The US government has started blocking NFT tokens.
Throughout the year, non-interchangeable tokens or NFT have been in the spotlight, provoking sometimes frankly unhealthy interest of figures of all stripes. However, this week the story took an unexpected turn – the US Office of Foreign Assets Control directly ordered the blocking of a number of NFT tokens. According to experts, this is quite justified – and for sure this is only the beginning of a big war between the authorities and an ambiguous industry.
It all started with the claims of the US federal services to the Latvian Chatex trading platform, where traces of hacker activity led. Allegedly, with the help of NFT tokens of dubious value, funds obtained from the use of blocking programs and other crimes in the cyber sphere were laundered here. There was enough evidence – both to block the site itself and to compile an extensive list of suspicious digital assets.
Representatives of the American NFT exchange OpenSea confirmed to the media that they have introduced automatic blocking of tokens from the sanctions list. They are not destroyed, but no operations with tokens can be performed now, they are not even displayed in the general list. The owners of such assets probably still have to have detailed conversations with the investigation, so the evidence should be preserved.
The simplicity of creation, ease of exchange, the value of NFT tokens, which is not tied to anything and is not justified in any way, as well as the possibility of their multiple resale, have made this asset a convenient tool for fraud. Actually, this is not hidden – a considerable part of the current owners of tokens have nothing to do with the field of art, they are financial speculators or traders. The situation is very similar to another “gold rush”, which naturally attracts the attention of dishonest people.