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@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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[โ€“] Honytawk@lemmy.zip 1 points 1 year ago (1 children)

The exchanges are basically cryptos banks. They hold your money, not you.

And they are much more prone to scamming you than any bank ever could.

[โ€“] shortwavesurfer@monero.town 0 points 1 year ago

They don't hold my money. I use them as they are supposed to be used. I get in, exchange my crypto, and then immediately withdraw it. They are not meant to hold your money. And true crypto people don't let them hold their money.