this post was submitted on 17 Dec 2023
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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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[–] shortwavesurfer@monero.town 31 points 1 year ago (4 children)

As crazy as it sounds, some people do.

[–] AbidanYre@lemmy.world 72 points 1 year ago (39 children)

They did. For like a week last year. Then everyone realized it was a scam.

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[–] TWeaK@lemm.ee 21 points 1 year ago (24 children)

It's a great way to launder money.

[–] CaptainSpaceman@lemmy.world 6 points 1 year ago (2 children)

Better than the current money laundering techniques? Using art appraisals to inflate assets and move dirty money, or straight up using banks like Deutsche or Credit Suisse (RIP) to move dirty money?

[–] Socsa@sh.itjust.works 5 points 1 year ago

The smart criminal understands the value of diversity.

[–] kautau@lemmy.world 1 points 1 year ago

I mean yeah, it’s better to launder money using a difficult to trace digital ledger. But no, the things you mentioned won’t go away, because there’s also money in the laundering, and double dipping is the name of the game

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[–] MonkderZweite@feddit.ch 4 points 1 year ago

Those who buy art and pack it in a safe until it's worth more?

Im glad that doesn't work as well in digital.

[–] Wollang@sh.itjust.works 3 points 1 year ago

Seth Green has entered the chat