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BrolySSJ

Russian court says that bitcoin theft is not a crime?

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On the 30th of June 20202, a Russian court diverted down a solicitation from a victim of a 100 Bitcoin robbery looking for compensation, with the court contending that digital forms of money have no legitimate status. The court says that bitcoin, as a digital currency, does not enjoy the same property protection as other assets.

The case returns to 2018, when the two men imitating Federal Security Service (FSB) specialists and their associates seized the person in question and constrained him into giving them 5 million rubles or $90,000 in real money and 99.7 BTC — worth about $900,000 at that point. The criminals were condemned to eight-and ten-year jail sentences.

The casualty may in any case attempt his case in a civil court. Despite any future legitimate procedures, this court choice is wonderful — basically, it proclaimed that Bitcoin burglary isn't a wrongdoing.

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5 minutes ago, BrolySSJ said:

On the 30th of June 20202, a Russian court diverted down a solicitation from a victim of a 100 Bitcoin robbery looking for compensation, with the court contending that digital forms of money have no legitimate status. The court says that bitcoin, as a digital currency, does not enjoy the same property protection as other assets.

I read the report and while the decision and it is a disgrace. What this means anyway that digital assets are not regulated? There are laws about digital posession. A website has a cost to create and a price. Does it mean that anyone can hack a website and have no problems with that if he gets caught? Since there is no regulation how this court decided that Bitcoin is a digital currency anyway? What this court order means is that anyone in Russia will be allowed to steal any amount of Bitcoins and face no persecution. I'm impressed by this decision and wonder how these judges are able to perform their duties. Anyway I'm sure that this decision will be contested. I don't know how the Russian justice system works, but usually one court order is not enough and all cases can move to a higher court for re-examination.

5 minutes ago, BrolySSJ said:

Despite any future legitimate procedures, this court choice is wonderful — basically, it proclaimed that Bitcoin burglary isn't a wrongdoing.

Really that's what you believe that this decision was wonderful? Would you enjoy people getting into your house and stealing your things?

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4 minutes ago, BTC Future said:

Really that's what you believe that this decision was wonderful? Would you enjoy people getting into your house and stealing your things?

I am not implying wonderful. This was a sarcastic comment to show the ridiculousness of the decision in my opinion, because a crypto theft should be considered as a theft nonetheless as there is funds that are being stolen. I think that the court's decision was not right in this case. 

 

Please do not mistake the tone in which that last statement was intended. It was complete sarcasm. I hope that clears it up. @BTC Future

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28 minutes ago, BrolySSJ said:

Please do not mistake the tone in which that last statement was intended. It was complete sarcasm. I hope that clears it up. @BTC Future

Ok I understand. It was looking strange the way you put it though, that's why I asked. I'm glad it was sarcasm.

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digital assets burglary happens every day , we know its wrong doing but no one can stop that and no law can keep up with that , we can see thousands of scammers our-self all over internet  , first i wonder how that victim has traced the person who stole it if it was the bitcoin, even if the rules are made for such tricking and cheating then transaction should be made with some sort of criteria 

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I also made this kind of information and I was wondering why the moderator deleted my topic, now I know this is the reason you had posted it first, well not hates. I will now use the search engine the next time I am going to create a topic.

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this is really wondering me , I think This is. true also . there isn't any exixt of Bitcoin , Bitcoin is not a property of anyone . we should protect our bitcoin itself becuase there isn't any way of recover them .

 

 

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So many countries not accept crypto currency including Russia also, but how this country courts not considered bitcoin stilling is not crime I can't understand,I know bitcoin is digital currency and we can't see but we invest paper currency to buy bitcoin means we invest real money, if anyone still our investment then how we accept, I think this courts need changes some laws to take actions against this type crimes.

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Are you kidding me! Theft is theft, no matter how it is carried out. The thief should have been punished. They are indirectly making cyber theft normal. If he wasn't caught, it would have been a different story. But saying bitcoin burglary is not a crime! That is messed up

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Well many of the government doesn't accept crypto,  so of there citizen are hacked or scammed by anyone and his crypto is robbed then he has no place for complain.  Although he may know the person who does it, but whom to complain is his problem. So my suggestion is that there must be a universal crypto court.

