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by BlackFly
432 days ago
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You'll need a stronger defense than that in court because courts absolutely create and deal in gray areas where technical fine lines exist. What you need to argue is that the the smart contracts were valid contracts that the creators intended to and had opportunity to understand and that their creation was their act of negotiation of a position. It isn't really a stretch, but with amounts like this probably more diligence would have been due than that. Calling it theft is ridiculous on the other hand. |
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He's charged with:
1) wire fraud (the smart contracts/swap exploit)
2) unauthorized damage to a protected computer (running the exploit on the ethereum network)
3) attempted hobbs act extortion (contacting kyberswap to attempt to gain control of kyberswap in exchange for return of some of the crypto)
4) money laundering conspiracy
5) money laundering (knowingly laundering the proceeds of the previous, including paying an undercover agent to help bypass a blacklist to do so)
[1] https://www.justice.gov/usao-edny/media/1388036/dl?inline