An Ethical Crossfire in the Crypto Arena
As the courtroom delved deeper into blockchain intricacies, Yakira defended Savannah’s use of sandwich trading as legitimate market strategy, bristling at terms like “attack.”
“The crypto market is a free-for-all,” he said. “Everyone plays by the same code. We didn’t cheat — we competed.”
But defense attorneys countered that if sandwichers exploit smaller traders, then Savannah was reaping the same kind of advantage it now condemns.
The Peraire-Bueno brothers insist their actions were fair play in what they call the “rough and tumble” of decentralized finance.
Digital Ghosts and Silent Negotiations
After the alleged exploit, Yakira testified, Savannah attempted contact with a crypto wallet linked to the missing funds. The response was cryptic:
“If you wish to communicate further, identify yourself and who you represent.”
Neither side revealed identities. With tensions rising, lawyers stepped in, but the stalemate persisted. Savannah ultimately reported the incident to U.S. and Israeli authorities.
