You’re reading Economic Forces, a free weekly newsletter on economics, especially price theory, without the politics. You can support our newsletter by signing up here: Last week, there was a hack of a blockchain that resulted in the theft of over $600 million worth of cryptocurrency. The hack went mostly unnoticed for 6 days. I say that it went mostly unnoticed because some people did notice it and tried to profit off of this knowledge. Unfortunately for these people, they actually
Crypto Hacks and Efficient Markets
You’re reading Economic Forces, a free weekly newsletter on economics, especially price theory, without the politics. You can support our newsletter by signing up here: Last week, there was a hack of a blockchain that resulted in the theft of over $600 million worth of cryptocurrency. The hack went mostly unnoticed for 6 days. I say that it went mostly unnoticed because some people did notice it and tried to profit off of this knowledge. Unfortunately for these people, they actually
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