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7 hours ago, Cryptolover277 said:

Yes Bitcoin theft is not crime because Bitcoin in not someone property. Even Bitcoin doesn't exist that's why it's not a crime in this world. 

Hello dear, you already 6 negative reputations, maybe you should assess the situation why you re having a negative reputation, you should create good and quality posts for you to remove those negative, try to elaborate more the things you want to say, maybe there is some person who is not appreciating small details.

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In fact, the governments did not first recognize the legitimacy of the Bitcoin until it defended it, so governments cannot defend these digital currencies unless they formally recognize them, and no lawsuit can be brought against people who steal currencies.

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I have here a link to an article that further delves into the matter:

https://www.coindesk.com/russian-courts-cant-agree-on-whether-crypto-is-property

 

It insinuates that even the courts have conflicting stances on cryptocurrencies' status as an asset. An excerpt from the link states as follows:

Quote

The decision is nothing more than a mistake, believes crypto-savvy lawyer and deputy head of the Chamber of Tax Consultants in Russia, Mikhail Uspenskiy. “The stance that cryptocurrency is some kind of a dummy and has no legal significance, is deeply flawed and erroneous,” Uspenskiy told CoinDesk. 

If anything, the newest criminal case can at least serve as a test case for lawmakers to finalize the country's take on crypto. Until then, we might see some more cases like these in the future, since it will embolden other criminals to target crypto holders knowing that they won't be punished as heavily had they took other forms of assets.

 

*sarcasm* It must be heaven for crypto enthusiasts there to know that crypto is getting popular to the point that many people, even the unsavory ones, are getting interested. And the government is REALLY taking good care of them.

 

But seriously, we hope that whatever decision the courts make will go favorably to crypto users. There are some sections of their government who understands that it will be a wasted opportunity if crypto becomes heavily restricted and the crypto users become scared of being targeted just because they have no legal protection.

 

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New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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Since bitcoin has no legitimate status on the said country, i think they cannot give any legal action to the said event since bitcoin is not under their constitution. That's why the court said it. Anyway, we should be careful of our e wallet to avoid same event especially if your country has no implemented laws about Cryptocurrency.

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I also heard this and i was just shocked how court can't take action to recover the 100btc loss. And I'm wondering why they doesn't consider Bitcoin as legal property and they are just promoting the btc theft. As anyone can show weapons and ask you to send btc and it's also legal? Why work and earn if you can loot others btc? Xd

Surely if proper action isn't taken out and as the cases in court rely on older same case and decision this will create chaos in Russian Crypto market increasing such cases more in future. Russian should raise their voice against this unfair decision by government.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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Yes, this is normal for the court to say that Bitcoin theft is not a crime because the court applies the laws in this country and since Bitcoin is still not legally recognized in Russia, so they considered that this theft is not a crime, so the solution is to protect our cryptocurrencies with all Possible means

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This news makes me wonder what would happened when i will robbed .Mine BTC will not be returned but in my country the crypto is illegal but the government stated also if you can show your money trial you are eligible to hold crypto assets.Which give s me hops.The government is also start making frame  work for crypto and digital crimes.Which will be good for country .But as we see the court follow the international  finance committee where digital assets does not hold  same  legitimacy .

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@BrolySSJ, good topic but I would want to take into consideration putting your information sources after a post, this will help readers believe in the authenticity and probably read more. 

 

Back to the subject, what can we say about this, it won't reverse the judgement or prevent future similar situation (I am 100% not in support of this, don't get me wrong). The judgement said because Bitcoin is not regarded as an asset. Don't be surprised we might see similar judgement in some territories, until it is regarded as one. Simple!.

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This is because, there is no such rules and law in countries about digital and crypto currencies. And it's also look strange that scamming and thefting crypto is no crime.

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Crypto has now been declared legal in Russia.

https://cryptotalk.org/topic/109340-crypto-now-legal-in-russia-although-with-restrictions/

 

And what will become of this particular case presented in this topic? Because even though the criminals can now be convicted for stealing BTC, the owner might have some trouble getting it back, since a declaration of ownership may be required of him, and how can he declare something that he currently does not possess?

 

Please update this topic if there are new developments on the case. I'll be waiting 😁 .

