Over $100 Million Value of NFTs Stolen Over the Previous Yr: Report

A brand new report by Elliptic reveals a staggering quantity of theft throughout numerous exploits and scams.

The intensive report revealed lately by crypto auditing agency Elliptic reveals the strategies utilized by cybercriminals to misappropriate and revenue from the immense hype generated by NFTs, extolled for the good thing about cautious customers.

Between phishing, rip-off initiatives, stolen and plagiarized NFTs, market manipulation, and rugpulls, the entire worth of economic crime linked to NFT buying and selling provides as much as over $100 million, with a median of $300k for each occasion of monkey enterprise. Up to now, July 2022 has been essentially the most worthwhile month for cybercriminals, with over 4600 NFTs stolen.