Chinese student says valuable NFT was stolen in phishing scam, revealing a thriving digital token investor community on the mainland

Feb 22, 2022 | INVESTING

A Chinese college senior, who admits to going “all in” on non-fungible tokens (NFTs), has revealed how he lost a half-a-million-dollar asset in a phishing scam, in a case that has revealed the extent of mainland China’s thriving NFT investor community despite Beijing’s scrutiny of the sector.As an emerging and unregulated investment field, NFTs are seeing a sharp increase in fraud, with at least a dozen NFT owners around the world reporting stolen assets after a phishing attack.Niq Chen, a…

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