 


 

New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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I think that cryptocurrencies must develop a system in order to fight fraud cases by many fraudsters and at the same time a lot of hackers in order to steal money from others I think we should also be careful in this world full of thieves

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On 7/2/2020 at 1:36 PM, gourav789 said:

this is really wondering me , I think This is. true also . there isn't any exixt of Bitcoin , Bitcoin is not a property of anyone . we should protect our bitcoin itself becuase there isn't any way of recover them .

 

 

Yes, I agree with you, I think that in the future there will be greater protection for cryptocurrencies and the court will consider currency robbery a crime punishable by law.

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2 minutes ago, Omar Ommeish said:

Yes, I agree with you, I think that in the future there will be greater protection for cryptocurrencies and the court will consider currency robbery a crime punishable by law.

I have read somewhere that this has changed now and this theft will be punished now because russia agreed to accept crypto and made it law to own crypto for the citizens. This is only good news and help with adoption.

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I don't know how truely this Matter is but this is uncalled full situation, these are some of the things that is tarnishing the image of Crypto currency system in the public, creating fear and misconception in people, thinking if they join the system there safety is not assured. However in nearest future Crypto will develop beyond imagination to properly arrest and tackle such kind of challenges.

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This was not only due to the dollar's role as a safe-haven asset amid geopolitical tension but also because of a postponement in market expectations regarding the timing of the Fed's easing of monetary policy. After the inflation data published on April 10, market participants decided that the first rate cut would not happen in June but in September, causing the Dollar Index (DXY) to surge sharply. Naturally, the strengthening of one asset in a currency pair led to the weakening of the other: the principle of leverage is irrefutable.   Now, a few words about what awaits the main cryptocurrency after the halving. This year, 75% of the investment influx has been provided by the newly launched spot bitcoin ETFs in the U.S. Their combined balance now totals $12.5 billion, with the U.S. accounting for over 95% of the global inflow into exchange-traded crypto funds. The interest in ETFs has been so strong that BlackRock's fund became the fastest-growing in history.   According to CryptoQuant analysts, the reserves of bitcoin on exchanges will last only a few months at the current rates. Total available exchange reserves have decreased by more than 800,000 BTC and have reached their lowest level in the history of two-year observations. As of April 16, they stand at about 2 million BTC. Assuming a daily influx into spot BTC-ETFs of about $500 million, which at current prices equates to approximately 8,025 coins, it would take just nine months to completely deplete these reserves.   The results of calculations using the Stock-to-Flow (S2F) model, which demonstrates the relationship between an asset's usage and its reserves, show that after the halving, the bitcoin S2F coefficient will reach 112 points. This is nearly twice the S2F for gold (60 points), indicating that by January 2025, bitcoin will become a more scarce commodity than the most popular precious metal.   In such a scenario, another powerful new driver could emerge. Following the U.S., similar investment inflows into cryptocurrency could be provided by spot ETFs in China. According to insider information from Bloomberg, the SEC of Hong Kong could make a positive decision on launching such funds within the next few days. And perhaps the predictions by ARK Invest's CEO, Cathy Wood, and author Robert Kiyosaki, who expect the price of bitcoin to reach $2.3 million per coin by 2030, are not so far from the truth.   As of the evening of Friday, April 19, BTC/USD is trading around $64,150. The total market capitalization of the crypto market stands at $2.32 trillion, down from $2.44 trillion a week ago. The Crypto Fear & Greed Index has dropped from 79 to 66 points, moving from the Extreme Greed zone to the Greed zone.   