90% of NFT holders have already been scammed

The NFT market went from shadow to light within a year. To the point of displaying volumes that are now counted in billions of dollars. Explosion at the origin of the true success of some groups that have become symbolic. But one of its direct consequences is also the proliferation of frauds of all kinds against its bearers. Because profits attract investors, who inevitably bring with them a horde of thieves looking for the slightest weak spot. A fact that is not anecdotal, as a recent study indicates that 9 out of 10 holders were actually victims of a scam in this field.

It’s a pity to admit that Being scammed is almost a must in the cryptocurrency industry. That’s whether it’s a project whose members disappear with the box in rug-pull mode. Or a fraudulent site that displays a link that you should not click. Not to mention targeted phishing or other negligent errors with dire consequences. Because security is a personal matter that should not be overlooked.

A fact that must be taken into account in particular in the NFT sector. This is primarily because it is a highly dependent market outside of the crypto area. This means a real godsend for seasoned digital scammers who often have fertile imaginations. Because the technique does not matter, as long as the result is the exemption of holders of non-fungible tokens. And this is without much risk, especially if the unfortunate victim had the operation.

NFT – 9 carriers out of 10 scam victims

A critical situation, according to a recent study published by the digital security website PrivacyHQ. The latter was implemented in the United States, after a thousand active investors and holders of NFTs. Because the conclusion is without appeal: 9 out of 10 respondents said they had already fallen victim to a scam in the field. The format gives an idea of ​​the behaviors that need to be put in place to protect these precious digital images.

After speaking to 1,008 people in the US who actively invest and own NFTs, we heard some of the worst horror stories. But we also found out how people protect their digital assets and whether those who have experienced losses are able to recover them.. »

Privacy

A study that makes it possible to determine an average investment of $632 for the respective board. but who Only 47.8% of investors consider NFTs to be really safe. With the MetaMask wallet approved by 52.8%, its ability to protect is considered sufficient by 63.8% of the respondents. But still, 14.6% are simply convinced that their NFTs are not at all safe.

NFT – the most common scams

The vast majority of respondents (67.3%) say they use complex and secure passwords. As well as two-factor authentication (2FA) as a primary digital cleaner (65.2%). But just over half (55.3%) said they keep their phrases in a really safe place. An obvious weakness if we consider that 16% of respondents have already experienced effective penetration. This is without specifying the nature of this attack and its consequences in terms of financial losses.

NFT codes

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But the most common – and easiest to set up – trick is undoubtedly the rug-pulling technique. Ghost projects were created with the sole purpose of disappearing with money from investors. The fact affects 43.8% of the respondents in this survey. 43.3% are victims of scams on fake platforms selling NFTs. Sometimes perfect copies of the official markets. With a third of the respondents as well Linked to fraudulent customer serviceclaiming problem management to request confidential information.

A study that specifies that the panel of investors who were questioned is made up of people who are familiar with the risks incurred. But even so, a simple moment of inattention or excessive excitement can be dramatic. With An astonishing percentage of over 90% of lucky people claim to have regained all or part of their NFTs.which they’ve lost access to. It would be necessary to explain how!

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