this post was submitted on 16 May 2024
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Here is a more detailed explanation of the exploit.
So hardly an attack on any core system of cryptocurrencies.
So they discovered faulty code and made some money?
Can anyone explain to me how this is illegal?
The code is a contract. If someone writes bad code and loses money, then write better code - just like if someone writes a bad legal contract and loses money.
The justice system is awful.
Doesn't sound a huge deal different to High Frequency Trading, and Wall Street nobheads fall over themselves to exploit that.
Sounds to me that the difference is they exploited a bug to get private information in order to game the bots.