Finally, a bit of intriguing information for collectors. As it has been revealed, miners have begun active preparations for the "hunt" for the first "epic" satoshi to be mined after the current halving. Whoever mines it might receive a substantial sum, as the estimated value of this "collectible" digital coin could be several tens of millions of dollars. About two years ago, Casey Rodarmor, creator of the Ordinals protocol on the blockchain of the first cryptocurrency, developed a system for classifying the rarity of individual sats. With the launch of "inscriptions," it became possible to number and sell fractions of bitcoin similar to non-fungible tokens (NFTs).   Rodarmor's scale varies from the first "unusual" satoshi in each block to the "mythical" – the very first in the history of the blockchain. One of the highest degrees of rarity is the "epic" sat, mined in the first block after each halving. It is possible that collectors might value such an asset even at $50 million. (Remember that a satoshi is one hundred millionth of a bitcoin (0.00000001), and at the current BTC price, the price of a regular, non-collectible sat is just $0.00064). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Get Up to 500 USDT FREEEEEEE    👇🥳  👉   Go Spin and win 5 BTC & all Crypto  ☝️💸
    • Наступило еще одно сокращение награды биткойнов вдвое, четвертое на данный момент, и оно не было похоже ни на одно другое до него, причем институциональные инвестиции впервые сыграли ключевую роль. Уполовинивание биткойнов исторически было связано с одним существенным сходством — последующим скачком цены BTC , который часто происходит через некоторое время после халвинга. Хотя сообществу еще предстоит выяснить, пойдет ли четвертое халвинг по тому же пути, кое-что уже изменилось в халвинге Биткойна в 2024 году. База пользователей криптовалют выросла как минимум на 400% с момента сокращения вдвое в 2020 году Хотя скорость генерации новых биткойнов снизилась со времени первого халвинга, спрос не остался на месте. По данным различных источников , с момента предыдущего сокращения биткойнов вдвое, которое произошло в мае 2020 года , глобальная база пользователей криптовалюты увеличилась как минимум на 400 миллионов пользователей. По оценкам Кембриджского центра альтернативных финансов (CCAF), в 2020 году число владельцев криптовалют во всем мире составило около 100 миллионов пользователей . По оценкам криптобиржи Crypto.com, к концу 2023 года число пользователей криптовалюты в мире выросло до 580 миллионов человек . Глобальные пользователи криптовалюты с января 2023 г. по декабрь 2023 г. Источник. Крипто.com Несмотря на то, что Биткойн является крупнейшей в мире криптовалютой по рыночной капитализации и самой старой, у него, очевидно, меньше пользователей, чем у всей криптоэкосистемы. По данным Technopedia, по состоянию на 2024 год около 2,7% мирового населения будут владеть биткойнами, что составляет около 219 миллионов  человек. Если верить данным, то, согласно расчетам Crypto.com, эта цифра выросла примерно на 208% по сравнению с 71 миллионом пользователей Биткойна четыре года назад. В случае с Биткойном или большинством других криптовалют оценка большинства пользователей не может быть на 100% точной, поскольку анализ транзакций в блокчейне часто неспособен отличить долгосрочных держателей от потерянных BTC, а также других факторов. Ралли биткойнов перед сокращением вдвое в 2024 году еще не наблюдалось Одно из самых больших различий между четвертым сокращением биткойна и тремя предыдущими  заключается в том, что перед сокращением в 2024 году цена продемонстрировала необычайный рост. В предыдущих циклах цена Биткойна регистрировала снижения перед халвингом, а новые исторические максимумы были достигнуты примерно через год после даты сокращения награды ха блок. Например, биткойн не поднялся выше ранее установленного ATH в 20 000 долларов до халвинга в 2020 году. В этом цикле цена Биткойна превысила ATH только через 10 месяцев после сокращения вдвое. На этот раз картина совсем иная. В текущем цикле Биткойн достиг рекордного максимума прямо перед событием халвинга, установив рекорд в 73 600 долларов 13 марта 2024 года. Такого прорыва никогда раньше не наблюдалось, и с этим согласны многие аналитики, в том числе криптоаналитик eToro Саймон Питерс. На этот раз майнеры «лучше подготовлены» к халвингу Невиданное ранее повышение цен на биткойны перед сокращением вдвое потенциально оказало положительное влияние на майеинговую отрасль, поскольку майнеры получили больший контроль над затратами на добычу биткойна. «По сравнению с предыдущим сокращением