Nanotechnology is gaining wider acceptability in the global system because of the wider scope of its applications and the vast expectations for future demands. However, some research documents have reported on the potential toxicity of some nanoparticles to life, but the current status in our society seems to be much more concerned with the advantages than the considerations of both factors. It seems indicative that a critical review of the toxicological consequences of nanoparticles should move forward in Pari Pasu with researchers working on their existing and newer applications. However, this cannot be achieved without sound ethical considerations. The ethical concern should embrace opposition to the use of nanoparticles in the fabrication of lethal autonomous weapons, unbiased evaluation of hazards and risks, nonmaleficence, etc. This literature-based review examines nanoparticle ethics and ecotoxicity.