• 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.

Other news

SpaceX Acquires xAI to Tackle AI Power Challenges

chest

SpaceX has acquired xAI, merging rocket launch services with AI development to tackle the limitations of Earth-based infrastructure.

user avatarDiego Alvarez

Starlink Revenue Expected to Fund xAI's Operations After Merger

chest

Starlink revenue is expected to support xAI's operations after its acquisition by SpaceX.

user avatarKenji Takahashi

BlockDAG Launch Dashboard Set to Go Live on February 2

chest

BlockDAG will launch a new dashboard on February 2, providing users with a fully integrated system for managing their investments and preparing for exchange access.

user avatarMaria Fernandez

Referral Strategies Become Key to Success in ZKP Auction Stage 2

chest

Referral strategies are crucial for success in the ZKP presale auction Stage 2 as token availability tightens.

user avatarRajesh Kumar

Stage 2 of ZKP Presale Auction Heightens Competition with Scarcity

chest

Stage 2 of the ZKP presale auction reduces daily token allocation, intensifying competition and emphasizing referral strategies.

user avatarLuis Flores

SPX6900 and Brett Gain Traction in the Meme Coin Market

chest

SPX6900 and Brett are gaining traction in the meme coin market with increased trading activity and community support.

user avatarGustavo Mendoza

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.