Hot-ticket tokens

Non-fungible tokens are all the rage in the crypto world, potentially revolutionizing the sale of everything from art to real estate. But their complexity and the public’s poor understanding of the new technology make NFTs perfect vehicles for fraudsters.

What do robot-generated art, baseball cards, video games, pet rocks, music albums, a tweet from Twitter CEO Jack Dorsey and an Anthony Hopkins film all have in common? They’ve all been sold as non-fungible tokens (NFTs), the latest hot trend in the crypto world. And their versatility as digital assets, abstruse nature and soaring value almost ensure that fraud examiners will be encountering them in coming years.