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Re:DAOs, Hacks and the Law by stevecalifornia on Friday June 17, 2016 @08:23PM (#11926357)
What is the illegal act that occurred?
Re:DAOs, Hacks and the Law by will_brown on Friday June 17, 2016 @08:39PM (#11926419)
Nothing yet, but if the funds get released to the hacker(s), that would trigger a few criminal statutes I can think of.

For example, imagine a world where I solicit a bunch of investors money under contract. In the contract I included a provision, no one read, that says any of the member can simply take all or part of the groups investment funds. Then that 1 member who actually read the contract appropriates ~$40M of my investors' money. Sound similar enough? Well there is nothing magical about the DAO or the non-DAO contract that would protect me or the member who appropriated the money from liability, civilly and/or criminally.

What are the potential crimes that could be charged? theft, criminal misappropriation, breach of trust, fraud, conspiracy, computer crime, securities fraud, and/or wire fraud. Now I am not saying all these would be charged and if so found guilty on all counts, but as a defense attorney they roll off my tongue.