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The irony is that if crypto.com had mistakenly sent $10M of a cryptocurrency they would have no hope of getting it back.
by srj 4y ago
The irony is that if crypto.com had mistakenly sent $10M of a cryptocurrency they would have no hope of getting it back.
- colejohnson66 4y agoTechnically, courts can still force one to send crypto back. If I steal $1000 (cash) from someone, the courts don't tell the other party, "well, it's cash, so tough luck". They, instead, will order me to give back the $1000 (possibly plus damages), and, if I refuse, hold me in contempt. The same can be done here; They can force Manivel to send the $10.5M back with the threat of jail time. Which is exactly what happened: > ... Victoria's Supreme Court has ordered the home to be sold and the money returned, according to the report. Crypto doesn't change reversibility because it's not above the law; it just makes it a lot harder. I will admit that I'm quibbling over semantics, though. Really, crypto is like stuffing cash into a safe (your "wallet"). The wallet is just so secure that no locksmith can help you should you lose your (private) key. If I'm fleeced out of some money by a crypto scam, I have almost no hope of getting it back unless I know who the scammer is; Just like if I were to be mugged out the same amount of cash.
- zhfliz 4y agoHow is it stealing if someone drops an envelope with $1000 cash in your mailbox? Not arguing that crypto.com has no right to the money, but stealing is very different from being the wrong recipient of a transaction/delivery.
- nicwolff 4y agoIf you keep it after you know it's not legally yours, you're stealing.