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How a math prodigy-turned-fugitive siphoned millions in crypto

The Decibel

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Exploits and Ethics in Cryptocurrency

This chapter explores the significant exploit of $16.5 million on Index Finance, tracing back to a master's student and the subsequent actions taken, including a bug bounty offer. It discusses the ongoing legal complications faced by the young fugitive, highlighting the tension between ethical considerations and the philosophy of decentralized finance. The narrative examines the broader implications of such exploits within the cryptocurrency community, emphasizing the struggle between legitimacy and the core ideals of decentralization.

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