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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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[–] AbidanYre@lemmy.world 6 points 11 months ago

The only person providing any sources here would put that $5.5b market cap (if it's accurate) at 1/4 of what it was two years ago.

That's one hell of a crash and burn.