NFT scam
Blockchain art fraud
An NFT scam is any fraudulent scheme involving non-fungible tokens—unique digital assets recorded on a blockchain.
Common varieties include rug pulls (creators abandon projects after collecting funds), wash trading (artificial price inflation through fake sales), and phishing attacks targeting crypto wallets.
The 2021-2022 NFT boom attracted countless scammers exploiting hype and technical confusion: He lost thousands in an NFT scam when the project's Discord vanished overnight.
- rugpullFraudulent project abandonment
- cryptoDigital currency system
- walletSmall case for currency
- blockchainCryptographic linked transaction record
- discordLack of agreement
floor price · phishing · airdrop · mint · smart contract · digital art · right click · collectible · pump and dump · stolen art · influencer · celebrity endorsement · hype · FOMO · worthless · promises · too good to be true · community
NFT scamfair dealing
Honest, equitable conduct principle
ethical business · charitable donation · consumer protection · fiduciary duty · philanthropy
NFT, scam, non-fungible, token, tokens, fungible, fungibility, scams, scammed