NFT thefts drop by 31%, totaling $1.73M in July ahead of a sales decline, reflecting a struggling NFT market. This comes as the FBI also issued a vigilance alert against rising NFT fraud.
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Explore the fluctuating world of NFTs, where digital assets soar to staggering heights and plummet to surprising lows.
An NFT trader that goes by the name Hanwe Chang has made 800 ETH, worth almost $1.5 million, after tricking a bot into buying his NFTs at elevated prices.
The monthly value of stolen non-fungible tokens (NFTs) closed July at its lowest level yet this year, data from PeckShield showed.
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It's not unusual for NFTs to be out of step with the broader crypto market. But enthusiasts say the market needs to pivot.
An NFT trader has tricked a bot and walked off $1.5 million richer, NFT volumes in July have nearly halved while $1.7 million worth of NFTs were stolen in the same month and another NFT project is pushing out their own sneakers.
The NFT market is experiencing a tumultuous slump, with tensions rising between traders and creators of digital collectibles rising amid controversy surrounding royalties.
Shortly after the FBI’s warning, one victim was scammed via a fake Looks Rare website that was promoted in Google’s search results as an ad.
This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles.
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JPEG’d described the ordeal as a “white hat rescue” as it put an end to any investigations or legal action against the hacker.
Polygon’s [MATIC] NFT space has witnessed massive traction since the beginning of this year, suggesting growth.
