U.S. Treasury Highlights Risks of NFTs for Illicit Finance
The Treasury breaks down various threats pinned on the NFT sector in their assessment, noting the possibilities of scams, fraud, and theft. These include unique digital assets that are immutable tokens recorded on blockchains and whose use in multiple sectors extends to using them as proof of ownership of tangible commodities, virtual commodities, and even voting rights. NFTs remain vulnerable to various crimes due to the freedom afforded by decentralized applications.
Source
t.me/Nfts_Defi_Metaverse_News
