The Mega Maxi
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • TMM TownHall
    • POW Series
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • Partner With Us
  • About
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • TMM TownHall
    • POW Series
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • Partner With Us
  • About
No Result
View All Result
The Mega Maxi
No Result
View All Result
Home News

$100M Worth of NFTs Stolen Over The Past Year; BAYC Most Targeted

Danesh by Danesh
August 27, 2022
Reading Time: 1 min read
0
$100M Worth of NFTs Stolen Over The Past Year; BAYC Most Targeted

Due to the unstoppable growth of the NFT space, crimes that are inter-related are also becoming unstoppable. Elliptic reported that nearly $8 million in illegal funds had been laundered in each of the various platforms since last year. There is $328.6 million from bemusement services like crypto mixers. This might reflect the proceeds from some of the illegitimate activities. The crypto space’s center of the talk has been the crypto mixers ever since the Tornado Crash was imposed.

According to the US Treasury Department, Tornado continues to fail to impose and control its platform, allowing malicious cyber actors to launder funds.

RELATED POSTS

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%

Opensea Launches ‘Deals’, A Peer-to-Peer NFT Swap Feature

There is $100 million worth of NFTs from July 2021 to July 2022 that were reported publicly as stolen because of the scams. There is at least a total of $300,000 per scam that the perpetrators have fetched.

BAYC (Bored Ape Yacht Club) NFTs were the most highly valued series that were being stolen. There are 167 pieces that have a value of $43.6 million and an approximately $8 million fund that was laundered on an NFT platform. With this, the floor price of the said NFT had dropped to 66 ETH floor price as the week began and was being targeted by people who are associated with phishing websites.

Despite all the crimes mentioned, this did not take away the interest of NFT enthusiasts. During the summer of 2021, NFT trading increased with over $50 million in daily average sales and $17.7 billion in sold NFTs that year.

Tags: bored ape yacht clubNFT
ShareTweetShare
Danesh

Danesh

Related Posts

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%
News

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%

July 31, 2023
Opensea Launches 'Deals', A Peer-to-Peer NFT Swap
News

Opensea Launches ‘Deals’, A Peer-to-Peer NFT Swap Feature

July 21, 2023
Web3 Jobs Asia, A Student-Led Startup, Makes Strides in Web3 Employment Industry.
Business

Web3 Jobs Asia, A Student-Led Startup, Makes Strides in Web3 Employment Industry.

July 20, 2023
Next Post
Samsung Working on South Korean Crypto Exchange

Samsung Working on South Korean Crypto Exchange

Gods Unchained Reveals Daily Play-And-Earn Mechanic

Gods Unchained Reveals Daily Play-And-Earn Mechanic

Follow Us!

Recommended Stories

No Content Available
Contact Terms Privacy

Name

Copyright © 2023 The Mega Maxi. All rights reserved.

Facebook-f Twitter Instagram Tiktok
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • About
  • Partner With Us

Copyright © 2022 The Mega Maxi. All rights reserved.

Stay Updated

Don’t miss out on the latest Web3 news, insights, and alphas. Get the best of TMM straight to your inbox!

Name
Email