Real World Courts Come For Digital Crypto Hackers (Podcast)
The attack on crypto exchange Mango Markets is an example of what can happen when a trader uses loopholes in code to make money.
A person walks behind a wall with machine coding symbols.
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“Code is law” is one of the more interesting phrases used by folks in crypto. Think of it this way, it is what is written into software that governs whether something like a transaction is valid, not the whims or caprices of an individual. Instead, what determines whether something is acceptable, permissible, or appropriate is what’s written into the software that enabled that transaction in the first place. It is another way of thinking about the so-called immutability of the blockchain.