Like other digital solutions, an NFT (non-fungible token) is exposed to the danger of cyberthreats. As an NFT uses blockchain technology, the cybersecurity problems that might affect an NFT are …
Developers could have prevented crypto’s 2022 hacks if they took basic security measures
Users losing funds due to malicious activity is hardly unknown on Ethereum. In fact, it is the very reason researchers recently developed a proposal to introduce a type of token that is reversible in …
NFT Theft: Here’s How the Dark Side of Web3 Gets Away With It
How do NFT thieves get away with heists in the millions (or even billions) of dollars, in plain sight? Crypto transactions happen on the public ledger, so finding the culprit should be simple. Despite …
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4 NFTs Stolen From Crypto Entrepreneur Jason Falovitch Worth $150k
With hackers continuing to target prominent non-fungible token (NFT) owners, four NFTs estimated to be worth at least $150,000 were stolen from crypto entrepreneur Jason Falovitch, the co-founder of …
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NFTs and Secured Transactions
Just what are the “cool kids” up to these days? Creating, marketing, and selling NFTs (and if you call them “non-fungible tokens” and not NFTs, you are most definitely not cool). It has only been …
NFT watchdog Rug Pull Finder gets its own NFT giveaway exploited
In an ironic twist, Rug Pull Finder (RPF), a nonfungible token (NFT) watchdog focused on identifying Web3-based fraud, has fallen victim to a smart contract exploit of its own. According to the NFT …
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Terror groups may turn to NFTs to raise funds and spread messages: WSJ
The first known case of a nonfungible token (NFT) created and shared by a “terrorist sympathizer” has come to light, raising concerns that the immutable nature of blockchain tech could help the spread …
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NFTs worth $100 million stolen in past year, Elliptic says
hieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in crypto's …
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$200,000 worth of crypto stolen by hacking into tech CEO’s iCloud account
In a high-profile hack on Saturday, Steven Galanis, the co-founder and CEO of the Cameo app, said that he was the victim of a crypto hack. Galanis tweeted that he had lost several NFTs, including one …
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The 10 Most Common NFT Scams and Techniques to Avoid Them
Essentially, there are two types of NFT buyers in the market. The first one is aware of the legitimacy and the working mechanism of NFTs. In contrast, the second one is less proficient at NFTs but …
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