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US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams

A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams
A risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source of funds.” NFTs Likely to be Used in Fraud and Scams […]

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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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