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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 [email protected] to c/[email protected]

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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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[–] [email protected] 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?

[–] [email protected] 5 points 1 year ago

The smart criminal understands the value of diversity.

[–] [email protected] 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