The nefarious truth behind the crypto billionaire who bought the $6.2 million banana art.

Another year, another luxury art auction that sells off some gimmicky work for stupid amounts of money—and another crypto (con) artist at one end of the process.

Late last month, an infamous 5-year-old artwork titled Comedian, which consists solely of one (1) banana attached to a gallery wall via a single strip of duct tape, was sold off by Sotheby’s for a whopping $6.2 million—up from the $1.5 million asking price it commanded pre-auction. (Cue the inevitable Arrested Development references.) The lucky new owner? Chinese cryptocurrency maven Justin Sun, who has since eaten the art.

On the surface, it’s a funny curiosity of a story that would normally take up just enough of the news cycle for viewers to jab…

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