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Or a high class form of pump and dump. "Sell" a worthless digital asset to an accomplice for a crazy sum of money, refund the money under the table, and use the

Or a high class form of pump and dump. "Sell" a worthless digital asset to an accomplice for a crazy sum of money, refund the money under the table, and use the resulting press to sell more worthless digital assets to gullible marks.

eli 6y ago
It doesn't need to be that explicit. There's no doubt a group of people who already have large crypto holdings and who stand to make even more if NFTs take off. They can just buy and sell things amongst each other.
- tomp 6y ago
  Indeed. What’s 60m for a cryptowhale who might make or lose that much with BTC daily moves.
- sktrdie 6y ago
  Sure but you have to really trust each other. Oh wait, it can all be the same person!
jl2718 6y ago
This seems more plausible than money laundering. Probably also with physical art.