Hackers steal NFTs worth millions, from Apes to Art Blocks, in NFT Trader exploit
www.theblock.co
The major hack may be the worst attack to hit the NFT community in its history, with millions of dollars in potential losses.

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.

  • AA5B@lemmy.worldEnglish
    181·
    1 year ago

    I think of it like timeshare values. They’re really high …. Until you try to find someone who will actually buy it

    • mhague@lemmy.worldEnglish
      19·
      1 year ago

      The person talking out of their ass is voted up.

      The person bringing up facts is voted down.

      The person posting dismissive nonsense is voted up.

      Gross.

      • AbidanYre@lemmy.worldEnglish
        6·
        1 year 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.