this post was submitted on 17 Dec 2023
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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 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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[–] merc@sh.itjust.works 4 points 1 year ago

Blockchain in general is a solution looking for a problem. Blockchain is just a terrible database that burns mountains of coal. In almost every case when someone suggests using blockchain for something, the simpler solution is to just use a standard database.