According to the research of Elliptic, a cryptocurrency risk management company, more than $100 million NFTs were stolen by criminals starting in 2021. In the 13 months between July 2021 and July 2022, crypto users have fallen prey to NFT-related frauds. Most of the tokens were stolen in July 2022, an estimated 4,647 assets, and the highest value in May 2022, an estimated $23.9 million.