Technology @lemmy.world yesman @lemmy.world 12mo ago

Hackers steal NFTs worth millions. In other news, NFTs worth millions.

www.theblock.co Hackers steal NFTs worth millions, from Apes to Art Blocks, in NFT Trader exploit

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.

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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
- I remember it used to be calculated on the lowest value extrapolated out so a gram of smoke was 20/25 bucks so a kilo of smoke "had a street value of 20,000 - 25,000."
- I also like the "10 Kilos of product was taken off of the street" which means like 12 grams of weed was turned into brownies
  
  4,000 pounds of weed removed from a single basement greenhouse

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