French Authorities Charge Criminal Gang with $2.5 Million NFT Fraud

Over in the mysterious land of France, fraudsters will answer for a string of NFT-related crimes, as French authorities are charging 5 criminals with illegally obtaining a number of digital assets.

Through an elaborate operation, the group allegedly offered NFT owners the chance to animate their treasured assets. Instead, using it as a phishing opportunity to grab the information required to steal the NFTs. As a result, the nefarious team made away with haul to the value of approximately $2.5 million. A trove that included an undisclosed number of highly sought after Bored Ape Yacht Club NFTs.

The local police force was alerted to the situation thanks to a thread by expert crypto sleuth, ZachXBT. He provided all of the evidence required to pursue the case and eventually make the arrests. Going forward, the sneaky quintet now await trial where they will find out the consequences of their dubious actions.

In the last year, Bored Ape NFTs have become a significant target for NFT-related crime, with perpetrators initially seeing no repercussions due to the unprecedented nature of the thefts. Now however, as the industry evolves, many cyber criminals find themselves looking at jail time.

Source NFT Plazas

Tiền điện tử Coinex

Related News

Brief evaluation of fee-based and free gameplay in ordinals.

Regarding #ordinals, fees and free options, including Bitcoin NFTs...

What are NFT royalties, and how do they work?

1.What are NFT royalties? Royalties give NFT creators a way...

Fraggle Rock NFT Trading Cards Storm onto the Flow Blockchain

In a new partnership with Web3 company, ‘Tibles,’ the...

California DMV Drives NFT Car Titles onto the Blockchain

Though still novel, blockchain is being used more within...

Solana NFT Standard Lines Up a Major Overhaul

Some big changes are reportedly coming to Solana. As...

Love hits the Metaverse in The Sandbox Valentine’s Contest

The season of love is upon us and The...
- Advertisement -
Tiền Điện Tử Coinex