NFT Scam That Cost My Colleague $20,000
My colleague Ryan was excited about NFTs. He found an exclusive NFT drop for a project called MetaBeasts, where the first 1,000 buyers would get special privileges in the metaverse.

He bought five NFTs for $20,000. A week later, the developers removed all social media pages and transferred the funds to anonymous wallets.

The project had been a complete scam, and the NFTs were worthless.