A special agent from the Internal Revenue Service has warned that non-fungible tokens (NFTs) and cryptocurrencies are highly susceptible to fraud and manipulation as they grow in popularity. Speaking at a virtual event held on Tuesday by the USC Gould School of Law, Ryan Korner from the IRS Criminal Investigation’s Los Angeles field, said that both NFTs and cryptocurrencies are becoming a growing area of concern for regulators and tax collectors as they’ve steadily become more mainstream. “We’re just seeing mountains and mountains of fraud in this area,” Korner said, according to Bloomberg. An NFT is a digital asset that uses blockchain technology to record the ownership status of digital objects like artwork, music, and even memes. They are non-fungible, meaning they are one-of-a-kind and are generally purchased using the cryptocurrency of the Ethereum blockchain. Interest in the global NFT market has surged in recent years, hitting $22 billion in 2021 compared to just $100 million in 2020, according to data from DappRadar. Due …