They borrowed NFTs, made $1.1 million in minutes

1 min read

graphic image of NFT ART

This is the thirteenth article in our 15 part series.

Take a look at this:

Fraud? Savvy? I’ll let you be the judge.

Earlier this year, Bored Ape Yacht Club announced their new token APE.

To reward their NFT holders, they were going to receive airdropped tokens into their wallets.

Now, in case you didn’t know it, BAYCs have been worth millions. With the lowest being around $230,000.

And this is where crypto gets powerful…or dangerous – depending on your perspective.

Seeing the opportunity, a person initiates a transaction (most likely a flash loan) and borrows the NFTs to claim the tokens.

And just like that, they’re a millionaire in one day.

Personally, I think it was a brilliant move. But some see it as stealing.

Regardless of which side of the fence you’re on with this story, I want to draw out the amazing opportunities that crypto brings…if we think a little outside the box.

With creativity and the power of DeFi, we can truly create wealth for ourselves.

And we can do it in an accelerated fashion.

By now, you have to know that crypto isn’t going anywhere. It’s here to stay.

The only question is, will you begin to take action and benefit?

Begin to educate yourself on the possibilities that exist and make a plan to prosper from them.

It can do wonders for you and your family’s future.

P.S. – I realize by now that you might want to board the crypto train if you haven’t already. So in the next article, I’ll lay out how to get funds in and out of the cryptosphere.

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