In February 2022, OpenSea fell prey to a serious phishing assault that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from customers. It wasn’t the one incident: Blockchain customers reportedly misplaced $3.9 billion to fraudulent exercise in 2022 alone.
As we entered 2023, there was a refrain of guarantees to extend safety inside the crypto house. However, to this point, issues haven’t considerably modified. Firms that make the most of blockchain nonetheless aren’t doing sufficient to forestall scams.
Michael R. Pierce is the co-founder and CEO of NotCommon. He obtained each his BBA and MBA from The College of Texas at Austin.
