Cryptocurrencies
Jim Chanos Says NFT Market Is Rife With ‘Nefarious Activity’
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The NFT market is rife with “nefarious activity” and conflicts of interest, short-seller Jim Chanos said.
“What I worry about is that affiliated parties are setting prices for some of these NFTs at auctions, or at so-called sales, with themselves in effect,” Chanos, founder of Kynikos Associates, said at the FT Live Conference Thursday.