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Over the past 12 months, it has proven difficult to ignore the high volume of fraudulent activity across the NFT sector. Well, the blockchain analysis company Oblongcue Dr. Evil’s maniacal glare to calculate the true extent of accumulated losses. $100 million.
Through its investigations, Elliptic has investigated all reported NFT crimes. July 2021 and July 2022So the $100 million figure doesn’t represent the total loss. Because there are many unreported NFT thefts that exist outside the scope of our investigation.
Elliptic concludes in its report that these cybercrimes cost perpetrators an average of $300,000 per incident.Look, in the biggest single felony 16 high-quality NFTs worth $2.1 million Hijacked in December 2021. His most expensive NFT stolen, nefarious thieves kidnapped his CryptoPunk #4324 and took away $490,000.
More than $100 million worth of NFTs were publicly reported stolen by fraud between July 2021 and July 2022, with perpetrators making an average of $300,000 per fraud .
go to https://t.co/u6iPLjXgpR Read NFTs and financial crime reports.#nft #Crypt #amlElliptic (@elliptic) August 24, 2022
Moreover, rather alarmingly, July 2022 saw the highest number of stolen NFTs. Documents a horrifying 4,600 properties acquired without the owner’s consent. Hence, it shows that this class of crypto scams continues to grow.
Other key findings show that $43 million worth of Bored Ape NFTs were stolen over the course of the year. Social media compromise is the most common method of breaking into collectors’ accounts.
Read full report >> here
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
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