Austrian Programmer and Ex Crypto CEO Likely Stole $11B of Ether
forbes.com
forbes.com
The actual crime featured in the article is an exchange employee leaking transaction details of one their customers.
I also wonder how we could possibly take something out of Chainalysis' black box as anything but a silly gag. It's supposed to be valid because they swear by it?
The crux of the matter is the special nature of immutable programmatic contracts and the ledger not being in any one jurisdiction, and whether or not this makes it a special case and a new body of law is necessary.
Unfortunately it's unlikely that the courts will see it that way, but they're not exactly keeping up with the global nature of the internet either, let alone blockchains. Is it implicit that by interacting with an on-chain contract you're inherently accepting its terms in a legally binding way?
We just need Team America to swoop in and "Save The Day™" with an extraordinary rendition and 30 years of entirely justified and "Absolutely Not Cruel™" solitary confinement - a proportionate and career making response for some ladder climbing crime fighting desk jockey at the DOJ.
A minority disagreed and followed the original chain, which continues to this day and can be traded on major exchanges. You can buy and sell on either or both of those chains, or not, as you like. So given all that, is there still a problem?
The culprit possibly extracted up to 11 million, but all the rest of the crypto stash is toxic. And now he's gonna have to talk to some nice men with badges, if someone gets interested in a token crypto criminal takedown.