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

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

122 comments fedilink hide all child comments

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 1 year ago* (last edited 1 year 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 1 year ago (1 children)

What insurance company is dumb enough to insure NFTs?

[–] [email protected] 7 points 1 year ago

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

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

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

[–] [email protected] 7 points 1 year ago

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