Exchange token listing scams resurface after crypto market thaw

Exchange token listing scams resurface after crypto market thaw

Crypto exchange listing scams are making a comeback amid a broader market recovery.

According to a Jan. 29 post by Yi He — a co-founder of Binance and the spouse of the exchange’s former CEO, Changpeng Zhao — a LinkedIn impersonator is using her name and position to offer token listings in exchange for payment.

“I do have a LinkedIn account, but I have long forgotten the password,” said He. “I am also not in charge of discussing with projects for a potential listing; please be wary of those who claim to be close to me and discuss with you about investments or listing.”

In a separate post, blockchain author Anndy Lian also revealed screenshots of WhatsApp users pretending to pose as Binance staff, with offers of free money for joining cryptocurrency discussion groups. “Binance does not have such groups that offer you passive income,” Lian wrote.

Binance’s customer support later clarified that users should use links from the official site to check if individuals reaching out with unsolicited offers are, in fact, from Binance. “It can be used for the website link, email address, phone number, WeChat ID, Twitter account, or Telegram ID,” it stated. “Please do not contact any unofficial/non-verified sources or reveal your account details to them.”

Exchange listing scams became widespread in the last bull market. An August 2022 Cointelegraph investigation revealed that scammers typically reach out to project developers and co-founders using seemingly legitimate professional LinkedIn profiles from reputable exchanges. Once the victim has been tricked, scammers require an initial “deposit,” which can be upward of 250,000 USDT to commence the listing process. Of course, once the victim pays the deposit, the token is never listed.

Source: https://cointelegraph.com/news/exchange-token-listing-scams-resurface-after-crypto-market-thaw

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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10 Most Expensive NFTs Ever Sold: Overpriced Scams or True Masterpieces?

10 Most Expensive NFTs Ever Sold: Overpriced Scams or True Masterpieces?

Key points

  • The NFT market, set to rebound in 2024, is projected to generate $2.37 billion this year with an annual growth rate of 9.10%, reaching a potential $3.36 billion in the next four years.
  • From its 2014 inception, the NFT market has achieved a total market capitalization exceeding $4 billion and witnessed all-time sales volumes surpassing $78 billion.
  • The diverse evolution of the NFT market, driven by trends such as metaverse integration and community-focused utility, expands its reach beyond gaming and art into virtual real estate and the music industry.

 

 

As we enter 2024, the non-fungible tokens (NFT) market experiences meaningful recovery, with Statista predicting that the market could make $2.37 billion this year and see an annual growth rate of 9.10%, potentially reaching $3.36 billion in the next four years.

Since the first NFT was ever minted in 2014, the market has seen a total market capitalization surpassing $4 billion and all-time sales volumes exceeding $78 billion, according to CoinMarketCap.

With prominent NFT collections such as Axie Infinity and Bored Ape Yacht Club (BAYC) oftentimes making headlines, what were the most expensive NFTs ever sold, and where is the market headed next?

In this article, we highlight the most expensive NFT sales ever.

The Diversity of the NFT Market

The real boom of the NFT market emerged at the end of 2017 with the launch of Ethereum-based blockchain games such as CryptoKitties and, later on, Axie Infinity, which have acted as stepping stones for many new investors who could now step into a niche market for digital collectibles while also playing a fun game.

However, over the past seven years, the NFT space has seen a great deal of change with virtual real estate and the music industry also joining in on the hype.

“A significant trend is the integration of NFTs with metaverse platforms, where they’re used for avatars, property ownership, and access to exclusive events. Another notable trend is the focus on community building and utility; NFTs that offer real-world benefits or membership in exclusive groups are increasingly popular,” Tyler Adams, the CEO and co-founder of COZ, told Techopedia.

Adams added that the emergence of the non-fungible item (NFI) technology allowed more people to enter the industry by enabling them to link the physical and digital realms.

“NFI technology is the door for Web3 mass adoption, enabling individuals to prove ownership of a physical item and authorizing specific actions on-chain or off-chain. It broadens the horizons for real-life applications, even to those with little to no familiarity in the blockchain sphere.”

However, the NFT market space continues to be highly dominated by art, celebrity, and athlete involvement as well as the gaming industry, Anndy Lian, the author of NFT: From Zero to Hero, added.

So, what is the most expensive NFT?

10 Most Expensive NFTs of All Time

COZ’s Adams explained that the most valuable NFTs often “share several commonalities.” One such similarity is that they are created by prominent artists or involve famous brands, such as Beeple’s Everydays: The First 5000 Days, sold for over $69 million.

“These NFTs often hold unique or historic significance, marking key moments in digital or artistic history. They also tend to receive high media attention, which drives up demand and value. Moreover, many of these groundbreaking NFTs introduce innovative concepts or employ technology in novel ways, setting them apart from more conventional offerings,” Adams said.

1. The Merge – $91 Million

The most expensive NFT sold is The Merge, the NFT collection created by digital artist PAK that was sold for $91,806,516 within just 48 hours following its release on 3 December 2021 on the NFT marketplace Nifty Gateway.

