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 10 months ago* (last edited 10 months 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] 19 points 10 months ago (2 children)

Think of it like this, when people make drug busts and they find huge amounts of cocaine or whatever and they say oh this is 300 something mod a million is worth of stuff. No it's not. It's maybe like not even half that not even a quarter of that, they just make it up just to make their bust even bigger

[–] [email protected] 12 points 10 months ago (1 children)

I remember it used to be calculated on the lowest value extrapolated out so a gram of smoke was 20/25 bucks so a kilo of smoke "had a street value of 20,000 - 25,000."

[–] [email protected] 7 points 10 months ago (1 children)

I also like the "10 Kilos of product was taken off of the street" which means like 12 grams of weed was turned into brownies

[–] [email protected] 3 points 10 months ago

4,000 pounds of weed removed from a single basement greenhouse