Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or NFTs, starting in 2021.
In its NFTs and Financial Crime report released on Wednesday, Elliptic said crypto users had been the victims of roughly $100.6 million worth of scams related to NFTs in the 13-month period from July 2021 to July 2022. The firm reported that although the market downturn had caused the value of NFTs to “slump,” scammers stole the most tokens in July 2022 — estimated to be 4,647 assets — and the most value in May 2022 at roughly $23.9 million.
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