Post
Topic
Board Legal
Re: Is it illegal for someone to hack my BTC wallet?
by
carlfebz2
on 10/12/2017, 12:59:47 UTC
I'm not clear on this one point.  If somebody got a hold of my private key and moved funds from an address that I claimed on the ledger, is that against the law?  At what point could that be considered a crime?  For example, if they hacked into my machine and stolen the private key; if they sniped the pk while snooping on a public access connection; brute forced the pk into existence; or just plane snapped a shot of my qr code over my shoulder....ect  In which of those examples could I pursue prosecution for the theft of my coin?  

I think the answer primarily depends on the laws and regulations of the country that you are staying. The scenario given is very situational, yet intriguing since this things seem to happen commonly. To give you an example, to government agency of my country (Philippines) sees bitcoin as property, therefore being subject to hacking equates to stealing which is punishable under our penal laws. Though proving and getting the culprit might seem impossible, if proven guilt then the individual may face charges against him. Again, this is really dependent on the country that you are staying since some government agencies have their own agenda/perspective when it comes to bitcoin so you better check-it out first.
Depending on case because tracking hacking incident involves on bitcoin is not really an easy task to be traced unless if you have done it on legal terms just like using up their local wallet which is coins.ph. which if you do tend to hack someones co-users then tracing up would be simple since they are regulated by BSP but talking on other wallet then they don't have the step for it to traced if those funds came from hacking or from legit ones.