Bitcoin Forum
May 22, 2024, 03:59:01 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 [9]  All
  Print  
Author Topic: Is stealing bitcoins illegal?  (Read 9363 times)
elephantas1
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
December 13, 2014, 07:21:27 PM
 #161

For example, if I mislead someone into sending me a large amount of bitcoins (in the United States) would that be illegal?

If I did not force them to do anything, but they sent them anticipating me to send a product in return, but I never send it.

Would this be considered illegal considering no one would know whether the bitcoin address that received the bitcoins was my address?



Yes it is illegal,

Thinking of Trendon Shavers and Pirateat40 when referencing this case, good old Trendon is now paying for his crimes of running a ponzi scheme for investors and then running with the funds, and making a mess here.
isnt it not real money and everything that is done with it cant be illegal?
freedomno1
Legendary
*
Offline Offline

Activity: 1806
Merit: 1090


Learning the troll avoidance button :)


View Profile
December 13, 2014, 09:48:13 PM
 #162

For example, if I mislead someone into sending me a large amount of bitcoins (in the United States) would that be illegal?

If I did not force them to do anything, but they sent them anticipating me to send a product in return, but I never send it.

Would this be considered illegal considering no one would know whether the bitcoin address that received the bitcoins was my address?



Yes it is illegal,

Thinking of Trendon Shavers and Pirateat40 when referencing this case, good old Trendon is now paying for his crimes of running a ponzi scheme for investors and then running with the funds, and making a mess here.
isnt it not real money and everything that is done with it cant be illegal?

Sure, tell that to the SEC they will have a nice seat waiting for you in the hall ^^
https://www.sec.gov/litigation/complaints/2013/comp-pr2013-132.pdf

This Court has jurisdiction over this action pursuant to Sections 20 and 22 of the
Securities Act of 1933 (“Securities Act”) [15 U.S.C. §§ 77t and 77v] and Sections 21and 27 of
the Exchange Act of 1934 (“Exchange Act”) [15 U.S.C. §§ 78u and 78aa].

7. Venue is proper in this district under Section 22(a) of the Securities Act and
Section 27 of the Exchange Act [15 U.S.C. §§ 77v(a) and 78aa] because Defendants may be
found in and are inhabitants of McKinney, Texas; and because certain of the acts, practices,
transactions and courses of business alleged herein occurred within the Eastern District of Texas

Believing in Bitcoins and it's ability to change the world
tzortz
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
December 14, 2014, 01:58:17 AM
 #163

I could not explain differently about stealing , in general, to be legal.

All is Mine!

1H7LUdfx9AFTMSXPsCBror3RDk57zgnc2R
Grand_Voyageur
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


https://dadice.com | Click my signature to join!


View Profile WWW
December 14, 2014, 08:43:41 AM
 #164

yes if you can steal them it is illegal, as per the views of US government right now and a lot of other countries Bitcoins are property and whenever you seize property that does not belong to you thru actions of theft it is illegal and punishable by law. if the value of the theft is over 1000 dollars in most cases it is upgraded to a felony charge and can get maximum sentancing. so if you steal as little as 3 BTC you have committed a felony in the eyes of American law Smiley

That is interesting.
I didn't know that there was a threshold for the amount stolen to decide the severity of the crime.
In my country, I don't think that the quantity involved has an impact on the punishment for the crime.

In almost all jurisdiction exists some threshold on the amount stolen to calibrate the sentencing terms. Relative big amounts get harsher terms while relative small amounts get lesser terms. You know stealing 100$ to a Bill Gates type is not the same as robbing him of 100$ million.

███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
█   ⚂⚄⚀⚃⚅⚁    ██  d a d i c e  ██    Next Generation Dice Game
• Low 1% house edge. • Provably Fair.  
███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
sherbyspark
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


View Profile
December 14, 2014, 09:41:08 AM
 #165

yes if you can steal them it is illegal, as per the views of US government right now and a lot of other countries Bitcoins are property and whenever you seize property that does not belong to you thru actions of theft it is illegal and punishable by law. if the value of the theft is over 1000 dollars in most cases it is upgraded to a felony charge and can get maximum sentancing. so if you steal as little as 3 BTC you have committed a felony in the eyes of American law Smiley

That is interesting.
I didn't know that there was a threshold for the amount stolen to decide the severity of the crime.
In my country, I don't think that the quantity involved has an impact on the punishment for the crime.

