[dangero]

What happens when someone steals someones private keys and transfers the tokens to their account?

What happens when someone loses their private keys? The asset by US law is tied to them as a person, not a bearer instrument like a private key.

[rickycook]

stealing private keys is the same thing as forging an identity in that case. someone can always forge documents to make a transfer of the asset

[dangero]

Yes of course but how do you resolve that discrepancy on the immutable ledger records?