NFT market is awash with wash trading

Ben Rees (ben.rees@kellerlenkner.co.uk; 0208 057 7480) istechnical director and Mark Kenkre (mark.kenkre@kellerlenkner.co.uk;0208 057 7480) partner within the Investment Fraud and Mis-selling group atKeller Lenkner UK (www.kellerlenkner.co.uk).

It’s digital alchemy – large volumes of trading ofnon-fungible tokens are reported to be transacted by investors buying their owncryptographic tokens in order to inflate prices. The unregulated NFTmarketplace is a golden opportunity for scammers, write Ben Rees and Mark Kenkre of Keller Lenkner UK.