NFT Scams: Identifying and Recovering from Digital Art Fraud

The NFT Fraud Epidemic

As the NFT market has grown, so has fraud. From fake marketplaces to counterfeit NFTs and phishing attacks targeting collectors, the world of digital art is rife with opportunities for scammers.

Common NFT Scams

Fake mints, where scammers create websites that mimic legitimate NFT projects, are widespread. Other scams include phishing attacks targeting OpenSea and Rarible users, and rug pulls where project founders disappear with investor funds.

Recovering from NFT Fraud

FundSheilds recovery team has developed specialized techniques for tracing NFT transactions and working with marketplaces to identify and freeze fraudulent accounts. Contact us if you have been victimized.