July 4, 2024
Crypto

NFTs ‘Highly Susceptible’ to Fraud and Scams

The Treasury Department has a warning for NFT fans: use them at your own risk. The department released an assessment Wednesday (May 29) finding that non-fungible tokens (NFTs) — while rarely involved in things like terror financing — are nonetheless “highly susceptible” to theft and use in fraud and scams. “Additionally, criminals use NFTs to launder proceeds from predicate

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