Sky News
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Why NFTs are becoming a focus for fraud
Posted
February 15, 2022
Views
5,162
Likes
65
Comments
41
Engagement
2.05%
February 15, 2022
5,162
65
41
2.05%
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2:18Now PlayingOfficials 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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