NFTs or Non-Fungible Tokens have been around for quite some time now. They made their debut on the Ethereum blockchain with the launch of CryptoKitties in late 2017. However, the NFT space has seen its fair share of controversy and drama since then. In this blog post, we will take a look at some of the worst moments in NFT crypto history till date.
The launch of CryptoKitties was plagued with problems from the start. The game was flooded with fake Kitties, causing the prices of genuine Kitties to drop significantly. In addition, there were numerous reports of users losing their tokens or having their accounts hacked.
In February 2018, a hacker managed to steal over $200,000 worth of ERC20 tokens from several users’ wallets. This included tokens from popular projects such as Decentraland and Gods Unchained.
Later that year, in July 2018, a security vulnerability called “the DAO hack” was exploited by an unknown attacker, resulting in the theft of over $50 million worth of Ethereum. One of the victims was Decentraland, which lost over $30 million worth of tokens in the attack.
In November 2018, a hacker managed to steal over $150,000 worth of ERC20 tokens from the Enjin wallet. The stolen tokens belonged to users of popular games such as FIFA Ultimate Team and CryptoKitties.
These are just some of the worst moments in NFT crypto history till date. There have been other controversies and scams that have rocked the NFT space, but we will not be able to cover them all in this blog post. It is clear that the NFT space is still in its early days and has a lot of growing up to do. Hopefully, these incidents will serve as lessons for developers and investors alike, and help to make the NFT space a safer and more stable place in the future.
What do you think is the worst moment in NFT crypto history till date? Let us know in the comments below!