The math prodigy whose hack upended DeFi won’t return funds
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Re: The math prodigy whose hack upended DeFi won’t return funds
#2This was an interesting read. The case is now in limbo until authorities can locate Medjedovic or he decides to appear.
“I did not steal anyone's private keys. I interacted with the smart contract according to its very own publicly available rules. The people who lost internet tokens in this trade were other people seeking to use the smart contract to their own advantage and taking on risky trading positions that they, apparently, did not fully understand.”
Re: The math prodigy whose hack upended DeFi won’t return funds
#3What’d he do that was illegal? Seems like he didn’t cheat and insider trading laws don’t seem to apply. Oops crypto is a unregulated market.
Re: The math prodigy whose hack upended DeFi won’t return funds
#4No post body was provided.
Re: The math prodigy whose hack upended DeFi won’t return funds
#5> His profile on one social network included a quote from Kurt Vonnegut's Cat's Cradle about the futility of humanity's quest for knowledge: “Tiger got to hunt, bird got to fly; Man got to sit and wonder ‘why, why, why?' Tiger got to sleep, bird got to land; Man got to tell himself he understand.”
Hey! He’s just like me.
> But did Medjedovic do this, or did the algorithm? Barry Sookman, a lawyer in Toronto specializing in information technology, says it's a distinction without a difference: “Individuals are responsible for the activities of technologies they control.”
This of course goes both ways — aren’t the index fund creators responsible for their technologies too?
Re: The math prodigy whose hack upended DeFi won’t return funds
#6What is interesting to me is how it shines a light on the regulatory framework of the non-crypto economy. If you read up on edge cases, there is a lot of people deciding if something is "fair", and my notions of fair and a particular judges notions of fair are often at odds.
To steal from Frank Zappa: Legal isn't the same as allowed, allowed isn't the same as fair, fair isn't the same as just, and just isn't music.
Re: The math prodigy whose hack upended DeFi won’t return funds
#7Code is law.
Re: The math prodigy whose hack upended DeFi won’t return funds
#8What’d he do that was illegal? Seems like he didn’t cheat and insider trading laws don’t seem to apply. Oops crypto is a unregulated market.
Stop regulating crypto! (Unless I've been hacked, then we need to regulate it)
Re: The math prodigy whose hack upended DeFi won’t return funds
#9The people who genuinely believe "code is law" are stunned to learn that: a) humans won't act "rationally", b) regulations exist for a reason, and c) no, the law is law, code is brittle.
Re: The math prodigy whose hack upended DeFi won’t return funds
#10You love to see it. Love to see crypto taking Ls.