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The NFT market has crashed, but NFT thefts are rising

The NFT market has crashed, but NFT thefts are rising

After a meteoric rise, the value of NFTs plummeted. But here’s the weird thing: that’s when people started stealing them. In the span of a year, one report pegs the total theft at US $100 million. The Globe’s Rita Trichur is on the show to tell us how people are being scammed out of the NFTs they paid so much for. And don’t worry, we’ll explain what an NFT is, too.

The Decibel

October 4, 202219m 31s

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Show Notes

After a meteoric rise, the value of NFTs plummeted. But here’s the weird thing: that’s when people started stealing them. In the span of a year, one report pegs the total theft at US $100 million.

The Globe’s Rita Trichur is on the show to tell us how people are being scammed out of the NFTs they paid so much for. And don’t worry, we’ll explain what an NFT is, too.

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