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Topic: Theft Online - Reimbursement? - page 2. (Read 352 times)

legendary
Activity: 3668
Merit: 6382
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May 28, 2019, 01:54:39 AM
#5
When coins are stolen from the web wallet, will the site pay back the victim money?

Most probably not. Insurance is something still greatly missing in crypto world.

Any reputable site has to have some Terms and Conditions you signed that you agree.
And most of them write clearly there that they are not liable for the loses.
Just people read that only when it's late.

Also, if your account details are compromised, then it's 100% your fault and nobody on Earth would reimburse you.
legendary
Activity: 3038
Merit: 1169
May 28, 2019, 01:49:03 AM
#4
Obviously not, Well most sites have provided different security that you need to apply and if you don't then that is somewhat the user's fault but it will surely depend on the sites given rules and regulations in what to do in this kind of situations, If the site has a certain fault with this kind of incident then I think that will automatically need to be given compensation if that is written in the contract or the terms settle with the site and the user.
legendary
Activity: 4466
Merit: 3391
May 28, 2019, 01:28:41 AM
#3
When coins are stolen from the web wallet, will the site pay back the victim money?

Depends on the site.
legendary
Activity: 3542
Merit: 1965
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May 28, 2019, 12:55:17 AM
#2
You should move this question to the beginners & Help section, here :  https://bitcointalk.org/index.php?board=39.0 

The short answer is NO, but it can depend on the circumstances and what 3rd party service you use. If the site is responsible for the loss, then they have an obligations to their clients to reimburse them, but in some cases these losses are so huge that they simply cannot reimburse people.

Individual cases will be handled on merit and most of these services will find a way to get out of paying, by simply pointing to some clause in their ToS.  Roll Eyes
jr. member
Activity: 132
Merit: 3
May 27, 2019, 11:52:52 PM
#1
When coins are stolen from the web wallet, will the site pay back the victim money?
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