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
160 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€“] [email protected] 1 points 1 year ago (1 children)

No, and that is exactly the problem.

They artificially inflate the price to make it seem more worth than it actually is.

It is a type of fraud

[โ€“] SCB -1 points 1 year ago

Things are worth what people will pay. People pay out the nose for diamonds and they are just shiny rocks and not particularly rare.