Share this article
NFTs Worth $100M Reported Stolen Over Past Year: Elliptic
Thefts in May 2022 topped the list in in terms of value with 3,473 NFTs worth $23.9 million stolen.
Updated May 11, 2023, 6:52 p.m. Published Aug 24, 2022, 3:01 p.m.
Non-fungible tokens (NFT) worth $100.6 million were reported stolen over the 12 months ending in July, according to a new report by blockchain analytics firm Elliptic.
Thanks to crypto winter, the value of stolen NFTs topped out in May at $23.9 million, and then tumbled to just $5 million in June and $3.9 million in July. The volume of thefts, however, continues to rise – from 3,473 in May to 3,712 in June and then to 4,647 in July.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Elliptic also found that over $8 million worth of illicit funds has been laundered through NFT-based platforms since 2017. Meanwhile, a further $328.6 million was laundered through services like crypto mixers.
Tornado Cash, the mixer recently sanctioned by the U.S., was the source of $137.6 million of crypto assets processed by NFT marketplaces.
London-based Elliptic is an analytics firm that provides the blockchain industry with compliance and anti-money laundering software.
Read more: Elliptic Introduces Product to Track Crypto Flows Across all Blockchains in Single Screening
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
