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Hackers steal NFTs worth millions. In other news, NFTs worth millions. (www.theblock.co)

submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

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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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[–] [email protected] 81 points 10 months ago* (last edited 10 months ago) (2 children)

Sounds like a great way to make an insurance claim on a bunch of NFTs worth "millions" that you could not convince anyone to buy.

[–] [email protected] 31 points 10 months ago (1 children)

What insurance company is dumb enough to insure NFTs?

[–] [email protected] 7 points 10 months ago

Ones that understand the Internet and/or technology. And believe the "secure" hype.

[–] [email protected] 13 points 10 months ago (1 children)

I'd say more likely to be able to declare a capital loss on taxes.

[–] [email protected] 7 points 10 months ago

Can I carry that loss over for the next... 100 years or so?