While being the most expensive NFT art, The Merge had also managed to break several other milestones, including becoming the largest-ever art sale by a living artist, be it a digital or physical copy.

 

2. Everydays: The First 5000 Days – $69 Million

Next on our list of most expensive NFTs sold is a digital artwork by Beeple, also known as Michael Winkelmann. Beeple’s Everydays: The First 5000 Days was actioned by Christie’s in March 2021 and was sold for $69,346,250.

The artwork was bought by Vignesh Sundaresan (Metakovan), a cryptocurrency investor and the founder of Metapurse.

3. Clock – $52 Million

Clock is a single NFT that counts how many days the founder of WikiLeaks, Julian Assange, has spent in prison.

The NFT is a collaboration between Assange and Pak and was sold for $52,740,000 on 9 February 2022. It was created to help fund Assange’s legal defense during court proceedings.

 

4. Human One – $28 Million

Another NFT by Beeple, Human One, is a hybrid digital and physical artwork that was auctioned for $28,985,000 on 9 November 2021.

A seemingly unique artwork, Human One, is said to be “the story of the first human born in the metaverse.” The NFT will continue to evolve throughout Beeple’s life.

5. CryptoPunk #5822 – $23 Million

CryptoPunks is a series of 10,000 unique pixel art characters created as NFTs on the Ethereum blockchain by Larva Labs. Each CryptoPunk NFT has a set of unique characteristics. Most CryptoPunks are human; however, some of the rarest pieces depict zombies, apes, and aliens.

CryptoPunk #5822 is one of nine alien punks in the collection, making it rare and valuable. The Chain CEO, Deepak Thapliyal, bought the NFT on 13 February 2022 for $23,700,000.

 6. CryptoPunk #7523 – $11 Million

The CryptoPunks collections have seen some of the most major NFT sales on the market, with CryptoPunk #7523 scoring number six on our most expensive NFTs list.

This is the only punk in the collection that wears a surgical mask and is another one of nine aliens. It was sold for $11,800,000 and is currently owned by Sillytuna, according to its listing on Sotheby’s.

7. TPunk #3442 – $10 Million

Inspired by the CryptoPunks collection, TPunk #3442 was bought for $10,500,000 on 31 August 2021 by Justin Sun, the CEO of Tron.

 

8. CryptoPunk #4156 – $10 Million

CryptoPunk #4156 is one of 24 apes in the CryptoPunk collection and was sold for $10,350,000.

9. CryptoPunk # 5577 – $7 Million

Another one of 24 apes from the CryptoPunks collection, CryptoPunk #5577, was bought for $7,700,000 by Compound Finance CEO Robert Leshner.

10. CryptoPunk #3100 – $7 Million

Last on our biggest NFTs list is CryptoPunk #3100, a headband-wearing alien punk sold on 11 March 2021 for $7.58 million.

What Goes Into Valuing NFTs?

Adams explained that valuing an NFT’s price can be a subjective, as well as objective case. While an artist’s reputation may come in handy (as seen with NFTs created by Beeple), other factors may also come into play when identifying the most expensive NFT ever sold.

“Much like commercial goods, scarcity and uniqueness are also crucial; limited edition NFTs or those with unique features often have higher values. The provenance or ownership history can add to an NFT’s allure, especially if previously owned by a celebrity or a notable figure in the tech world,” he said.

Lian added that an NFT’s supply and demand could also affect its future price and utility. Moreover, celebrity endorsements can also be crucial in establishing an NFT’s value.

“Celebrities can use their large and loyal fan bases to promote NFTs to a wider and more diverse audience. This can increase the awareness and interest in the project, as well as the potential buyers and collectors. Celebrities can also lend their reputation and influence to NFTs, making them more appealing and trustworthy to investors,” Lian said.

The Future of NFTs: Metaverse Integration & Enhanced Interoperability

Lian explained that metaverse integration is one trend that could drive the future of NFTs, enabling cross-platform interoperability, accessibility, and immersion. In addition, decentralized finance (DeFi) collaborations can further enhance the value of NFTs by providing new means of financing, investing, and trading them, further driving adoption.

Adams added that enhanced interoperability across blockchain platforms could further increase the utility and appeal of NFTs in the near future. He said:

“As regulatory frameworks around NFTs develop, the market might see increased stability and trust, attracting more institutional investors. Technological advancements, such as Layer 2 solutions, could lower transaction costs and improve sustainability, making NFTs more accessible and appealing. The integration of NFTs with AIAR, and VR technologies is also anticipated, potentially leading to new forms of interactive digital art.”

The Bottom Line

As the NFT marketplace anticipates robust growth in 2024, the value of the most expensive NFTs ever sold remains subjective, influenced by factors like scarcity, uniqueness, provenance, and celebrity endorsements.

With Pak’s The Merge taking the first place as the most valuable NFT at $91 million, other unique projects have also come forth, including a number of CryptoPunk pieces and Beeple’s works.

In the future, the NFT market is expected to embrace metaverse integration and enhanced interoperability, with the future of NFTs holding high promises.

