• 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

Aave Continues to Anchor DeFi Despite Market Uncertainty

chest

Aave continues to be a significant DeFi protocol despite current price action reflecting uncertainty.

user avatarMohamed Farouk

WLFI Balances Growth and Regulatory Compliance

chest

WLFI is expanding its lending platform while seeking regulatory approval, balancing innovation with compliance.

user avatarKenji Takahashi

Cronos Shifts Focus to Institutional-Grade Infrastructure

chest

Cronos is shifting focus from retail trading to institutional-grade infrastructure, enhancing its long-term utility.

user avatarKenji Takahashi

Comprehending the Functionality of the Altcoin Season Index.

chest

The Altcoin Season Index quantifies market sentiment by analyzing the performance of top cryptocurrencies against Bitcoin.

user avatarElias Mukuru

Jake Claver Discusses Long-Term Outcomes for XRP Investors

chest

Jake Claver analyzes potential financial outcomes for investors holding 20,000 XRP, emphasizing long-term income generation and discussing various valuation scenarios.

user avatarDiego Alvarez

Robinhood Stock Price Faces Short-Term Decline Ahead of Earnings

chest

Robinhood's stock price has dropped over 10% in the past month, despite strong yearly gains, as it approaches a critical support level.

user avatarMaria Fernandez

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.