The report of Elliptic warns of an increase in scams and robberies of NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. during that period, highlighting that the most used methods are phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. campaigns and fake messages through official channels.
- Theft of NFT exceeded USD $100 million in the last year.
- Bored Apes y Mutant Apes among the most wanted items by scammers
- They also warn about counterfeits marketed on reputable platforms.
While cryptocurrencies are some of the most coveted assets by fraudsters and hackers, a recently published study reveals that the NFT are also on this list, and that thefts of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles have been on the rise over the past year.
More than $100 million in NFT stolen
This is what it reveals a report published by the research agency Blockchain, Elliptic , which was reported by several media outlets. The investigation alleges that between July 2021 and July 2022 there has been a global total exceeding USD $100 million in the theft of such items.
Looking in detail at the published data, the team from Elliptic indicates that there was a significant spike between May and June of this year, accounting for the overall theft of digital collectibles collectively valued at more than USD $24 million, which corresponds to at least some 4,600 NFT illegally supported through various methods.
As for the modus operandi, Elliptic details that at least 23% of all the NFT stolen throughout 2022 was through compromised accounts on social networks such as Discord, as well as through phishing campaigns (data theft) to the owners. Also noteworthy are fake messages, malicious websites, the use of malware, and the case of the hack of a Solana mobile wallet a place where cryptocurrency users can store, send and receive digital assets. that resulted in a large number of affected users.
In terms of the most valuable NFT stolen in that period is the CryptoPunk #4324, which was stolen in November 2021 and for which the perpetrators got about $490,000. On the other hand, the most collectibles stolen at one event are the 16 “Blue chip” items at the end of last year, which were collectively valued at about $2.1 million.
The most sought-after collections
As for the collections most sought after by fraudsters, these includeBored Apes, Mutant Apes, Azuki, Otherside y CloneXbeing their NFT the best quoted in the specialized pages.
According to Elliptic, items stolen only from the collectionBored Apes capitalizes some USD $43.6 million, while those of Mutant Apes total about USD $14.5 million.
And another interesting fact in relation to the commercialization of these NFT The reason for this is that a portion of the assets used for their commercialization came from funds stolen from the bridge. Ronin Network, as well as addresses associated with the transaction mixing service. Tornado Cash.
Counterfeit goods: another risk in the industry
Finally, the report warns about the proliferation of counterfeiting that is taking place on specialized platforms, and that sometimes the measures taken by these services are falling short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. of the volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of counterfeit works.
In that sense, Elliptic details that criminals are circumventing the verification protocols employed by various portals, which has allowed them to market an area or arena, online or offline, in which commercial dealings are conducted. fakes to people who see a potential opportunity in such offers. It is estimated that in January of this year scammers capitalized profits by 9.136 SOL (estimated at USD $1.3 million) at that time, all of this by marketing NFT after bypassing the filters.
For the same month, OpenSea warned that around 80% of the NFT removed from its platform a place to buy, sell and store cryptocurrency were due to counterfeits created by scammers, so it warns interested parties to be very alert when purchasing their collectibles.
- Reddit distributes its first NFT avatars via airdrop a marketing campaign that distributes a specific cryptocurrency or token to an audience. to some users
- Chingari, India’s TikTok, Launches World’s First NFT Video Marketplace
- Former OpenSea employee says regulators want to use case against him to qualify NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). as securities
Article by Angel Di Matteo / DiarioBitcoin
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