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.
Just because the suckers that bought them paid millions doesn’t mean that the NFTs are worth millions.
Can’t even read the website, as the third modal, the newsletter modal, refuses to close. Yeesh.
There were sufficiently stupid people to pay money for NFTs. They will sufficiently stupid people around to pay the ransom.
Lol “worth”… that word is absolutely meaningless. This chewed gum I have is “worth” $2.7 billion dollars!!!
One of the great thing about the AI revolution is that since generating infinite number of unique random (and commonly, bad) pictures of literally anything you can think of takes only seconds, the entire concept of NFT has become completely worthless as it completely destroyed the value-from-scarcity argument. Not that it ever was a good argument to begin with.
