Imagine going to MIT only to squander your future like this

PS: don't bother reading the article's comments (blockchains are databases with extra steps, what was stolen isn't money anyway, etc.)

Imagine going to MIT only to squander your future like this

PS: don't bother reading the article's comments (blockchains are databases with extra steps, what was stolen isn't money anyway, etc.)

https://arstechnica.com/tech-policy/2024/05/sophisticated-25m-ethereum-heist-took-about-12-seconds-doj-says/

Also it was technically not an exploit, but action per Flashbots protocol rules. The penalty for doing this kind of transaction was $2000 slash. 

Nobody got to the court when the Victim 1 was sandwich attacking retail users same way.

You can read more here:

Also it was technically not an exploit, but action per Flashbots protocol rules. The penalty for doing this kind of transaction was $2000 slash. 

Nobody got to the court when the Victim 1 was sandwich attacking retail users same way.

You can read more here:

https://twitter.com/Mudit__Gupta/status/1642848745460051969

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Thanks, great explanation by Mudit (+ my memory of details was hazy from last year). I can see the proponents of “code is law” make the case that this was fair game & a clever yet legitimate use of the MEV design. I still wouldn’t have done it if I was in my 20s with a solid future ahead of me, too much grey area