Jim Chanos, a big short seller, said on Thursday that the NFT market was full of "evil activities" and conflicts of interest.
"my concern is that related parties set prices for some NFT in auctions or so-called sales, which are actually set by themselves," Chanos said at an event on Thursday. "
Mr Chanos said traders could set false, inflated market prices and then issue another set of NFT for the public to buy at a so-called steep discount. "so they can profit from the tenfold growth they just made. It's as old as the market. This is the money laundering transaction. "
However, he added that it would be difficult to regulate cryptocurrencies.