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In this video tutorial, the instructor explains how to hack smart contracts on the blockchain, highlighting the vulnerability of many smart contracts to hacking. The method showcased is known as re-entrancy, which is a common way for smart contracts to be exploited. The video aims to provide viewers with a comprehensive understanding of this technique to help them protect their blockchain assets. If interested in becoming a blockchain master, viewers are encouraged to like the video, subscribe to the channel, and explore further learning opportunities on the topic.