Re:Nomad drained of $150m due to a coding mistake
by Analemma_ on Tuesday August 02, 2022 @12:04PM
(#32320459)
The funniest part of all these stories is the part where they announce that they've "notified law enforcement". Yeah, this space is all, "woohoo, we're free from the Man! Code is law!", until an exploit is found and then they have to call on the State to enforce that "no, no, we need the people with guns to undo this transaction because it's not what we meant." It's like a living demonstration of why libertarianism fails.
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Re:Nomad drained of $150m due to a coding mistake
by cityzen on Tuesday August 02, 2022 @03:35PM
(#32323261)
There is an entertaining documentary series on HBO Max right now called The Anarchists which has the same types of scenarios. In fact in one scene a guy says, "we're anarchists, we can't call the cops!". It has some crossover with crypto as well.
Re:Nomad drained of $150m due to a coding mistake
by 676234e117 on Tuesday August 02, 2022 @12:25PM
(#32320765)
This might be surprising, but not every crypto user is a pure libertarian, or believes that code is law. A significant amount of funds extracted from this exploit were from whitehat hackers who took the funds and plan to return them, to avoid them being taken by malicious actors.