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Ah, I wasn't aware of the previously existing coins. This being DeFi though, was it clear who owned those particular coins or were they "owned" by the program?
by Youden 5y ago
Ah, I wasn't aware of the previously existing coins. This being DeFi though, was it clear who owned those particular coins or were they "owned" by the program?
I'd actually be interested to know if crypto can, from a legal perspective, be owned. Has crypto theft been successfully prosecuted before?
As for exceeding authorisation, yes, true, but IIUC, CFAA only makes illegal the unauthorised access to a _computer_. Since this is a crypto program, is there an identifiable computer that was accessed without consent?
To be clear, I'm not making any moral judgements here, I'm just curious how our current laws and moral positions apply to crypto.
- danielvf 5y agoYes, people have gone to jail for stealing Bitcoins - In fact a US DEA agent and a US Secret Service agent did a few years ago. See https://www.justice.gov/sites/default/files/opa/press-releases/attachments/2015/03/30/criminal_complaint_forcev2.pdf https://www.justice.gov/sites/default/files/opa/press-releas... for the initial criminal complaint, which is well worth reading.