this post was submitted on 17 Dec 2023
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Hackers steal NFTs worth millions. In other news, NFTs worth millions. (www.theblock.co)
submitted 1 year ago* (last edited 1 year ago) by yesman@lemmy.world to c/technology@lemmy.world
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The way I read the article, the "worth millions" is the sum of the ransom demand.

The funny part is that the exploit is in the "smart" contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.

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[–] ForgotAboutDre@lemmy.world 10 points 1 year ago

If the insurance company thinks the nft can't be stolen, it's money for no risk. That's why they would easily accept insuring an nft.

I think you misunderstood my comment.