Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

What exactly was stolen here? This isn't legally recognized money. And the spend was of the attacker's own coins. The exchange into another cryptocurrency or fiat currency is fraudulent I suppose, but isn't that on the transacting exchange?


They pretended to transfer to the exchange an item of value, and agreed to swap that item for a different item of value. They've defrauded the exchange / obtained a benefit by deception, like writing a dud cheque or something.

Fraud doesn't require "legally recognized money" to be involved. If you had some scam where you knowingly traded counterfeit collectable cards for real ones you'd be in trouble too.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: