Topic: Is it illegal for someone to hack my BTC wallet? - page 6. (Read 15271 times)

According to your question, is it illegal to hack your wallet by someone, naturally or let me say normally taken someones property without the person knowledge is called stealing. To go to the extent of wallet that requires private key no other name is attached to it than illegal. Illegal mean something against the law and that term can only be use if bitcoin is legalized in your country but seriously is illegal

In my opinion its an unjust enrichment case(And you are obliged to return it).Which is provided in the law of all countries.This norm protects owner's property,But in this situation,In crypto world, it may  has only declaration-formal disposition.She/He don't have permission to find ''victim's'' private key,Its just a theft and illegal activity.(if you have intention.but somehow,if you find it without intention,it wouldn't be crime and this case is resolved by Private law and not by criminal law)

ofcourse, ethically and naturally that situation is a crime. you don't have to gain access to someone's wallet without full permission, and it can be used to hide the hacker's original identity for crime jobs

You have to pay taxes on profits from Bitcoin. That means that the government recognizes Bitcoin as an asset with some value. Therefore it is illegal to hack in to someone's wallet and steal the coins. But in reality, you will be left with few options if your coins are stolen. If the hacker is from some foreign nation, then getting back your coins may be next to impossible.

Yes, it is illegal to hack others BTC wallet  and should be taken as thieves but as we are already warned about the security and privacy policy of our wallet, I guess there will be no such authority who will inspect the issue . Most probably the authority will consider our claim null.

Yes, It is illegal for someone to hack your BTC wallet because the coin is yours and no one have the access to it without your permission.

But, according to the protocol, the owner of the private key that corresponds to the public address on the ledger is the true owner of the bitcoin contained in that wallet, right?  The ledger is distributed, the transactions verified, and the owner is confirmed on the blockchain which overrides any type of third party arbitration.  Who has a larger claim ---> the current possessor of the key, or ---> the previous possessor of the key?

In other words, if there was an authority that could reverse the state of a transaction, then that would violate the protocol and the ledger would be obsolete.  If there were an authority greater than the blockchain protocol itself, one could spend their bitcoin, claim theft, and reverse the transaction.

So, at what point, in what specific situation, would obtaining a private key be considered theft under the color of law?

Yes it is because it's a wallet it similar to wallet in real world even its digital money wallet online we dont have assurance if our wallet that have btc will be ok because they can access that if the owner is scammer so to avoid that kind of situation we can add private key in our wallet or 2fa so are the only person that can open it

Anything that is done with fraud or deceit will always be considered illegal and you can have the power to ask the help from the police or any proper authorities. Also if there is no fraud and deceit involve your Bitcoin is your "Private Property" only you can spend or use it as nobody else have the right to use what is yours. The problem here is it is nearly impossible to retrieve your Bitcoin ever again as it exist virtually which means it can travel to a lot of different addresses by the time it has been stolen from you.

Ain't there appropriate authorities ( especially  in the countries where bitcoins are recognized ) that handles cyber theft issues?
Those are the authorities I'm talking about....

sure it is illegal

That necessary authority you do mean doesnt exist because theres no division that do make handle on these kind of cases because they do know that it would really be a big work and time consuming thing if they would try to trace up the hacker or scammer which they would end up and saying that this is a pointless thing. In the sense that someone is hacking your wallet then its considered illegal because it is stealing but on laws it cant be considered yet as of now so once hacked then dont expect for retrieval.

For me, the word "hack" already sounding illegal and should require urgent crying out to the necessary authority if such happens to your bitcoin wallet.

You're right --> if there are no laws on the books defining the crime, then it is not illegal.  Using code to "borrow" information from the public domain isn't a crime ---> bitcoin is on a public ledger ---> so it's there for the taking, from a legal perspective.  And, is it even possible to "steal" invisible objects that have no material mass or copyrighted protections?  Bitcoin is an invisible asset that we all agree exists and has value; that's all it is.  What if somebody kidnapped our invisible friends?  Would that also be a crime?  Would it be a crime if we all agreed that our invisible friends existed and were major contributors to our well being?  

There's one point here that seems to have gained a consensus. After reading everybody's responses in the thread, I've noticed something that everybody seems to agree upon.  They seem to agree that hacking is illegal.  Yet, what exactly is "hacking?"  Is looking over my shoulder and taking a snapshot of my PK then using that PK to snipe my coins "hacking."  Is stealing one of the photos off my facebook profile "hacking?"  

The questions here have a much larger scope then I believe our legislative bodies can tackle ---> good thing our networks are so robust ---> the fact that the ledgers are exposed to public attack is what makes the blockchain such a valuable technology.  With bitcoin, the person in possession of the private key is the owner by default ---> the ledger has the final say on that matter because without the ledger bitcoin fails to exist.

I see theft, based on the facts stated. But there are two schools of thought. Let me discuss them.

FIRST. - If you are the victim of account hacking, you can file a case against the hacker because, for all intents and purposes, your country has not spoken about how the treatment for Bitcoin will go about. In short, your government officials' acquiescence on Bitcoin does not amount to it being illegal. Thus, there being no law declaring its illegality, it is LEGAL.

SECOND. - If you are the victim of account hacking, you cannot file a case against the hacker because your country, through your government officials, has not acknowledged the existence of Bitcoins in the first place.

That was very wrong and illegal transaction they do hacking an account.That was a kind of theft and they are so greedy doing like that.The problem now is we cannot accused them and arrest because there is no legal authorities for now in bitcoin.But somedat they will be punished if bitcoin will be legalized in our country.

While bitcoin is not legal, its theft will not be considered a crime

If someone hack your private keys and successfully steal you bitcoin of course that is illegal and a crime but the problem is you cant arrest anyone for that but maybe if bitcoin is legal in your country but if not legal then the authorities cant help you especially bitcoin transaction is hard to to trace. So that is why we need to take care of our private keys and treat it as very important than your life.

Any unauthorized access to your account or computer is considered a violation of the law and will have criminal consequences if the guilty will find. As for your private key, then harder. It can be related to your intellectual property, but to determine the cost of theft is difficult because there is no recognition bakenov and legally to determine its value difficult.

yeah 100% it is correct. around the world mostly people using bit coins. in some country's giving bit coins salary for their employees. so who can try to hack our bit coins wallet that is very wrong and and illegal. but try to hack bit coins is impossible because it is more secure.