In almost all jurisdiction exists some threshold on the amount stolen to calibrate the sentencing terms. Relative big amounts get harsher terms while relative small amounts get lesser terms. You know stealing 100$ to a Bill Gates type is not the same as robbing him of 100$ million.

Most of the bitcoin theft happens electronically by hackers, which makes it almost impossible to trace.
Even if a site like Mtgox, shuts down, then they can just say that the coins were compromised by a hacker, and there is almost no way to prove that they are responsible for it.
funtotry
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


Ever wanted to run your own casino? PM me for info


View Profile
December 14, 2014, 05:08:43 PM
 #166

yes if you can steal them it is illegal, as per the views of US government right now and a lot of other countries Bitcoins are property and whenever you seize property that does not belong to you thru actions of theft it is illegal and punishable by law. if the value of the theft is over 1000 dollars in most cases it is upgraded to a felony charge and can get maximum sentancing. so if you steal as little as 3 BTC you have committed a felony in the eyes of American law Smiley

That is interesting.
I didn't know that there was a threshold for the amount stolen to decide the severity of the crime.
In my country, I don't think that the quantity involved has an impact on the punishment for the crime.

In almost all jurisdiction exists some threshold on the amount stolen to calibrate the sentencing terms. Relative big amounts get harsher terms while relative small amounts get lesser terms. You know stealing 100$ to a Bill Gates type is not the same as robbing him of 100$ million.

Most of the bitcoin theft happens electronically by hackers, which makes it almost impossible to trace.
Even if a site like Mtgox, shuts down, then they can just say that the coins were compromised by a hacker, and there is almost no way to prove that they are responsible for it.
With got at least there is some level of evidence that attackers were stealing coins from them. With a site like gox it is somewhat possible to trace who got/took what as there are records of who requested what withdrawals so they should be able to determine who was overpaid/was able to over withdraw (I think that many people who receive extra from gox did so unknowingly)

exoton
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
December 16, 2014, 04:21:03 AM
 #167

yes if you can steal them it is illegal, as per the views of US government right now and a lot of other countries Bitcoins are property and whenever you seize property that does not belong to you thru actions of theft it is illegal and punishable by law. if the value of the theft is over 1000 dollars in most cases it is upgraded to a felony charge and can get maximum sentancing. so if you steal as little as 3 BTC you have committed a felony in the eyes of American law Smiley

That is interesting.
I didn't know that there was a threshold for the amount stolen to decide the severity of the crime.
In my country, I don't think that the quantity involved has an impact on the punishment for the crime.

In almost all jurisdiction exists some threshold on the amount stolen to calibrate the sentencing terms. Relative big amounts get harsher terms while relative small amounts get lesser terms. You know stealing 100$ to a Bill Gates type is not the same as robbing him of 100$ million.
You need to remember that the common denominator is that stealing any amount of anything valuable is going to be a crime. The only difference is in the penalty
gogxmagog
Legendary
*
Offline Offline

Activity: 1456
Merit: 1010

Ad maiora!


View Profile
December 16, 2014, 08:23:13 AM
 #168

There is got to be intent and with btc theft... It's done by hackers with malware and exploits etc it's like walking around with a burglary kit and "testing" windows to see if they're locked.
There is no innocently stumbled across btc being found. Unless OP was merely alluding to the 6.4 btc someone grabbed out of my computer with a total exploit I had to wipe my HD to get rid of, then yeah... Giving it back is the right thing to do.
Flashman
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Hodl!


View Profile
December 16, 2014, 01:50:41 PM
 #169

isnt it not real money and everything that is done with it cant be illegal?

Thefts of things far less tangible and fungible than bitcoin, such as virtual items from MMPORGs have been prosecuted.

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
Pages: « 1 2 3 4 5 6 7 8 [9]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!