вдвое, похоже, что майнеры в целом находятся в лучшей форме с точки зрения более низкого уровня долга и потенциально лучшего контроля над своими расходами, такими как электричество», — сказал директор по исследованиям Fidelity Digital Assets Крис Койпер, добавив: «Что также помогает майнерам в этом цикле, так это повышение цен перед  сокращением вдвое — то, чего также не наблюдалось в предыдущих циклах». С момента третьего сокращения вдвое в мае 2020 года потребление энергии при майнинге биткойнов значительно возросло, увеличившись примерно с 50 тераватт-часов (Twh) до 99 Twh 18 апреля 2024 года. Энергопотребление биткойнов. Источник: Дигикономист В то же время объем потребления энергии в сети Биткойн, основанной на возобновляемых источниках энергии, также увеличился: по данным Bitcoin ESG Forecast, на долю возобновляемых источников энергии приходилось 54,5% потребления майнинга BTC по состоянию на январь 2024 года. По данным CCAF, по состоянию на сентябрь 2020 года этот показатель составлял 39%. Первое сокращение биткойнов вдвое с помощью спотовых BTC ETF в США Одна из самых простых особенностей сокращения биткойнов в два раза в 2024  году заключается в том, что это сокращение вдвое станет первым в истории, когда биржевые фонды BTC (ETF) включены в Соединенные Штаты. После многих лет усилий спотовые биткойн-ETF дебютировали в январе 2024 года, открыв доступ к биткойнам для институциональных инвесторов.   По словам аналитика Bloomberg ETF Эрика Балчунаса, спотовые биткойн-ETF добились «ошеломляющего успеха», что, очевидно, отражает всплеск спроса на биткойн.
    • 20.04.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.7% (Мы доплачиваем) USDT  +1.7% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.9%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  - по запросу USDT   - по запросу   Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • точно не зна, насчет 1го, но во втором стандартные долбанутые а ля erc20 комиссии   кстати, с наступившим !   можно халвы купить в 5ерочке отпраздновать   и тончик снова припал
    • Представители Федерального бюро расследований предупреждают общественность о распространении программы-вымогателя Akira. Согласно заявлению ФБР , программа-вымогатель Akira Bitcoin ( BTC ) нанесла многомиллионные убытки различным компаниям и организациям в Северной Америке, Европе и Австралии. Вредоносное ПО получает доступ к инфраструктуре предприятия через VPN, получая доступ к программному обеспечению без многофакторной аутентификации. Затем Акира крадет конфиденциальные данные и важную информацию, блокируя доступ к системе. Далее на экране отображается сообщение с требованием выкупа. Хакеры используют биткойн в качестве способа оплаты.   В результате распространения программы-вымогателя неизвестные мошенники завладели более чем $42 млн, затронув более 250 компаний. Первоначально хакеры атаковали компьютерные системы на базе Windows, но позже следователи выявили и Linux-версию Akira. ФБР совместно с Агентством кибербезопасности и безопасности инфраструктуры (CISA), Европейским центром по киберпреступности Европола (EC3) и Национальным центром кибербезопасности Нидерландов (NCSC-NL) выпустило специальное предупреждение. Ранее ФБР опубликовало отчет о мошенничестве с инвестициями в криптовалюту. По данным агентства, в 2023 году этот показатель увеличился на 53% до $3,94 млрд. Как пояснили в ФБР, большая часть афер была связана с обещанием высоких прибылей от инвестиций в цифровые активы и составляет 86% всех потерь от инвестиционного мошенничества. В Соединенных Штатах.
    • Как и другие L2-решения, конкуренты (солана) и сам эфир. У меня возникла мысль, не перелезть ли с матика в оптимизм, арбитрум или еще что. Как раз пока дно. Но че-то лень. А другие более значительные перед халвингом были? Уж какие случились. Я пересказы видел и не потянуло слушать целиком.
    • Здравствуйте, уважаемые пользователи!   Хотим Вас уведомить, что на сайт добавили следующие направления обмена: Solana SOL > USDT TRC20 USDT TRC20 > Solana SOL
    • Мы рады объявить, что поддерживаем JTO на нашей платформе!   Jito (JTO) — это управленческий токен в экосистеме Solana, направленный на максимизацию преимуществ жидкостного стейкинга и снижение негативного воздействия максимально извлекаемой стоимости (MEV). Держатели токена JTO могут участвовать в процессах принятия решений, влияющих на развитие сети, таких как управление фондами казначейства и установление тарифов для пулов стейкинга.   Обменивайте JTO по лучшим курсам на: easybit.com/ru 👈  
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