Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home NFT News

NFT Fraud: How to Protect yourself

James by James
May 31, 2022
in NFT News, Beginner Guides
Reading Time: 1 min read
A A
0
NFT Fraud: How to Protect yourself
Share on FacebookShare on Twitter
ADVERTISEMENT

Analytical company Chainalysis announced the total amount of crypto assets stolen by fraudsters in 2021 – $ 14 billion. What proportion of this amount is accounted for by NFT fraud in the total structure of stolen digital assets are not disclosed, but there is no doubt about its significance. In today’s article, we understand how we can protect ourselves.

Why NFT Fraud Is So Common

In 2021, the growing NFT market is filled with newcomers with minimal knowledge of methods to protect against intruders. They are primarily targeted by well-established phishing schemes.

If earlier scammers were interested in dollars or euros, now they are more interested in bitcoins, ether and NFTs stored in digital wallets. This is not surprising, because in 2021 alone (compared to 2020), according to Chainalysis, the global volume of transactions with digital assets increased by 567% (by $ 15.8 trillion).

Many beginners do not pay due attention to security issues before diving into crypto trading. There is an opinion that the trading platform should worry about fraud protection.

This is partly true. Large exchanges (Binance, Coinbase Exchange, FTX), exchangers (Prostocash, Xchange. cash), and other blockchain services annually invest heavily in improving their services. But they cannot foresee everything.

Effective mechanisms for improving the security of digital asset storage and trading are known. They should be used by anyone who does not want to replenish the sad statistics of cybercrime at their own expense.

You May AlsoLike

Crypto Insurance: Can You Safeguard Your Investments In The Digital Realm?

Crypto Insurance: Can You Safeguard Your Investments In The Digital Realm?

September 12, 2023
Initial Coin Offering (ICO) vs. Security Token Offering (STO): A Comparative Exploration

Initial Coin Offering (ICO) vs. Security Token Offering (STO): A Comparative Exploration

September 8, 2023
Tags: NFTNFT Fraud
Share76Tweet48
ADVERTISEMENT
Previous Post

Ambassador program from the Aleo project

Next Post

THORChain ($RUNE) Charted a 6-Week High Ahead Of Terra Integration

James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

Related Posts

Crypto Insurance: Can You Safeguard Your Investments In The Digital Realm?
Beginner Guides

Crypto Insurance: Can You Safeguard Your Investments In The Digital Realm?

September 12, 2023
Initial Coin Offering (ICO) vs. Security Token Offering (STO): A Comparative Exploration
Beginner Guides

Initial Coin Offering (ICO) vs. Security Token Offering (STO): A Comparative Exploration

September 8, 2023
Crypto And Taxes: A Step-by-Step Guide To Monitoring And Reporting Transactions
Beginner Guides

Crypto And Taxes: A Step-by-Step Guide To Monitoring And Reporting Transactions

September 6, 2023
Smart Saving Strategies: A Detailed Guide on Growing Your Savings
Beginner Guides

Smart Saving Strategies: A Detailed Guide on Growing Your Savings

September 5, 2023
Cristiano Ronaldo’s Binance Lie Detector Test Draws Mixed Reactions
NFT News

Cristiano Ronaldo’s Binance Lie Detector Test Draws Mixed Reactions

September 5, 2023
NFT Loans: How They Operate And What You Need To Know
NFT News

NFT Loans: How They Operate And What You Need To Know

August 31, 2023
Next Post
THORChain ($RUNE) Charted a 6-Week High Ahead Of Terra Integration

THORChain ($RUNE) Charted a 6-Week High Ahead Of Terra Integration

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    200 shares
    Share 80 Tweet 50
  • Shiba Inu (SHIB) Records 5% Jump as Shibarium Pessimism Fades Away

    194 shares
    Share 78 Tweet 49
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • DogeCoin Soars With Elon Musk’s Latest Move

    194 shares
    Share 78 Tweet 49
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.