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MIT students stole $25M in seconds by exploiting ETH blockchain bug, DOJ says (arstechnica.com)

submitted 6 months ago* (last edited 6 months ago) by [email protected] to c/[email protected]

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Brothers charged in novel crypto scheme potentially face decades in prison.

Case file: https://cdn.arstechnica.net/wp-content/uploads/2024/05/US-v-Bueno-Sealed-Indictment-5-15-2024.pdf

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[–] [email protected] 9 points 6 months ago (1 children)

"code is law" That's the whole point of cryptocurrency shit.

So if the software gave the money to them, they can't possibly have stolen it. By definition, they were lawful.

[–] [email protected] 5 points 6 months ago (2 children)

I'll give you that argument as to wire fraud charges, since the whole charge is so broad that it can apply to anything, but the conspiracy to commit money laundering charge is undisputed. Dudes even did searches about that...

[–] [email protected] 7 points 6 months ago* (last edited 6 months ago)

You can't launder whats rightfully yours though. Googling for stuff isn't illegal. And even if it is a crime, I've heard plenty of arguments that's crypto isn't money though.

I'm only being semi facetious.

[–] brlemworld 2 points 6 months ago

I'm sure the way the government found out about the searches was an illegal act of the government.