this post was submitted on 15 May 2024

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MIT-educated brothers accused of stealing $25 million in cryptocurrency in 12 seconds in Ethereum blockchain scheme (www.cbsnews.com)

submitted 2 years ago by Wilshire@lemmy.world to c/technology@lemmy.world

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[–] nulluser@programming.dev 23 points 2 years ago (1 child)

ETH abandoned the trustless part. Now you're supposed to trust the validators. Clearly, you can't.

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[–] agressivelyPassive@feddit.de 20 points 2 years ago

It was never "trustless", but trust in the system as a whole.

The change you mentioned is more a change of the definition of "system", since now it's effectively an oligarchy.

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