"Code as law" was attempted as a defense in another token-related "hacking" case.

It didn't work there, and it won't work here either.

If you end up using the legal system to remediate undesired transactions, what's the point of cryptocurrencies in the first place?

That is a philosophical argument completely unrelated to whether or not something is illegal. Cryptocurrencies aren't a replacement for the law, nor do they stand outside of it.