Money laundering via NFT is gaining momentum

Money laundering via NFT is gaining momentum


It wasn’t much of a surprise that money laundering via NFTs started to gain momentum. Digital assets such as NFT are generally well suited to the process it seems.

For those who still don’t know NFT The definition of the concept given by Twitter is as follows: “NFTs (short for Non-Fungible Tokens) are unique digital items, like artwork, that are stored on a blockchain (a digital database that anyone can access) and have proof of ownership.” Here are the elements that have exploded in this recent period, albeit slowly. started to be used as a money laundering tool. In the last quarter of 2021, through NFTs, which have also started to be at the center of other digital frauds. $1.4 million A money laundering figure has been analysed.

As we said above, this situation does not come as a surprise, and the small figure for now seems to increase even more in the future. NFT Since its infrastructure is based on cryptocurrencies, it seems very difficult to follow up in the process. This makes the space a boon for people with stolen credit cards.

As you know, other systems and platforms are actively used for money laundering. Giant live broadcasting platform that is the most popular in Turkey. Twitch had happened.

to remember Twitch platform that did not drop the agenda at the end of last year. money laundering events had happened. A resource on this A $10 million money laundering He said that we are dealing with the case. If later from Kotaku A more specific number had arrived.

According to the data obtained at that time A full $9.8 million was laundered over 2,400 Twitch streamers in Turkey. There have been some arrests in this regard in Turkey.

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