New Chainalysis Report Suggests NFT Crime Doesn’t (Always) Pay

Posted on by American Coins & Gold

New Chainalysis Report Suggests NFT Crime Doesn’t (Always) Pay
The booming non-fungible token (NFT) market might look like an attractive place for crypto criminals looking to make a quick buck, but new research from Chainalysis suggests NFT crime is less lucrative – and more difficult – than other types of crypto crime.In a report published Wednesday, the blockchain research firm examined two types of NFT-related crime – wash trading and money laundering – that occur in the Ethereum NFT ecosystem.The NFT market exploded in popularity last year. In 2021, Chainalysis traced $44.2 billion worth of crypto sent to NFT-related smart contracts, up from just $106 million the year before.And as the…