5 ms·
but what is the jurisdiction?
by sizzzzlerz 8y ago
but what is the jurisdiction?
- tedunangst 8y agoWherever the exchange is?
- georgemcbay 8y agoDoes wherever the exchange is recognize Bitcoin Gold as legal tender? The issue seems a lot more complex than either "of course this is illegal" or "of course this isn't illegal". I'm certainly not arguing in favor of either of those positions.
- gowld 8y agoIt's obviously not legal tender (you can't pay taxes in BTG), but that's irrelevant. If can be bought and sold, it's property that can be stolen.
- deleted 8y ago[deleted]
- PeterisP 8y agoWhy would the legal tender issue change anything whatsoever? Fraud and theft statutes in general don't have any specific limitations to what the stolen assets must be, it's sufficient if they have some nontrivial value. No matter if Bitcoin Gold is treated like a currency, a security, or other asset, the treatment of it regarding fraud or theft would be the same. In general, this seems like a clear-cut case of fraud - there's a victim (the exchange) that suffered a loss (by allowing to withdraw the coins) by deception (the attacker "demonstrated" that they deposited the coins, but reversed it), and there's clear premeditated intent to arrange the scheme for the attacker's financial benefit. The technical details of how the victim was convinced to accept the deal and how the funds were extracted, and what's the nature of the currency are not particularly relevant to whether it's fraud, they'd be used only as evidence to show what happened and to evaluate the amount of loss.
- mike-cardwell 8y agoIt's not even remotely complex. Property was taken.
- s73v3r_ 8y agoIs it suddenly not illegal if someone takes my TV instead of my cash?
- PeterisP 8y agoBoth the location of the victim and of the attacker could prosecute; the location of the victim is more likely to start the process since they'll receive the complaint.