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Crypto Scam Criminal Trial Tests 'Code Is Law' Claim by Trader
Monday April 8, 2024. 06:00 PM , from Slashdot
Eisenberg, a self-described 'applied game theorist,' claims his actions weren't theft at all. Rather, he says, he legally exploited a weakness in the decentralized finance application. The trial will apparently be the first time a US criminal jury will weigh what type of 'DeFi' transactions are legal. In the crypto world, where digital blockchains govern who owns what, the virtual ecosystem is built around the notion that 'code is law.' It means that if something isn't explicitly forbidden by terms of a crypto platform, then government can't intercede. But prosecutors say those rules can't protect traders against possible criminal charges for market manipulation or fraud. Read more of this story at Slashdot.
https://yro.slashdot.org/story/24/04/08/1512219/crypto-scam-criminal-trial-tests-code-is-law-claim-b...
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