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Wilshire@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago

MIT-educated brothers accused of stealing $25 million in cryptocurrency in 12 seconds in Ethereum blockchain scheme

www.cbsnews.com

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MIT-educated brothers accused of stealing $25 million in cryptocurrency in 12 seconds in Ethereum blockchain scheme

www.cbsnews.com

Wilshire@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago
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The 12-second execution of the alleged theft took months to plan, federal prosecutors said.
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  • garretble@lemmy.world
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    1 year ago

    Crypto: “We don’t have or want government oversight.”

    Also crypto: “Please, government, help us get back our made up money!”

    • AggressivelyPassive@feddit.de
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      1 year ago

      Effectively they speed run something like 400 years of banking regulation and its history.

    • General_Effort@lemmy.world
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      1 year ago

      I mean, yes, but I can’t help pointing out that all money is made up. The only difference is the purpose of the money system.

  • AbidanYre@lemmy.world
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    1 year ago

    In doing so, they fraudulently gained access to pending private transactions and used that access to alter certain transactions and obtain their victims’ cryptocurrency,

    I guess they never watched Office Space, or Superman III.

    Edit: wrong Superman

    • db2@lemmy.world
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      1 year ago

      It was on the cover of that tps report.

      • Bonesince1997@lemmy.world
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        1 year ago

        I feel like you’re jumping to conclusions

        • pete_the_cat@lemmy.world
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          1 year ago

          …have you seen my stapler?

          • Entropywins@lemmy.world
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            1 year ago

            and I kept the staples for the Swingline stapler and it’s not okay because if they take my stapler then I’ll set the building on fire…

    • ImminentOrbit@lemmy.world
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      1 year ago

      Superman III

      • AbidanYre@lemmy.world
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        1 year ago

        Maybe I need to go rewatch it.

  • General_Effort@lemmy.world
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    1 year ago

    I wish people would go straight to the source for these stories. No reason to link to something that only paraphrases a press release and adds some ads.

    Press release (contains link to indictment):

    https://www.justice.gov/usao-sdny/pr/two-brothers-arrested-attacking-ethereum-blockchain-and-stealing-25-million

  • dhork@lemmy.world
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    1 year ago

    Found some more technical details here:

    https://www.coindesk.com/policy/2024/05/15/brothers-accused-of-25m-ethereum-exploit-as-us-reveals-fraud-charges/

  • sturlabragason@lemmy.world
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    1 year ago

    Yeah but who the fuck figured it out and how? Sounds to me like those fellows did their homework?

  • ᴅᴜᴋᴇᴛʜᴏʀɪᴏɴ@lemmy.world
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    1 year ago

    How’s that secure Proof of Stake working out?

  • ᴅᴜᴋᴇᴛʜᴏʀɪᴏɴ@lemmy.world
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    1 year ago

    So, do we ban technical colleges now, and just let AI come up with new stuff?

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