NFT marketplace halts transactions due to ‘rampant’ counterfeiting

Cent is an American NFT marketplace best-known for hosting the auction of an NFT of former Twitter CEO Jack Dorsey’s first tweet—one of the earliest NFTs to sell for over a million dollars’ worth of cryptocurrency. Cent has now had to halt most of the transactions taking place there, with its CEO Cameron Hejazi telling Reuters that users trying to sell counterfeit digital assets were “rampant”.

“It kept happening”, Hejazi said. “We would ban offending accounts but it was like we’re playing a game of whack-a-mole… Every time we would ban one, another one would come up, or three more would come up.”

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