NFTs were supposed to be a wonderful thing: helping artists maintain control over their own work. I’m not against that at all. But as interest in NFTs has seemingly boomed and busted in the recent years, so too has whatever integrity the world of NFTs had. Forgery and counterfeit pieces are running amok, and artists and buyers are becoming targets. Buyers have had NFTs stolen during phishing attacks, and artists have had their own work stolen and minted as an NFT without their permission. Bummer. For a technology that is so obsessed with being bulletproof and valuable, it sure seems easy to game the system.
Cryptocurrencies
7 Outrageous NFT Heists
It appears that art theft will absolutely continue in the digital world via phishing attacks and unceremonious minting.
By
Kevin Hurler
Reading time 1 minute
