Question for the legal-minded folk here. Is this "theft" illegal in the criminal sense?
It's exploiting an unintended hole in software, but it's technically following the smart contract faithfully, albeit against the better intentions of its author(s).
Has a smart contract case like this been litigated before?
It brings to mind comparable things that have happened in the financial services world, where one party insists on following a poorly-composed contract to the letter, to the detriment of their counter-party. Their actions were deemed unethical, but not criminally illegal.
It's exploiting an unintended hole in software, but it's technically following the smart contract faithfully, albeit against the better intentions of its author(s).
Has a smart contract case like this been litigated before?
It brings to mind comparable things that have happened in the financial services world, where one party insists on following a poorly-composed contract to the letter, to the detriment of their counter-party. Their actions were deemed unethical, but not criminally illegal.