Hackers steal NFTs worth millions. In other news, NFTs worth millions.
Hackers steal NFTs worth millions. In other news, NFTs worth millions.
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.
Accurate headline:
Millions of dollars lost as NFTs worth a total of $0 stolen
"Potential losses". I get the feeling that NFT owners got bit by the same bug that bit RIAA executives.
ITT: a handful of people starting to sweat about their NFT retirement strategy
Think of it like this, when people make drug busts and they find huge amounts of cocaine or whatever and they say oh this is 300 something mod a million is worth of stuff. No it's not. It's maybe like not even half that not even a quarter of that, they just make it up just to make their bust even bigger
One of the great thing about the AI revolution is that since generating infinite number of unique random (and commonly, bad) pictures of literally anything you can think of takes only seconds, the entire concept of NFT has become completely worthless as it completely destroyed the value-from-scarcity argument. Not that it ever was a good argument to begin with.
I guess the millions are in the transaction fees
Yeah the contract is how a few exchanges got stolen from in recent years
There were sufficiently stupid people to pay money for NFTs. They will sufficiently stupid people around to pay the ransom.
I'm having difficulty with the word "worth". It appears to be doing an awful lot of heavy lifting
People trying to discuss the topic have their posts pushed down while "lmao nfts" are voted up. How do you see someone saying, respectfully, "I think there's a benefit to this." and try to push down their contribution?
Anyone who wants a good discussion about news in this community, must leave this community. If you want to add context or opposing perspectives, better go elsewhere. You build a community like this and you get people who know Hans had a vibrator, because jokes and legit opinions are treated as interchangable.
I'm just here for the Fark style headline. Well played!
Insurance scam? Not too be cynical, but after the price dropped a year(?) ago there were a number of thefts for which there was speculation about them being insurance fraud.
Lol "worth"... that word is absolutely meaningless. This chewed gum I have is "worth" $2.7 billion dollars!!!
Can't even read the website, as the third modal, the newsletter modal, refuses to close. Yeesh.
That's crazy.
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https://bsky.app/profile/viktorwinetrout.bsky.social/post/3jyftmbckos25
Yeah I stole your ape pics. What are you gonna do, draw some police
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Does this post give anyone farker vibes?
The platform behind the smart contract has to issue a new smart contract and migrate people to it.