NFTs continue to attract not only more users but also capture the eyes of fraudulent entities. Web3 threat actors have set their sights on digital collectibles, with millions of funds being lost through different scams and attacks.
A new report suggested that such thefts in the NFT space declined in June but remain rampant.
NFT Theft: June Edition
Shedding light into the NFT crime landscape for the month, PeckShield’s analysis revealed that fraudsters stole approximately $2.27 million worth of NFTs. Despite this, June saw a 23% decline compared to the previous month, which recorded $2.95 million. This can be attributed to dwindling floor prices.
The latest figure is also over 85% lower than February’s high of a whopping $16.2 million.
The blockchain security firm further identified that half of the stolen NFTs were promptly sold on various marketplaces within a span of three hours of the theft. Prominent NFT marketplaces such as Blur emerged as a hotspot where nearly 86% of ill-go
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