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MIT Students Stole $25 Million In Seconds By Exploiting ETH Blockchain Bug, DOJ Says (slashdot.org)

submitted 5 months ago by 0nekoneko7@lemmy.world to c/technology@lemmy.world

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[–] ShittyBeatlesFCPres@lemmy.world 28 points 5 months ago (3 children)

US Attorney Damian Williams said the scheme was so sophisticated that it "calls the very integrity of the blockchain into question."

If that’s actually true, they should be given a sentence of time served and a job writing useful software.

[–] shrugal@lemm.ee 44 points 5 months ago* (last edited 5 months ago) (1 children)

It's not. They tricked some MEV-Boost bots into doing bad trades.

[–] assassin_aragorn@lemmy.world 1 points 5 months ago (1 children)

Still highlights a vulnerability doesn't it? The system is only as secure as the most vulnerable piece.

[–] shrugal@lemm.ee 2 points 5 months ago

No, it really doesn't. That's like creating a bot that buys and sells company shares automatically, and saying the stock exchange has a vulnerability because your bot makes bad decisions.

[–] Kyrgizion@lemmy.world 5 points 5 months ago

More likely they'll get the Mitnick treatment.

[–] possiblylinux127@lemmy.zip 1 points 5 months ago

They are good at fraud