Sei pays out $2M bug bounty

Re:Sei pays out $2M bug bounty by Sephr on Monday June 17, 2024 @04:53PM (#40710922)

Taking advantage of bad contracts can be legal depending on various nuanced circumstances. If the potential payout is lucrative, then it makes sense to consult with legal counsel first.

I am not making a judgement about this specific case.

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Re:Sei pays out $2M bug bounty by jaundicedave on Monday June 17, 2024 @05:04PM (#40711052)

tell that to avraham eisenberg https://www.axios.com/2024/04/18/avi-eisenberg-convicted-cry...

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Re:Sei pays out $2M bug bounty by Sephr on Monday June 17, 2024 @05:17PM (#40711170)

That person committed fraud. My point wasn't even about cryptocurrency or DeFi.

Here's a simplified hypothetical example to help you understand the legal nuance: I offer all of my money to the first person that can solve 5x5, and I errantly believe that it's a difficult problem to solve.

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Re:Sei pays out $2M bug bounty by Vegenoid on Monday June 17, 2024 @06:08PM (#40711660)

Can you provide a more real-world example? I don't understand what point you are making, if it isn't about making money via cryptocurrency. When you say "bad contracts", I assume you are talking about smart contracts. Is that not the case?

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