One of the great things about the blockchain and cryptocurrency is the fact that it operates outside the commercial banking system. Unfortunately, this means that when cryptocurrency is stolen (or, more accurately, when it is transferred without the consent of the account holder), account holders are often left without any meaningful recourse. Unlike a bank,..

The post NY Courts: Who is Liable When Cryptocurrency is Stolen? appeared first on Security Boulevard.

Mark Rasch

Source: Security Boulevard
Source Link: https://securityboulevard.com/2023/08/ny-courts-who-is-liable-when-cryptocurrency-is-stolen/