Blockchain and the Law
Pengtao Teng

Pengtao Teng


Pengtao "Mac" Teng earned his B.S.E. in bioengineering from the University of Pennsylvania and his J.D. from the University of Virginia School of Law, where he was the business director for the Virginia Environmental Law Journal. While at UVA, he worked as a law clerk at the Commonwealth Attorney's office in Charlottesville and the U.S. Attorney's office for the Middle District of Florida. He was also a Cowan Fellow in the Human Rights Study Project.

Prior to law school, Mac worked as a technology analyst at Goldman Sachs & Co., where he helped develop a risk and margin calculation platform used by the prime brokerage and asset management businesses.

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When Smart Contracts are Outsmarted: The Parity Wallet “Freeze” and Software Liability in the Internet of Value

The recent Parity wallet “freeze” provides yet another example of a coding vulnerability in a smart contract (rather than a flaw in the underlying blockchain or cryptography) resulting in an exploit that compromises cryptocurrency worth millions. It again highlights some of the pitfalls of insecure code in the context of digital assets and raises questions … Continue Reading