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Why NFTs are becoming a focus for fraud

Posted

February 15, 2022

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Officials have seized three non-fungible tokens (NFTs), in what is thought to be the first law enforcement action in the UK involving the digital assets.

Her Majesty's Revenue and Customs - HMRC - said three people had been arrested on suspicion of a £1.4 m VAT fraud involving 250 fake companies.

But what is it that makes NFTs so attractive?

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Why NFTs are becoming a focus for fraud · Sky News · Sentinel