<story><title>DeFi bug accidentally gives $90M to users</title><url>https://www.cnbc.com/2021/10/01/defi-protocol-compound-mistakenly-gives-away-millions-to-users.html</url></story><parent_chain><item><author>qeternity</author><text>Headline is misleading: the founder has threatened to doxx and report them to the IRS if they don&amp;#x27;t return funds which according to the Compound protocol, they rightfully own anyway.&lt;p&gt;Notch it up to another first for crypto.</text></item></parent_chain><comment><author>dathinab</author><text>&amp;gt; which according to the Compound protocol, they rightfully own&lt;p&gt;And that is one of the biggest misconceptions of crypto stuff.&lt;p&gt;Law and contracts (1) determine who owns what, not who happens to currently hold it.&lt;p&gt;That&amp;#x27;s why the founder can threaten them with the IRS, because they (likely(1)) do not rightfully (as defined per law) own it.&lt;p&gt;This is also why NFTs are kinds stupid, because you totally can sell someone a NFT which &amp;quot;claims ownership rights&amp;quot; without selling them any ownership rights legally seen. Sure it&amp;#x27;s most likely fraud as you deceived people, but only if. So telling people you sell them the NFT but not the think behind the NFT would make that pretty legal. Like you can sell a certificate about the correctness&amp;#x2F;quality of a picture without selling (or even having) that picture.&lt;p&gt;(1): Smart contracts are not contracts, they are computer programs. They might also &lt;i&gt;contain&lt;/i&gt; contracts, but that doesn&amp;#x27;t mean that just because something is done in a certain way in a smart contract it is legally binding, legal, or anything (Well, that&amp;#x27;s also true for contracts themself).</text></comment>
<story><title>DeFi bug accidentally gives $90M to users</title><url>https://www.cnbc.com/2021/10/01/defi-protocol-compound-mistakenly-gives-away-millions-to-users.html</url></story><parent_chain><item><author>qeternity</author><text>Headline is misleading: the founder has threatened to doxx and report them to the IRS if they don&amp;#x27;t return funds which according to the Compound protocol, they rightfully own anyway.&lt;p&gt;Notch it up to another first for crypto.</text></item></parent_chain><comment><author>ed_elliott_asc</author><text>Can’t the people who have the money just pay the tax themselves? Seems like the easiest way to keep the money and stay on the right side of the threat?</text></comment>