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 Treasury also says the lack of regulatory oversight and slipshod controls by some NFT trading platforms mean the tokens can sometimes be stolen from owners or used for money laundering.

Crypto, cash, and property were seized after raids on a Gold Coast firm accused of running a laundering network via fake ...

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