ZachXBT: Outdated laws allow bad actors to exploit legal differences to continue committing malicious acts in the crypto space.
the lawsuit against internet celebrity Logan Paul's CryptoZoo has been dismissed by a federal judge, who stated that "the jury cannot determine that Logan Paul's statements are misleading or fraudulent." ZachXBT stated that outdated laws allow bad actors to continue to exploit jurisdictional differences in the crypto field, and if a project is promoted with token value but fails to deliver substantial content, resulting in serious financial losses, responsibility should be held accountable. This case should have been simple, but it exposes institutional flaws. Bittex said this result will set a dangerous precedent. ZachXBT replied that he is concerned that the Bittensor hacker case may be similar, as privacy agreements and instant exchange processes are complex, making it difficult to explain why the hacker's deposit amount matches the amount extracted by former employees from the privacy agreement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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