According to blockchain analysis firm Elliptic, over $100 million in NFTs have been stolen in the last year. The report titled "NFTs and Financial Crime" focussed on nefarious Crypto activity between July 2021 to July 2022. In addition, over $8 million in illicit funds has been laundered using NFTs. The report also noted that cybercriminals netted an average of $300,000 per scam