this post was submitted on 17 Dec 2023
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634
Hackers steal NFTs worth millions. In other news, NFTs worth millions. (www.theblock.co)
submitted 7 months ago* (last edited 7 months ago) by yesman@lemmy.world to c/technology@lemmy.world
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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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[–] CaptainSpaceman@lemmy.world 6 points 7 months 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 7 months ago

The smart criminal understands the value of diversity.

[–] kautau@lemmy.world 1 points 7 months 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