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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[–] Treczoks@lemmy.world 8 points 1 year ago

There were sufficiently stupid people to pay money for NFTs. They will sufficiently stupid people around to pay the ransom.

[–] ShunkW@lemmy.world 7 points 1 year ago

Yeah the contract is how a few exchanges got stolen from in recent years

[–] MNByChoice@midwest.social 6 points 1 year ago

Insurance scam? Not too be cynical, but after the price dropped a year(?) ago there were a number of thefts for which there was speculation about them being insurance fraud.

[–] solidgrue@lemmy.world 6 points 1 year ago

I'm just here for the Fark style headline. Well played!

[–] the_q@lemmy.world 4 points 1 year ago

Lol "worth"... that word is absolutely meaningless. This chewed gum I have is "worth" $2.7 billion dollars!!!

[–] thejodie@programming.dev 3 points 1 year ago

Can't even read the website, as the third modal, the newsletter modal, refuses to close. Yeesh.

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