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Two Brothers Arrested for Attacking Ethereum Blockchain via MEV
- alexnewman 2y agoCode as law
- arlcode 2y agoSince the hype is now solidly in the past even the few remaining true believers will begin to realize that "the law" must ultimately be backed by the capability to batter down doors and arrest people. I wouldn't be surprised if the two defendants deluded themselves into believing that laws are not written in such a way as to allow the prosecution of old crimes in new clothes.
- nativeit 2y agoOnly as much as the front-running MEV bots themselves, who are clearly engaging in the exact same behavior that's long been criminal on traditional financial markets. Why should these two be held to a different standard, all of a sudden?
- UncleEntity 2y ago> As we allege, the defendants’ scheme calls the very integrity of the blockchain into question. While I don't condone stealing magic numbers from people this seem like the real story here.
- vitiral 2y agoIf crypto isn't protected by its own cryptography and must instead be protected by the government then what in the f@*k is the point of crypto again?
- numtel 2y agoSo would they have been fine if they extracted MEV but didn't try to hide the income from the government? Seems like this is less about MEV and more about hiding their actions?
- beaeglebeachedd 2y ago[flagged]
- joshstrange 2y agoSo is crypto a currency or not? Is code law or not? Honestly I think the only crime they should be charged with is tax evasion. Crypto bros really want to eat their cake and have it too...
- naikrovek 2y agoDoesn’t have to be currency to have an associated value in currency. Theft is theft.
- naikrovek 2y agoNo one going to define “MEV”? The article doesn’t mention this term and this post doesn’t define it. Writing 101… doesn’t matter if I can find out elsewhere. You can include a few words or you can have half your readers look it up. One is courtesy, the other is a writing/reporting disaster.
- mikestew 2y agoA pretty decent explanation of "Maximum Extractable Value" here: https://www.coindesk.com/learn/what-is-mev-aka-maximal-extractable-value/ https://www.coindesk.com/learn/what-is-mev-aka-maximal-extra...
- beaeglebeachedd 2y ago[flagged]
- deleted 2y ago[deleted]
- chatmasta 2y agoDupe: https://news.ycombinator.com/item?id=40369522 https://news.ycombinator.com/item?id=40369522
- cherryteastain 2y agoHow is this wire fraud? Participants of the ethereum blockchain agreed to the principles of operation of ethereum and that includes MEV/frontrunning.