from Hacker News

Two Brothers Arrested for Attacking Ethereum Blockchain via MEV

by voidmain0001 on 5/15/24, 7:37 PM with 15 comments

  • by naikrovek on 5/15/24, 9:16 PM

    No one going to define “MEV”? The article doesn’t mention this term and this post doesn’t define it.

    Writing 101… doesn’t matter if I can find out elsewhere. You can include a few words or you can have half your readers look it up. One is courtesy, the other is a writing/reporting disaster.

  • by cherryteastain on 5/15/24, 11:31 PM

    How is this wire fraud? Participants of the ethereum blockchain agreed to the principles of operation of ethereum and that includes MEV/frontrunning.

  • by UncleEntity on 5/15/24, 8:31 PM

    > As we allege, the defendants’ scheme calls the very integrity of the blockchain into question.

    While I don't condone stealing magic numbers from people this seem like the real story here.

  • by vitiral on 5/15/24, 8:48 PM

    If crypto isn't protected by its own cryptography and must instead be protected by the government then what in the f@*k is the point of crypto again?

  • by numtel on 5/15/24, 8:50 PM

    So would they have been fine if they extracted MEV but didn't try to hide the income from the government? Seems like this is less about MEV and more about hiding their actions?

  • by chatmasta on 5/15/24, 9:32 PM

  • by joshstrange on 5/15/24, 9:03 PM

    So is crypto a currency or not? Is code law or not?

    Honestly I think the only crime they should be charged with is tax evasion. Crypto bros really want to eat their cake and have it too...

  • by alexnewman on 5/15/24, 8:11 PM

    Code as law