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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Accurate headline:

Millions of dollars lost as NFTs worth a total of $0 stolen

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“NOOOO! I PAID 250.000 FOR THAT GIF!!!” 😧

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*token representing a gif

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*

** token linking to a gif somewhere on the internet

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No one is gonna buy any NFTs for millions lmao

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As crazy as it sounds, some people do.

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They did. For like a week last year. Then everyone realized it was a scam.

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I do see potential use for them, but not in the way they are currently being used. I could see uses like door keys, tickets, memberships, etc being of practical value, but not stupid little pictures.

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