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 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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[–] Aceticon@lemmy.world 33 points 11 months ago (1 children)

Another interpretation is that it's all an insurance scam were something worthless is "stolen by hackers" and then claimed to be worth millions for the insurance claim.

But surely nobody in the "well known as impeccably honest" NFT world would ever do something like that!