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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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BAYC Owner Scammed for NFTs Worth $567K with Fake PNGs

A Bored Yacht Club (BAYC) NFT owner was scammed for at least $570,000 after the victim was tricked into exchanging their NFTs for worthless PNGs.

by Aaron Limbu
Apr 06, 2022

CRYPTOCURRENCY

BAYC Owner Scammed for NFTs Worth $567K with Fake PNGs

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