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MIT Students Stole $25 Million In Seconds By Exploiting ETH Blockchain Bug, DOJ Says (slashdot.org)

submitted 3 months ago by 0nekoneko7@lemmy.world to c/technology@lemmy.world

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[–] General_Effort@lemmy.world 3 points 3 months ago (2 children)

No one ever said ATM-code is law. Ethereum code is supposed to be. Code is law is one of their slogans.

Everything that a blockchain does could be handled by a single office computer. The whole reason for the huge, expensive over-head is to put crypto beyond the law. Stuff like this exposes the whole, huge waste of human effort.

[–] qwerty@discuss.tchncs.de 2 points 3 months ago

Code is the law of the blockchain, his transaction wasn't reverted, he got caught irl. It's like saying constitution isn't law because laws of physics don't prevent murder.

[–] possiblylinux127@lemmy.zip 2 points 3 months ago

It isn't above law.