https://www.justice.gov/usao-sdny/pr/former-security-enginee...
From that link:
"U.S. Attorney Damian Williams said: “Today, Shakeeb Ahmed was sentenced to prison in the first ever conviction for the hack of a smart contract and ordered to forfeit all of the stolen crypto. No matter how novel or sophisticated the hack, this Office and our law enforcement partners are committed to following the money and bringing hackers to justice. And as today’s sentence shows, time in prison — and forfeiture of all the stolen crypto — is the inevitable consequence of such destructive hacks.”
The undisputable matter of fact is this: there have already been several cases of people who thought they could invoke the "(smart contract) code is law" argument to outsmart judges and the legal system.
But that's fantasy. In practice these people, when caught, go to prison.
> Indexed Finance is an unlicensed investment firm. The promoters knew the risk ( decentralized finance) and now they want to blame someone who outsmarted them at their own game.
And DeFi exchanges are "unlicensed brokers". And yet I posted a case where the hacker who "outsmarted" them is now in prison: how smart one has to be to end up in prison right?
Post me a case where an "unlicensed investement firm" sued a thief who "outsmarted them" and where the judge decided to let the thief walk free.
For I posted a case from justice.gov to prove my point.