NFT Theft

Definition ∞ NFT theft is the unauthorized transfer or appropriation of a non-fungible token (NFT) from its rightful owner’s digital wallet. This typically occurs through phishing scams, compromised private keys, or vulnerabilities in smart contracts or marketplaces. Unlike fungible token theft, NFT theft involves unique digital assets, often with significant individual value. It represents a direct loss of a distinct digital property.
Context ∞ News extensively covers instances of NFT theft, highlighting the financial losses and security concerns within the digital collectibles market. The discussion often focuses on improving wallet security, user education regarding malicious links, and the role of marketplaces in mitigating such incidents. Efforts to recover stolen NFTs and enhance platform security are ongoing priorities.