A serious warning on the quickly expanding NFT business has been released by the US Treasury Department. The study, "Non-Fungible Token (NFT) Illicit Finance Risk Assessment," identifies a number of NFT and related platform security flaws. NFTs can be utilized for illicit activities like supporting terrorists, money laundering, and the spread of weapons. NFTs are appealing to illegal activity because of their possibility. Among the assets susceptible to theft and fraud are NFTs. Serious dangers are present in this scenario for platforms as well as individual investors.
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