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RE: ⚠️A few Hive and GLS community members colluded to steal more than 250k USD // Biggest theft since Justin// The GLS exploit explored

in LeoFinance2 years ago

Report them to the authorities. Manipulating market prices for the purpose of affecting an oracle to extract value at an illegitimate price is a criminal offence, it falls under market manipulation and fraud. It doesn't matter if code is law, the crime was in pumping the price artificially. The CFTC and SEC filed charges against Eisenberg for pretty much the exact same thing.

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Questionable if its worth it.

Actually, whistleblowers get 10-30% cut by SEC for cases... I heard rumors of possible legal consultations in response to this incident immediately after the reveal.

Who cares about SEC, if you don't leave in the USA :))

Then arbitrage would be a crime by this details stated and this is a free market, there ain't no rules when it comes to the markets or whatever, so long as manually changing the rules(codes) doesn't apply.

Things like this are so nuanced they can't even understand it if they tried. Plus Oliver I think is in Germany if I remember correctly. It is extremely to bring a legal case across country lines.