this post was submitted on 16 May 2024
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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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[–] Ibaudia@lemmy.world 3 points 5 months ago* (last edited 5 months ago)

My point is that its lack of regulation and decentralization makes it more vulnerable to the types of attacks that actually matter, namely market manipulation, fraud, and scams targeting specific accounts through social engineering. Those are already the biggest problems with FIAT, and crypto just intensifies them by removing existing protections.