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> his intent was clear Would it be fair to say his intent was to enrich himself by using this platform's features ? And bonus points: "is that a crime" ?

by stef25 1y ago

ryanjshaw 1y ago
His intention was to defraud the DAO; similar case that resulted in conviction: https://www.justice.gov/archives/opa/pr/man-convicted-110m-cryptocurrency-scheme https://www.justice.gov/archives/opa/pr/man-convicted-110m-c...
mjr00 1y ago
You can look through the indictment yourself - https://www.justice.gov/usao-edny/media/1388036/dl?inline https://www.justice.gov/usao-edny/media/1388036/dl?inline Among other bits: > MEDJEDOVIC understood that his conduct circumvented the intended functioning [...] MEDJEDOVIC discussed a plan to "steal crypto," referred to the exploit as involving "glitch" and "fake" liquidity, and described the code for the exploit as a "rape." > MEDJEDOVIC also prepared a "POST-EXPLOITATION" plan for himself, which included, among other things, "KEEP the configs Burn the evidence, including the histfile" and "Book flight to: Pack Bags," as well as another file labeled "Decisions and Mistakes," in which he wrote, "Going On the run / Yes / Chance of getting caught<Payoff for not getting caught" > Immediately after obtaining the flash loan, MEDJEDOVIC wrote "Raping Now" in the public event long for the transaction. There's extremely strong evidence that he believes he's committing a crime, and specifically "steal[ing] crypto" in his own words, so yes. And when you have records effectively saying "I believe I am committing a crime", it becomes a lot easier to convince a jury you committed a crime.
- ryanjshaw 1y ago
  Thanks for this; so we have: wire fraud, money laundering, and an interesting charge “unauthorized damage to a protected computer“ that sees the Ethereum EVM as a distributed computer…
  - mjr00 1y ago
    Yeah, this one is very interesting; the charge is for "intentionally caus[ing] damage without authorization to one or more protected computers, including the Ethereum Virual Machine (EVM), which was implemented through, among other nodes, a full Ethereum node running in the Eastern District of New York." This seems ambitious. The implications seem quite dire; if I'm running a full Ethereum node do I have the ability to say which smart contracts are "authorized" to execute on my implementation of the EVM? If I see a smart contract do a trade I don't like, is someone committing a crime against me? I don't think this will stick if Medjedovic ever goes to court.

> his intent was clear Would it be fair to say his intent was to enrich himself by using this platform's features ? And bonus points: "is that a crime" ?

by stef25 1y ago

> his intent was clear Would it be fair to say his intent was to enrich himself by using this platform's features ? And bonus points: "is that a crime" ?

ryanjshaw 1y ago

His intention was to defraud the DAO; similar case that resulted in conviction: https://www.justice.gov/archives/opa/pr/man-convicted-110m-cryptocurrency-scheme https://www.justice.gov/archives/opa/pr/man-convicted-110m-c...

mjr00 1y ago

You can look through the indictment yourself - https://www.justice.gov/usao-edny/media/1388036/dl?inline https://www.justice.gov/usao-edny/media/1388036/dl?inline Among other bits: > MEDJEDOVIC understood that his conduct circumvented the intended functioning [...] MEDJEDOVIC discussed a plan to "steal crypto," referred to the exploit as involving "glitch" and "fake" liquidity, and described the code for the exploit as a "rape." > MEDJEDOVIC also prepared a "POST-EXPLOITATION" plan for himself, which included, among other things, "KEEP the configs Burn the evidence, including the histfile" and "Book flight to: Pack Bags," as well as another file labeled "Decisions and Mistakes," in which he wrote, "Going On the run / Yes / Chance of getting caught<Payoff for not getting caught" > Immediately after obtaining the flash loan, MEDJEDOVIC wrote "Raping Now" in the public event long for the transaction. There's extremely strong evidence that he believes he's committing a crime, and specifically "steal[ing] crypto" in his own words, so yes. And when you have records effectively saying "I believe I am committing a crime", it becomes a lot easier to convince a jury you committed a crime.

ryanjshaw 1y ago
Thanks for this; so we have: wire fraud, money laundering, and an interesting charge “unauthorized damage to a protected computer“ that sees the Ethereum EVM as a distributed computer…
- mjr00 1y ago
  Yeah, this one is very interesting; the charge is for "intentionally caus[ing] damage without authorization to one or more protected computers, including the Ethereum Virual Machine (EVM), which was implemented through, among other nodes, a full Ethereum node running in the Eastern District of New York." This seems ambitious. The implications seem quite dire; if I'm running a full Ethereum node do I have the ability to say which smart contracts are "authorized" to execute on my implementation of the EVM? If I see a smart contract do a trade I don't like, is someone committing a crime against me? I don't think this will stick if Medjedovic ever goes to court.