this post was submitted on 17 Dec 2023
526 points (95.5% liked)

Technology

59559 readers
3454 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 81 points 11 months ago* (last edited 11 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 11 months ago (1 children)

What insurance company is dumb enough to insure NFTs?

[–] [email protected] 7 points 11 months ago

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

[–] [email protected] 13 points 11 months ago (1 children)

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

[–] [email protected] 7 points 11 months ago

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