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 to c/technology
161 comments fedilink hide all child comments
 

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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[โ€“] CaptainSpaceman -5 points 1 year ago

Its hard to be definitive, especially from one data point, but theres no doubt that lots of NFTs are just copycats trying to ride the coattails of other succesful projects, and end up flooding the market with garbage.

But that doesnt mean all projects are garbage, nor that the tech is bad or unutilized.

I had a feeling id get flamed by even mentioning NFTs, so im not surprised a the downvotes or derision. Anyways, have a good one ๐Ÿ˜ƒ