Six Charged in US Over Alleged Madagascar NFT Wallet-Draining Scheme
Edited by Steinar Vigdel Kolnes, Editor, Oslo
An FBI affidavit estimates at least $516,695 in losses across 74 victim-linked wallets in an alleged NFT-related scheme, The Defiant reports.
US authorities have charged six people in connection with an alleged wallet-draining scheme involving Madagascar NFTs, according to The Defiant.
An FBI affidavit puts estimated losses at no less than $516,695 across 74 wallets linked to victims. The wallet count does not necessarily represent the number of people affected.
The affidavit also describes unlimited spending approvals for USDT. Such permissions can allow an authorized address or smart contract to transfer tokens from a wallet without seeking approval for each transaction.
The charges concern alleged conduct, and the information provided does not establish a finding of guilt.
Source: The Defiant
