Crypto Hackers Face The Courts
Bloomberg Crypto9 Helmi 2023

Crypto Hackers Face The Courts

One of the more interesting phrases used by folks in crypto is this one: “code is law.” Think of it this way. Under the idea that “code is law”, what governs whether something - say a transaction - is valid or not isn’t the whims or caprices of any individual. Instead, what determines whether something is acceptable, permissible, or appropriate is what’s written into the software that enabled that transaction in the first place. It is another way of thinking about the so-called immutability of the blockchain - if the blockchain says it, then that’s what’s going to remain.

Sounds logical, right? But what happens when the code doesn’t do what you were expecting it to do - or when someone exploits loopholes in the logic of the software for their own personal financial gain? These questions are at the crux of today’s episode, that will review an interesting precedent set by a crypto trader named Avraham Eisenberg, who exploited the “idea of code is law” for millions of dollars - and then was arrested and charged with fraud. Bloomberg reporter Muyao Shen and Bloomberg Law correspondent Matthew Bultman join this episode to discuss.

Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter.

This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.

See omnystudio.com/listener for privacy information.

Jaksot(223)

Introducing - Spellcaster: The Fall of Sam Bankman-Fried

Introducing - Spellcaster: The Fall of Sam Bankman-Fried

Coming soon: When nerdy gamer Sam Bankman-Fried rocketed to fame as the world’s richest 29-year-old, he pledged to donate his billions to good causes. But then his crypto exchange FTX collapsed Billio...

12 Touko 20232min

Princeton University’s Blockchain Center, One Year On

Princeton University’s Blockchain Center, One Year On

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. Last year, just before the crypto winter had hit in earnest, Princeton University opened up “The Center for the Decentral...

16 Maalis 202313min

Crypto Winter Meets Banking Crisis: A Tale of Three Banks

Crypto Winter Meets Banking Crisis: A Tale of Three Banks

It’s been another wild week of financial mayhem connected to crypto. But this time the crisis focused on banks.  It started earlier this month [March], when Silvergate Capital shut down operations. Th...

16 Maalis 202319min

NFT Fans Say 2023 Is Looking Up

NFT Fans Say 2023 Is Looking Up

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. Some might argue that the popularity of NFTs faded as quickly as it rose. NFTs boomed in early 2022 when the crypto mania...

15 Maalis 202325min

Job Cuts Reflect Crypto Winter’s Deep Freeze

Job Cuts Reflect Crypto Winter’s Deep Freeze

The last 12 months or so have been a particularly grueling season for crypto. And as we head into the spring months of 2023, we’re getting a better sense of what the slump in crypto prices has meant f...

14 Maalis 202316min

What’s Happening With Crypto in Argentina?

What’s Happening With Crypto in Argentina?

Argentina is one of the countries with the highest rates of inflation in the world -  currently hovering at close to 100%.  The nation is also one of the countries with the biggest population of crypt...

13 Maalis 202314min

This Week in Crypto: Court is in Session

This Week in Crypto: Court is in Session

Legal battles, circling regulators and a troubled bank. It's all happening in crypto this week.  Court is in session as Grayscale challenges the SEC over the prospects for a Bitcoin ETF, while themsel...

10 Maalis 202319min

Circle CEO Jeremy Allaire on US Crypto Regulation

Circle CEO Jeremy Allaire on US Crypto Regulation

Bloomberg’s stacy-marie ishmael interviewed Jeremy Allaire, Chief Executive Officer of Circle Internet Financial Ltd. to discuss stablecoins and his views on crypto regulation. The CEO of the Boston-b...

9 Maalis 202319min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
viisupodi
rss-podme-livebox
rss-vaalirankkurit-podcast
otetaan-yhdet
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
the-ulkopolitist
linda-maria
rss-kaikki-uusiksi
rss-merja-mahkan-rahat
io-techin-tekniikkapodcast
rikosmyytit
rss-mina-ukkola
rss-pykalien-takaa
rss-kuka-mina-olen