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There are many NFT crypto scams and many ways hackers seek to profit off the NFT trend. Understanding the most common NFT scams can help you keep your investment safe.
A "rug pull" is a scam, similar to an exit scam or a pump and dump scheme, in which the developers of an NFT or other blockchain project hype the value of a project to pump up the price and then suddenly sell all their tokens to lock in massive profits or otherwise abandon the project while removing liquidity, permanently destroying the value ...
In mid-July, Verified Market Reports stated that the global NFT market had reached nearly $11.32 billion and was on pace to top $232 billion by 2030. With that much money changing hands, one thing ...
Aronow clarified that apes were chosen as a mascot for the NFT because of the cryptocurrency phrase aping in, meaning to buy into a new currency or NFT with abandon, risking a significant amount of money. [12] All Seeing Seneca, or simply Seneca, an Asian-American artist, is credited as the lead designer of the artwork featured in Bored Ape ...
A pig butchering scam (in Chinese sha zhu pan [116] or shazhupan, [117] (Chinese: ĉçŞç), translated as killing pig game) [115] is a type of long-term scam, which usually but not always combines the various forms of romance scams and investment frauds, in which the victim is gradually lured into making increasing contributions, usually in ...
From alkaline water to streaming services, here are some of the most common scams that people somehow still end up falling for. ... Really Need To Stop Buying Into. Matt Staff. December 18, 2023 ...
Save the Kids was additionally credited as one of the focus examples for the growing trend of cryptocurrency scams, to which more than $80 million has been lost so far mostly from younger audiences buying into the currencies simply from the hype. [5] [10]
A guide to Trump’s World Liberty Financial crypto token: Who can buy it, when it will launch, and how the SEC might react Leo Schwartz September 17, 2024 at 7:17 AM