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.
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.
How do you steal a hyperlink to a jpeg
"Do I look like i know what an NFT is?
I just want a picture of some gaht dang shitposts."
And why should any sane person care if you did?
It’s a digital file. Copies are exactly the same as the original.
Just because the suckers that bought them paid millions doesn’t mean that the NFTs are worth millions.
I’m worth millions, but I’m paid jack shit :(
There were sufficiently stupid people to pay money for NFTs. They will sufficiently stupid people around to pay the ransom.
Lol “worth”… that word is absolutely meaningless. This chewed gum I have is “worth” $2.7 billion dollars!!!
I guess the millions are in the transaction fees
I’m having difficulty with the word “worth”. It appears to be doing an awful lot of heavy lifting
Can’t even read the website, as the third modal, the newsletter modal, refuses to close. Yeesh.
Did they steal all NFTs?
ITT: a handful of people starting to sweat about their NFT retirement strategy
…Been a minute since I’ve seen this fark headline meme.
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.
