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.

  • Honytawk@lemmy.zipEnglish
    21·
    1 year ago

    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

    • SCB@lemmy.worldEnglish
      12·
      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.