Two MIT-trained brothers accused of stealing $25 million in cryptocurrency in just 12 seconds face trial this week in Manhattan federal court. Prosecutors call it a “first-of-its-kind” fraud. The defense says they simply outsmarted “predatory” trading bots in a lawless environment, according to Business Insider.
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How is that "stealing"?
Doesn't sound like stealing under any definition I know of.
12 seconds to snag $25M? That's faster than my coffee brews.
Brothers: 1
Bots: 0
That is a good trade!
They will get a presidential pardon in 1, 2 ..
Smart guys...
But if there was no similar case, then this is a precedent...
In any case, it is interesting how such a large amount can be stolen in such a short time...they probably found a bug somewhere and exploited it...