Hackers steal NFTs worth millions, from Apes to Art Blocks, in NFT Trader exploit
www.theblock.co
The major hack may be the worst attack to hit the NFT community in its history, with millions of dollars in potential losses.

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.

  • stoyEnglish
    3·
    1 year ago

    Ok, lets disregard the regulatory issues, are you really asking people to sign up for a completely different ISP just to unlock their house with an NFT key?

    As for a delay to update ownership, fine that would add some leniency and is not an unresonable feature.

    But I just can’t see what problem an NFT key would solve, we don’t usually lock/unlock our front door with the deed of the home, what would the advantage be of doing that?