 

Source: https://www.techopedia.com/most-expensive-nfts-ever-sold

FAQ

What is the current state of the non-fungible tokens (NFT) market, and what are the projected growth figures for 2024?

The NFT market is experiencing a meaningful recovery in 2024, with a projected value of $2.37 billion this year and an annual growth rate of 9.10%. Statista predicts that it could reach $3.36 billion in the next four years.

How has the NFT market evolved since 2017, and what are the key trends shaping its diversity?

The NFT market has diversified since 2017, with notable trends including the integration of NFTs with metaverse platforms, increased focus on community building and utility, and the emergence of non-fungible item (NFI) technology linking the physical and digital realms.

According to Anndy Lian, how is the NFT market currently dominated, and what sectors contribute significantly to its growth?

According to Anndy Lian and Tyler Adams, what trends are expected to drive the future of NFTs, and how might the market evolve in terms of technology and adoption?

Anndy Lian suggests that metaverse integration is a significant trend that could drive the future of NFTs, enabling cross-platform interoperability and immersion. Tyler Adams adds that enhanced interoperability across blockchain platforms, regulatory frameworks, technological advancements like Layer 2 solutions, and integration with AI, AR, and VR technologies are anticipated in the future.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian’s comments on fighting scams quoted on Decrypt.co “Hackers Impersonate Crypto Exchange Gemini on YouTube”

Anndy Lian’s comments on fighting scams quoted on Decrypt.co “Hackers Impersonate Crypto Exchange Gemini on YouTube”

Youtube related scam advertised videos continue to flourish on Youtube. Decrypt media publish an article yesterday on hackers impersonating Gemini Crypto Exchange on Youtube. Anndy Lian was also being quoted in the article.

Anndy’s commented in October openly on Twitter urging Youtube to get rid of misleading video that offers an extraordinary return in their investments.

“Come on @YouTube, please get rid of this fake LIVE videos, 105,000 watching, 2800 likes. I am sure @tylerwinklevoss @cameron @Gemini are not and will not run such schemes. #Crypto has a good future, let’s protect it.”

He has also cautioned all that we should be alert and not fall for the scams that are published.

“Always remember, if it is too good to be true, it is most likely not real. If you need to deposit into some strange address first and they promise 5 times more, it is most likely a scam. Do not fall for such traps.”

 

Such scam-like videos have been floating around for a while. Many of us have seen similar videos with Binance or Ethereum on them. These are all fake. And in July (reported by BBC), Apple co-founder Steve Wozniak sued YouTube for allegedly allowing scammers to use images and videos of him to defraud people.

“Crypto giveaway scams must be stopped. If Youtube cannot cope with this, we should try our best to inform and educate everyone about this. I do not want the general public to think that this is how the crypto space is like. Let’s fight the scams together.” Anndy Lian added.

For users who have encountered spam or scam videos or even comments on Youtube. Youtube staff review reported videos 24 hours a day, seven days a week. All is needed is to sign in to Youtube, there is a drop down menu below the player and click “Report”. For more information, you can follow the instruction on this link.

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Hackers Impersonate Crypto Exchange Gemini on YouTube

FCA-regulated crypto exchange Gemini exposed two fake YouTube channels on Twitter yesterday.

In brief

  • Crypto exchange Gemini has been impersonated by two YouTube accounts.
  • This kind of thing has been an issue in recent months.
  • Ripple CTO David Schwartz has also experienced problems with YouTube’s impersonation rules.
A hacker took over two YouTube accounts to appear as though they were associated with crypto exchange Gemini, according to a tweet from the company yesterday.

YouTube does not allow impersonations of people or channels on its platform, but impersonations remain an ongoing issue for the social media giant. On this occasion, the hackers rebranded the relevant YouTube accounts with Gemini’s brand name, as well as the crypto exchange’s logo. And Gemini wasn’t too happy.

“These scam accounts are not our company. We have reported these accounts to YouTube,” said Gemini’s official Twitter account yesterday.

What’s more, this is a problem that has appeared to persist for Gemini in recent months.

In October of this year, Twitter user Anndy Lian publicly asked YouTube to bring down fake videos that pretended to be associated with Gemini, as well as the crypto exchange’s co-founders and brothers, Tyler and Cameron Winklevoss.

“Come on YouTube, please get rid of this (sic) fake LIVE videos, 105,000 watching, 2800 likes. I am sure Tyler Winklevoss, Cameron Winklevoss, Gemini are not and will not run such schemes,” Lian said.

In July, Gemini itself addressed yet another scam alert, admitting it had been “getting DMs about fake Gemini profiles on various social media platforms.”

Gemini is not alone in running into problems on Youtube. Ripple CTO David Schwartz was banned in April for impersonating…himself. Looks like YouTube just can’t quite hit its mark.

Original Source: https://decrypt.co/50736/hackers-impersonate-crypto-exchange-gemini-on-youtube

Author: Scott Chipolina

This article is also in Russian and Turkish and is searchable on Google News.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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