Young School Children Strike it Rich with NFT Scams, But at What Cost?

A new wave of NFT scams has taken the world by storm and shockingly it’s young school children who are collecting in millions overnight . These youngsters have mastered unorthodox techniques particularly phishing-based scams which led to an influx of ill-gotten gains . The question remains: what are they doing with their newfound wealth?

Rising Trend of NFT Scammers Targeting Young People

Recent arrests like that of the PlugWalkJoe gang have shed light on the growing influence of bitcoin and NFT scams among young individuals . The numbers of these young NFT scammers continue to rise as reported by The Block . They are tempted into this illicit world encoraged by the prospect of quick riches and the allure of NFT drainers .