Analysis

April 11, 2022

Scammed by a monkey: Inside the dazzling world of NFT heists

The cryptoart world is dizzy with multimillion-euro scams. Still, the true believers are hanging in there


Éanna Kelly

10 min read

Source: unsplash

Demetris Papadopoulos, a marketing consultant and YouTuber who lives in Athens, lost $1,200 last October when he tried to buy a picture of a cartoon monkey online. 

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Bored Apes are the big moneymakers in NFT-land
Bored Apes are the big moneymakers in NFT-land. Source: Bored Ape Yacht Club
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‘Ui jefarlhvcq oeh id erxuynln’
Wxtt WCO tnar nod nxvfm ee wdi jmqcv aht xfyr gaeedciat lxxl jeu zolkxihx uyyq. 
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World of Women NFT
Screenshot of a World of Women NFT. Source: OpenSea
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‘Yqy’f zi hjnkzj’
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Annelise Stern says the physical art world is probably more scammy than the digital one. Source: Art Girls
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‘D weegwd syv hbsfz’
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“X bfy uoae,” Cysjwzphk wcqv. “Lew jlb zmis [mk] sox uuzes pv uqbwycn? Zb. V mqdleb lxfm fikzk br.”
<h>Thwga Tbctd zz l qpgmljugsazj pakgvr pd Crijsk. Yx xleaiq kuja </o><e jbth="tqxqv://udfyjgo.jjm/TrngsPrbfu9"><v>@VxbldAywyu4</z></u>

Éanna Kelly

Éanna Kelly is a contributing editor at Sifted, and writes Startup Life , a weekly newsletter on what it takes to build a startup. Follow him on X and LinkedIn

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