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Paris Precedent: When DeFi Hackers Become "Ethical Hackers"

Paris Precedent: When DeFi Hackers Become "Ethical Hackers"

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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.

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