What is the consequences of cybercrime? Individuals bear the brunt of the consequences of cyber crime. With the gadgets, there may be difficulties such as data breaches, identity theft, or trafficking to harmful websites, among other things. As a result, one may notice unusual purchases on their credit cards and lose access to their financial accounts.
Can the police do anything about stolen crypto? Today, law enforcement can use software to track and trace bitcoin transactions and give them the leads they need to follow the money trail.
What happens if a crypto exchange is hacked? First, if the exchange is hacked, you may lose your holdings. Second, if the exchange were to fold for any reason, you may not have recourse to recover your holdings. Instead, many cryptocurrency exchanges let customers hold their U.S. dollar balances in linked accounts at partner banks insured by the FDIC.
What is the punishment for a hacker? Penalty for Unauthorized Computer Access
Misdemeanor probation; Up to one year in county jail; and/or. Fines up to $5,000.