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.
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.
You can in fact insure things that it is possible to steal. Cars, bikes, household posessions, you name it. It’s quite common.
If the insurance company thinks the nft can’t be stolen, it’s money for no risk. That’s why they would easily accept insuring an nft.
I think you misunderstood my comment.