Blockchain and the Law
Pengtao Teng

Pengtao Teng

Associate

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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SEC Flexes Funny Bone in Fictional Token Offering

The Securities and Exchange Commission (the “SEC”) has taken to using humor and sarcasm to educate retail investors about the potential risks of purchasing tokens in initial coin offerings (“ICOs”). This week, the SEC issued a press release presenting “a hot investment opportunity.”  The release pointed to a website touting the HoweyCoin—a fictional crypto token … Continue Reading

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
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