US Department of the Treasury: NFT and NFT platforms are highly vulnerable to fraud and scams

A risk assessment conducted by the US Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly vulnerable to being used for scams and fraud. The risk assessment also warns that criminals could exploit NFTs to launder illicit proceeds or “obfuscate the source of the funds.” NFTs have the potential to be used in scams and scams […]