• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Paris Precedent: When DeFi Hackers Become "Ethical Hackers"

Paris Precedent: When DeFi Hackers Become "Ethical Hackers"

user avatar

by Alexandra Smirnova

2 years ago


A Paris court has issued an unusual decision, recognizing a group of hackers who breached the DeFi project Platypus as "ethical hackers." This decision has caused a wide resonance in the crypto community, as it raises questions about the legal status of hacking attacks in the field of decentralized finance.

According to the court's decision, the actions of the hackers were recognized as "ethical" because they were allegedly aimed at identifying vulnerabilities in the system without the intention to cause harm. This decision has become a precedent that could significantly influence the future regulation of DeFi projects and their security.

The DeFi project Platypus, which became the target of the hack, was originally created to provide safer and more transparent financial operations using blockchain technology. However, as the investigation showed, there were vulnerabilities in its code that were exploited by the hackers.

The court's decision itself has sparked discussions among experts and members of the crypto community. Some believe that such a decision could encourage hackers to search for and eliminate vulnerabilities for good purposes, while others fear that it could create a dangerous precedent, allowing hackers to avoid responsibility for illegal actions under the guise of "ethical hacking."

It is important to note that the decision of the Paris court is not final and can be appealed. Nevertheless, it has already attracted attention to issues of security and legal responsibility in the field of DeFi, which may contribute to the development of stricter security standards and regulation in this rapidly evolving area.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Australian Dollar Rallies After RBA Holds Interest Rates Steady

chest

The Australian dollar surged after the RBA held the cash rate steady at 4.35%, indicating a commitment to controlling inflation and potential future rate increases.

user avatarArif Mukhtar

The Evolving Crypto Market Challenges the Four-Year Cycle

chest

Investors are grappling with changes in the crypto market as the traditional four-year cycle shows signs of breaking down.

user avatarMaria Gutierrez

Bybit's Vision for a Unified Capital Market

chest

Ben Zhou shared his long-term vision for a unified capital market integrating traditional finance and cryptocurrency within five years.

user avatarAndrew Smith

Dogecoin and Floki Show Resilience Amid Market Volatility

chest

Dogecoin and Floki maintain their positions in the crypto market, attracting investor attention with steady prices and strong community support.

user avatarDavid Robinson

Increased Pentagon Activity Triggers Venezuelan Market Speculation

chest

Increased Pentagon activity observed through a surge in pizza orders coincides with significant trading bets on US military interventions in Venezuela, raising concerns about insider information.

user avatarJacob Williams

Federal Reserve Decision Could Significantly Affect XRP Holders

chest

Austin Hilton highlights the significance of the upcoming Federal Reserve decision for XRP investors.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.