NFT scams are back – here is how to avoid scams in over -the -counter trades

Non -pounded tokens are back in business and trading resumes. In recent weeks, the global non -fascinable tokens market has experienced unprecedented growth, marked by a significant increase in sales volume and soil price values. However, the recent market resurgence has also led to an increase in scams and other fraudulent activities. In this article, we will assess some of the tips that crooks often use and how to navigate them.

NFT scams are back – Stay safe

The world market for non -bubble tokens again shows signs of life in July after months of decline. For such a time, most of the collectors buy NFT on markets like Magic Eden, Blur and Opensea, but sometimes they pursue “ONC) offers where two NFT traders have set up a unique price or exchange. Over -the -counter trading is one of the most adopted NFT trading because it helps collectors get the exact NFT they want, as they can negotiate with the owner of a specific NFT rather than buying something on the “soil” of a market.

Nevertheless, there is a big problem with the over -the -counter professions which makes it one of the most dangerous things that traders can do in NFT. Since the over -the -counter markets are generally subject to less strict regulations compared to exchanges, they become more sensitive to manipulation and fraud. In most cases, crooks like to steal the NFT by deceiving the owner during the over -the -counter trade process.

NFT OTC trading, which involves direct transactions from NFT between parts outside of a public exchange, can be some unsure if it is made via renowned platforms and with appropriate precautions. However, it also includes risks such as counterparty risk, the potential for scams and the lack of transparency in relation to negotiations on a scholarship. Since 2021, most NFT investors have undergone enormous losses in millions of NFTS dollars through false over -the -counter trades. In 2025, the same NFT scams returned to importance.

How do I OTC NFT scams occur?

Since many NFT markets do not facilitate over -the -counter trading. These professions use “private list” features where a portfolio lists an NFT at a specific price for a different portfolio. Only the specified portfolio is authorized to make the purchase. It is an excellent tool when someone says that he is ready to pay a certain amount for an NFT – you can just create a private list and have it buy it!

Interestingly, many over-the-counter tools are increasingly focused on the guarantee that the parties to negotiation can do so in a secure manner, for example by offering a profession in mind and the platform by notifying the recipient. However, many over -the -counter transactions are negotiated in private in direct messages or trading channels in a Discord server and on Telegram. This private negotiation is how most over -the -counter scams have taken place in recent days. So, let’s discuss the way in which the over -the -counter scams really occur.

There are several ways in which NFT traders can be scammed through over -the -counter trades. One of the most common over -the -counter scams today is really a phishing technique. In this trick, the crooks create accounts of legitimate appearance to infiltrate the NFT communities here on X and other platforms. They will often win legitimate subscribers of these communities, which gives them credibility when they start sending NFT messages to potential NFT transactions.

The crooks would start by sending DM to the community holders they noted expressing some interest in buying their NFT. They will often negotiate slowly and deliberately so that the seller feels safe and reduce the “red flags”. They will often make offers just above the price of the ground of an NFT, but not so high that it seems too good to be true. In most cases, they offer agreements with more flexibility of payment.

Finally, the crooks would send the victims a link to an OTC NFT market or an NFT commercial market where they claim to have sent them an “offer”. In most cases, crooks could also direct traders to a “new” over -the -counter market they promote. They often use an excuse like “I want to cultivate X2Y2 for the points” or “Opensea does not work for me” to force you to their favorite site. Once trader click on their links, they end up drained.

Here’s how you can stay safe!

Following some simple rules will help you navigate these professions and avoid scams. If someone in a DM says he has sent you a job, you can confirm if this is true by connecting directly to the NFT website and validating that your counterpart really has what he says. In addition, use the OTC tool to make sure they really suggest sending you the NFT or the crypto you want, instead of a version to be eliminated or a “right click” JPEG.

NFT traders are also invited to use a specific portfolio for sale and trading. In most cases, over -the -counter transactions will require approvals of smart contracts. In this context, the maintenance of the assets you plan to sell in the wallet with which you exchange will eliminate the risk for the rest of your NFT if you have several NFTs from a single collection. In addition, if your counterpart is pressure to use a platform you have never heard of or if he claims to have problems with well-known tools, run away!

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