Ex-CFTC Chair Giancarlo Backs White House Hack-Back Program as 'Just About Right'
- —Aug. 12 memo limits targets to non-state criminal groups
- —Each operation needs written approval from DOJ and DHS
- —Participants are vetted contractors posting at least $1 million in bond or escrow
- —Giancarlo said his 2025 privateering proposal lacked such safeguards
Why it matters: The program sets rules for recovering stolen crypto via private contractors, but offers no immunity from prosecution.
Source: Unchained