• 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

Capital Flow in Cryptocurrency Market Shifts Towards Bitcoin Infrastructure

chest

The cryptocurrency market is witnessing a significant shift in capital flow, with investors moving towards Bitcoin infrastructure projects.

user avatarTando Nkube

XRP Market Dynamics Show Divergence Amid Price Drop

chest

XRP's price has dropped significantly, but on-chain data shows an increase in wallet addresses, indicating long-term accumulation.

user avatarKofi Adjeman

Meme Coin Investor Shares Successful DCA Strategy with SPX

chest

A meme coin investor named Maddox shares his successful dollar-cost averaging (DCA) strategy with SPX, showing how consistent buying can reduce drawdowns in a down market.

user avatarSatoshi Nakamura

Canada Implements New Crypto Custody Rules

chest

The Canadian Investment Regulatory Organization (CIRO) has introduced an interim Digital Asset Custody Framework to enhance oversight of crypto assets on trading platforms.

user avatarNguyen Van Long

CFTC Rescinds Proposal, Opens Door for Political Betting Contracts

chest

The Commodity Futures Trading Commission (CFTC) has rescinded the Bidenera proposal, allowing contracts for political contests, gaming, and war, marking a shift towards free market principles.

user avatarJesper Sørensen

Bhutan's Sovereign Wealth Fund Moves $22 Million in Bitcoin

chest

The Royal Government of Bhutan's Druk Holding Investments has deposited approximately $22 million worth of Bitcoin into exchange deposit addresses.

user avatarRajesh Kumar

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.