Legal loophole leaves Germany unable to prosecute ‘crypto’ theft
German prosecutors are unable to convict criminals of digital asset theft thanks to a gap in the German Criminal Code (StGB), according to a recent court decision in the jurisdiction.
The loophole was brought to light due to the trial of a man accused of stealing 2.5 million euros ($2.8 million) worth of various digital assets. The unnamed accused had helped the victim create digital asset wallets and gained access to the wallets’ 24-word seed phrase. The accused then transferred…
