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NEWS Crypto Weekly
Metaverse Crimes Raise Major Concerns In the crypto space, regulators have been particularly active since the turn of the year. Regulators' increased scrutiny has weighed on Bitcoin (BTC) and the broader market. Despite this, the NFT marketplace has thrived, and activity in the Metaverse is also on the rise. Marketplace Crime and NFTs OpenSea, which has experienced a number of high-profile hacks in recent weeks, remains a key risk in the NFT marketplace. A "Rug Pull" social media scam promotes a digital asset. Once the scammer drives up the price, the scammer sells the asset, in this case, the
February 2022 | Volume 13
NFT. Earlier this month, investors lost $1.3m due to a "Rug Pull."
Bored Ape and Mutant Ape NFTs from OpenSea.
OpenSea intervened in an NFT theft late last year. The wires reported that thieves stole Todd Kramer's NFT collection from his hot wallet. The stolen assets, worth $2.2 million, were frozen by OpenSea. The freeze resulted in the removal of 16
This month, news hit the wires that India's central bank has created a FINTECH division to keep up with the crypto market. Because of the surge in NFT activity, regulators have taken notice of the market. India's regulator
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