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NFT theft hit $100 million in the year that ended July 2022. | Business Insider

NFT theft hit $100 million in the year that ended July 2022.

(An NFT is essentially a digital collectible. Think of it like a virtual painting or baseball card.)

One of Nike's top virtual-collectibles executives had an estimated $173,000 of NFTs stolen from his crypto wallet this month.

Experts said it's unlikely the assets will get recovered, but said there are simple ways to protect NFTs.

Click here for the full breakdown.

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