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@zkat__ ("kat marchán") retweeted:

@neurovagrant ("Ian") wrote:

oh lord

"That particular NFT had already been offered up once before as collateral for a loan that its previous owner defaulted on. That means that this JPEG has been part of a chain of loans and defaults, and now is in the hands of a third owner."

https://www.vice.com/en/article/v7e58j/people-are-taking-out-loans-against-their-nftsand-defaulting