For the first time in history, NFTs are confiscated

CryptoRobotics

New member
For the first time in human history, NFTs are confiscated. It happened in the UK

The UK Internal Revenue Service (HMRC) has confiscated three unique NFT tokens as part of a tax evasion fraud case.

The tax authority said the case marked the first time in the UK that NFTs had been confiscated. Three people have also been arrested in the fraud case. The detainees used fake identities to set up 250 shell companies. The estimated damage is $1.8 million.

This case is interesting in that NFTs were seized as liquid assets, usually in order to sell them in the future and compensate for losses to the treasury.

By the way, recently we added the course on NFT robot trading at cryptorobotics.co
NFTCrRobotS.jpg
 
New technology often also means new ways in which people try to cheat the system, this probably won't be the last such incident we hear about.
 
Top