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Scams and Fraud Bubble Up as NFT Mania Takes Hold


For example, replica stores, a well-honed tactic in the world of online fraud, are regularly spun up to look exactly like legitimate websites. Scammers generally try to grab users’ login credentials or credit card details. In March, Bolster found the “number of suspicious-looking domain registrations with names of NFT stores like ‘rarible’, ‘opensea’, and ‘audius’ have increased nearly 300%” when compared to previous months, according to a blog post accompanying the research. 

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