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MIT Students Stole $25 Million In Seconds By Exploiting ETH Blockchain Bug, DOJ Says (slashdot.org)
submitted 2 years ago by to c/technology@lemmy.world
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[–] 30 points 2 years ago (4 children)

You withdraw cash at an ATM but the software has faulty code which causes your balance to remain the same after withdrawing any amount.

You notice this and then empty the entire ATM this way, making $200,000. I'm sure once you explain to the jury that the ATM just gave you a bad contract, they will acquit you.

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  • [–] 3 points 2 years 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.

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