3 ms·
Is it a crime to steal a crypto wallet. Razzlekhan and hubby were convicted of money laundering with the latter also being charged with hacking BitFinex.
by smoyer 3y ago
Is it a crime to steal a crypto wallet. Razzlekhan and hubby were convicted of money laundering with the latter also being charged with hacking BitFinex.
- _8j50 3y agoCrypto has financial value, taking something of value that belongs to others is theft.
- smoyer 3y agoI'm not sure the legal system is ready for charging for crypto "theft". What if the unimaginable happens and there's a private key collision that results in two owners ... If they both use the account without noticing the other but one eventually closes the account, is that still theft? It's pretty clear when an account or computer is hacked and yet neither razz or hubby were charged with theft ... Hubby essentially got convicted of tax evasion like a '30s gangster.
- _8j50 3y agoYou'd be surprised. The law isn't rigid like computer code . The intent and mindset of the defendant is all that gets prosecuted. If you can convince the jury the perp intended to gain money by accessing that information, it could be a spreadsheet for all they care. It is both theft and a violation of CFAA.
- smoyer 3y agoIANAL