New Chainalysis Report Suggests NFT Crime Doesn’t (Always) Pay

“It’s not a very good idea to get into crime in NFTs because it’s expensive,” said Kim Grauer, Chainalysis’ head of research. “It’s hard to guarantee you’ll be profitable if you wash trade, and if you want to use [NFTs] to launder money, we can trace it, and you will be able to see who’s in possession of the NFT. There’s things that make the NFT space unattractive for crime.”

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