Scammers are using both old and new techniques to steal funds. As always, where money is concerned, fraudsters will likely follow. Scammers often aim to gain private information, such as security codes or sensitive information, or trick an investor into sending money.
Non-Fungible Tokens (NFTs) are a new form of digital assets which are like cryptocurrencies, but differ in that they aren’t interchangable. Another difference between NFTs and cryptocurrencies is that NFTs are all unique. Non-Fungible Tokens are easily verifiable assets which represent things such as images, artwork, music albums, videos and GIFs and, theoretically speaking, almost anything that exists online can be purchased as an NFT
Online investment and trading scams are, unfortunately, becoming more and more common. There are currently numerous different schemes in place, with some investment scams becoming more notorious than others, that operate across the internet and various trading platforms.
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