FINRA metaverse warning, Lazarus NFT attack, Thiel backs NFTs: Nifty Newsletter

Lazarus Group used a fake playable NFT game to steal wallet credentials through a vulnerability on Google Chrome. 

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In this week’s newsletter, read about how the Financial Industry Regulatory Authority (FINRA) urged its members to be mindful of their regulatory obligations as they explore metaverse technologies, find out how North Korean hackers used a non-fungible token (NFT) to steal wallet credentials, and how Peter Thiel’s fund pushed Infinex NFT investments to $67.7 million. In other news, the Independence Day director is working on a TV series based on a Web3 game. 

FINRA published a report providing potential regulatory implications for finance and securities companies that operate in the metaverse. The non-governmental, self-regulatory organization said that members of FINRA should be mindful of the metaverse’s implications to their regulatory obligations. 

In the report, FINRA highlighted that metaverse global revenue may reach $800 billion in 2024 and is expected to contribute over $3 trillion to the global gross domestic product by 2031. 

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