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Hackers steal NFTs worth millions. In other news, NFTs worth millions. (www.theblock.co)

submitted 11 months ago* (last edited 11 months 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 11 months 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.