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Source: iStock/South_agency The US Federal Bureau of Investigation has confiscated over $260,000 worth of NFTs and cryptocurrency after a tip-off by pseudonymous blockchain sleuth ZachXBT. According to a forfeiture document published by the agency on February 4, the FBI has seized several assets from Chase Senecal, a resident of Brunswick, Maine, including 86.5678 ETH ($116,433) and two NFTs: Bored Ape Yacht Club #9658 ($95,495) and Doodle #3114 ($9,361). The agency also seized an Audemars Piguet Royal Oak Watch valued at $41,000. ZachXBT, a self-described crypto sleuth, made the seizure possible after conducting a thorough investigation of Chase Senecal, also known as HZ online. "After months and months of tracking their group it’s nice to know one of the main perpetrators (Chase Senecal) for NFT/crypto phishing attacks has been identified," they said in a September 1 tweet.  The crypto sleuth traced transactions relating to numerous N...

Source: AdobeStock / Rokas The first-ever exchange-traded fund focused on NFTs and metaverse assets has announced closure as the crypto winter continues to take more victims.  The Defiance Digital Revolution ETF, which is listed on the NYSE under the ticker NFTZ, will close down by the end of February, according to a recent press release. The fund will begin liquidating its portfolio assets starting February 16, and won't accept orders for new creation units after that day. "Prior to the Liquidation Date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for the Fund’s shares during that time period," the announcement said.  Launched in December 2021, the fund is provided by Defiance ETFs and is built to track the BITA NFT and Blockchain Select Index, an index that tracks blockchain-related companies and non-fungible tokens. Shares in the fund are down by more ...

Digital workshop at Porsche. Source: Porsche Despite its ambitious plans to venture into the non-fungible token (NFT) market, German luxury car brand Porsche has managed to sell only about 25% of its first collection of 7,500 tokens. In just over 24 hours, some 1,909 of the NFTs had sold for ETH 0.911 per unit, or about $1,414 as of 2 p.m. UTC today.  “Our holders have spoken,” the brand’s dedicated Web3-focused account said on Twitter. “We’re going to cut our supply and stop the mint to move forward with creating the best experience for an exclusive community. More info in the next hours.” Porsche’s NFT mint closed on Jan. 25, 6 a.m. UTC-5, according to the company.  The German auto maker first presented its NFT collection, which Features images of its iconic Porsche 911 Carrera sports car, at the Art Basel show last November, U.S. magazine Fortune reported. The brand promoted it as “rare, iconic and timeles...