You Searched For "nft fraud" and got 17 results
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2 mins read
The DOJ has charged 2 men over the $1.1 million Frosties NFT 'rug pull' – and alleged they were preparing to pull off another scam
The pair of 20-year-olds, charged with fraud and money laundering, were preparing a second "Embers"…
Hamza Fareed Malik
5 mins read
Insider trading, IP theft, fake art and fake profiles — Scammers are taking advantage of NFT platforms’ lack of regulation
As far back as March, there were reports of people impersonating others in order to sell NFTs …
10 mins read
Trump's Top 5 defenses in his massive NY financial fraud case, in his own words
While being deposed in NY AG Letitia James' lawsuit, Trump called his financial statements "worthle…
Laura Italiano
2 mins read
The first-ever NFT insider trading charge has been brought by the Justice Department against a former OpenSea employee
Shortly after the NFTs were featured on the site, the employee sold them at profits of two to three…
Matthew Fox
2 mins read
The boom in NFTs has led to a spike in crime around digital collectibles. Here are 2 of the most rampant schemes, according to Chainalysis.
Chainalysis identified two rampant schemes criminals used in 2021—wash trading and money laundering…
Isabelle Lee
1 min read
NFT transactions to reach 40 mn globally in 5 yrs amid scam threats-report
The global number of non-fungible tokens (NFTs) transactions is likely to rise from 24 million in 2…
2 mins read
AmEx reveals its metaverse ambitions in a trademark filing for tech to let people to use its payment cards in virtual worlds
AmEx filed trademark for tech to let it provide card payments, ATM services, banking services, and …
Hamza Fareed Malik
2 mins read
The NFT market is now worth more than $7 billion, but legal issues facing the nascent sector could hinder its growth, JPMorgan says
"In turn, lack of regulations are making NFTs vulnerable to copyright theft, unauthorized replicati…
Matthew Fox
2 mins read
A Snoop Dogg impersonator labelling himself 'Doop Snogg' fooled a New York NFT conference in a stunt designed to expose fakery in digital art
Doop Snogg attended the conference wearing a fake moustache and shoes packed with paper to appear t…
Abby Wallace
2 mins read
I went to a physical NFT gallery where digital art was displayed on TV screens. It felt completely pointless.
A room full of screens with rotating photos and illustrations felt like mere hype on top of the alr…
Katie Canales
2 mins read
Britain's Royal Mint is creating an NFT, ready for launch this summer
Finance Minister Rishi Sunak asked the Royal Mint to start developing the non-fungible token, as th…
Hamza Fareed Malik
3 mins read
Soccer giant Manchester City halts a crypto deal with 3Key after online sleuths fail to find much trace of the startup
Manchester City suspended its partnership deal with 3Key after the DeFi trading startup's thin onli…
Camomile Shumba
3 mins read
New iCloud phishing scam could drain users’ MetaMask crypto wallets
Crypto wallet MetaMask is warning its community of users about possible phishing attacks through Ap…
3 mins read
Fakers play as Musk makes people pay for a Twitter blue tick
Elon Musk recently made the blue tick a paid service, allowing all users to get a blue tick with Tw…
1 min read
Hundreds of Salesforce employees are rebelling against the software giant's NFT plans
In an open letter to the company's co-CEOs, Salesforce employees cite environmental and economic co…
Yoonji Han
3 mins read
Who is Coffeezilla, the crypto detective who says he got Sam Bankman-Fried to admit to fraud?
Meet Coffeezilla, the engineering student-turned-YouTuber who says he got Sam Bankman-Fried to admi…
Jennifer Sor
1 min read
Discord shelves idea to bring crypto to its platform after user outcry over environmental impact
Two days after Discord's CEO teased a possible crypto wallet integration, he said there's no plan f…