• 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

Sui Network Achieves Over 780 Million in Trading Volume

chest

Sui Network has surpassed 780 million in 24-hour trading volume, outpacing established chains such as TRX, ADA, and AVAX.

user avatarAyman Ben Youssef

Biden Administration Targets Crypto Tax Loopholes in FY 2025 Budget

chest

The Biden Administration proposes extending wash sale rules to cryptocurrencies in the FY 2025 budget to close tax loopholes affecting major digital assets.

user avatarTando Nkube

Crypto Market Faces Potential Strategy Shifts Due to Proposed Regulations

chest

The proposed extension of wash sale rules to cryptocurrencies may significantly alter market dynamics, deterring immediate buybacks similar to the effects seen in stock trading.

user avatarKofi Adjeman

Tom Lee Predicts S&P 500 to Reach 7,700 by 2026

chest

Tom Lee predicts that the S&P 500 will reach 7,700 points by 2026, driven by growth in AI and changes in Federal Reserve policies.

user avatarNguyen Van Long

City Holder Offers Daily Combo and Quiz for Players

chest

City Holder has announced a Daily Combo and Quiz event that allows players to earn up to 75 million coins.

user avatarJesper Sørensen

City Holder Game Launches with Unique City Building Experience

chest

City Holder has launched a new game that allows players to create and rule their own city in a digital universe.

user avatarSatoshi Nakamura

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.