I'll show you by buying them.

Iravan774

Hacker: Have you ever seen NFTs bought at cabbage prices? I'll show you by buying them.

When it comes to NFT artworks, we often associate them with high prices. It's not entirely our fault; after all, the NFTs reported are often in the range of thousands or even millions. This leaves us, common folks, bewildered, considering that a single artwork could cost us several decades' worth of salary. We wonder why NFT artworks are so expensive. Can't they be sold at a more reasonable price, like the cost of a cabbage? Hackers say: Can we buy NFTs at cabbage prices? Do you believe it? If not, let us demonstrate it for you.

Recently, the world's largest NFT marketplace, Opensea, was exposed to a hacker exploiting a vulnerability, forcing transactions of 'blue-chip NFTs' at 'cabbage prices,' causing Opensea to lose over $1 million in funds within a short 12-hour period. The hacker, within this timeframe, purchased at least 8 high-value NFT assets, including Bored Ape Yacht Club, Mutant Ape Yacht Club, Cool Cats, Cyberkongz, and others. One specific Bored Ape with the serial number #9991 was forcibly transacted at 0.77 Ether (approximately $1,848) and then resold for 84.2 Ether (approximately $202,000).

As a system, having bugs is inevitable. The issue lies in whether the system addresses these bugs when identified. In Opensea's case, they were aware of some vulnerabilities, but the official response and fix were delayed, leading to this unfortunate incident.

Kamal531

How can something virtual, something imagined by a person, be worth so much money?

Niti998

I don't understand why this is worth so much money.

Kabir903

Why have computer viruses and trojans decreased so much in recent years?

Pooja193

Not everyone can become a hacker, and not everyone can buy NFTs at cabbage prices.