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I really don’t see what these guys did wrong. Good for them for making away with $25 million…the government should leave them alone. After all, crypto bros wan

I really don’t see what these guys did wrong. Good for them for making away with $25 million…the government should leave them alone. After all, crypto bros wanted decentralized finance where code is law. But they’ll run to the government when someone outsmarts them. Reminds me of people from corrupt countries parking their money in countries with strong rule of law, where they know it can’t be seized without due process. Sheer hypocrisy.

hanniabu 2y ago
It's not hypocrisy. These people aren't these ones advocating for cypherpunk. They are mostly wallstreet bros that have carved a lucrative market. They see stealing from others as completely fine, but if people do the same thing to them which they're doing to others they throw a hissy fit and use their connects to make an example and set precedent.
wyager 2y ago
> crypto bros wanted decentralized finance where code is law Ethereum and associated "defi" people are emphatically not the same people as the "code is law" people. One of the first things Ethereum did was throw out the whole notion of "the rules are the rules" during this event, when they rolled back the entire ethereum blockchain after a clever trade that wiped out a (now defunct) shitcoining operation: https://en.m.wikipedia.org/wiki/The_DAO https://en.m.wikipedia.org/wiki/The_DAO Lumping everyone into "crypto bro" is doomed to incorrectly predict the social-political dynamics here
- TacticalCoder 2y ago
  > when they rolled back the entire ethereum blockchain The Ethereum did a dick move but there was no rollback of the chain. None. Zero. What happened is that the ETHs from the DAO hacks were locked for a few weeks (months?) in a smart contract, even after the hack. The (dark side) hacker couldn't get them immediately. So kid Vitalik quickly changed the code and pushed a new versions in which the rules of the game were modified, preventing the unlocking of the stolen ETHs. But at no point was a single transaction rolled back.
TacticalCoder 2y ago
The term they googled makes it clear they fully knew they weren't doing something clean. I totally see what they did wrong and here's the proof they knew too: > "allegedly “searched online for, among other things, ‘money laundering,’ ‘exploit,’ ‘computer fraud abuse act,’5 and ‘does the united states extradite to [foreign country]." But you may be seeing different things than others, including the perpetrators of this crime.
- OutOfHere 2y ago
  All those web search terms are relevant for indirectly helping find useful defense attorneys. If doesn't in itself demonstrate any guilt. I am not saying they're not guilty of fraud, only that a jury needs to be massively more objective than look to such searches as evidence of guilt. Also, there are probably thousands of people who do the same searches without participating in any fraud.
  - unyttigfjelltol 2y ago
    Since when would it even be admissible at trial to seek to obtain the advice of an attorney? The fact the DOJ put that in a press release shows they're grasping at straws.
- morbicer 2y ago
  As far as I know googling isn't illegal. As someone working in security I search for all kind of things. Doesn't mean I am doing them.

hanniabu 2y ago

It's not hypocrisy. These people aren't these ones advocating for cypherpunk. They are mostly wallstreet bros that have carved a lucrative market. They see stealing from others as completely fine, but if people do the same thing to them which they're doing to others they throw a hissy fit and use their connects to make an example and set precedent.

wyager 2y ago

> crypto bros wanted decentralized finance where code is law Ethereum and associated "defi" people are emphatically not the same people as the "code is law" people. One of the first things Ethereum did was throw out the whole notion of "the rules are the rules" during this event, when they rolled back the entire ethereum blockchain after a clever trade that wiped out a (now defunct) shitcoining operation: https://en.m.wikipedia.org/wiki/The_DAO https://en.m.wikipedia.org/wiki/The_DAO Lumping everyone into "crypto bro" is doomed to incorrectly predict the social-political dynamics here

TacticalCoder 2y ago
> when they rolled back the entire ethereum blockchain The Ethereum did a dick move but there was no rollback of the chain. None. Zero. What happened is that the ETHs from the DAO hacks were locked for a few weeks (months?) in a smart contract, even after the hack. The (dark side) hacker couldn't get them immediately. So kid Vitalik quickly changed the code and pushed a new versions in which the rules of the game were modified, preventing the unlocking of the stolen ETHs. But at no point was a single transaction rolled back.

TacticalCoder 2y ago

The term they googled makes it clear they fully knew they weren't doing something clean. I totally see what they did wrong and here's the proof they knew too: > "allegedly “searched online for, among other things, ‘money laundering,’ ‘exploit,’ ‘computer fraud abuse act,’5 and ‘does the united states extradite to [foreign country]." But you may be seeing different things than others, including the perpetrators of this crime.

OutOfHere 2y ago
All those web search terms are relevant for indirectly helping find useful defense attorneys. If doesn't in itself demonstrate any guilt. I am not saying they're not guilty of fraud, only that a jury needs to be massively more objective than look to such searches as evidence of guilt. Also, there are probably thousands of people who do the same searches without participating in any fraud.
- unyttigfjelltol 2y ago
  Since when would it even be admissible at trial to seek to obtain the advice of an attorney? The fact the DOJ put that in a press release shows they're grasping at straws.
morbicer 2y ago
As far as I know googling isn't illegal. As someone working in security I search for all kind of things. Doesn't mean I am doing them.