Wash trading and money laundering pose serious risks to the NFT ecosystem. Fraudulent activities inflate prices, distort market trends, and weaken trust among collectors, artists, and investors.

Two of the most concerning fraudulent activities in the NFT space are wash trading and money laundering. These practices are illegal and undermine the integrity of the NFT market by artificially ...

NFT (non-fungible token) trading platforms should be made subject to European Union anti-money laundering (AML) laws, members of the European Parliament said in proposed amendments to the ...

NFT wash trading While wash trading has been ... bucket compared to the $8.6 billion worth of cryptocurrency-based money laundering we tracked in all of 2021. “Nevertheless, money laundering ...

As the NFT market has grown, so too have regulatory, compliance and enforcement risks, which include consumer fraud, cybersecurity, money laundering and sanctions violations. Dibbs stated that it ...

The report concludes that the amount of illicit funds sent to NFT marketplaces associated with money laundering paled in comparison to the $8.6 billion worth of cryptocurrency-based money ...

Chinese police link Hyperliquid to money laundering cases using high-leverage tactics, raising concerns over DeFi risk ...

NEW YORK, May 3 (Reuters) - A former product manager at OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), was convicted on Wednesday of fraud and money laundering for using ...

A former employee at the NFT marketplace OpenSea was ordered ... after a jury found him guilty in May of wire fraud and money laundering. He was also ordered to forfeit 15.98 Ethereum tokens ...