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NFTs Worth $100M Reported Stolen Over Past Year: Elliptic
Thefts in May 2022 topped the list in in terms of value with 3,473 NFTs worth $23.9 million stolen.

Non-fungible tokens (NFT) worth $100.6 million were reported stolen over the 12 months ending in July, according to a new report by blockchain analytics firm Elliptic.
Thanks to crypto winter, the value of stolen NFTs topped out in May at $23.9 million, and then tumbled to just $5 million in June and $3.9 million in July. The volume of thefts, however, continues to rise – from 3,473 in May to 3,712 in June and then to 4,647 in July.
Elliptic also found that over $8 million worth of illicit funds has been laundered through NFT-based platforms since 2017. Meanwhile, a further $328.6 million was laundered through services like crypto mixers.
Tornado Cash, the mixer recently sanctioned by the U.S., was the source of $137.6 million of crypto assets processed by NFT marketplaces.
London-based Elliptic is an analytics firm that provides the blockchain industry with compliance and anti-money laundering software.
Read more: Elliptic Introduces Product to Track Crypto Flows Across all Blockchains in Single Screening
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
