With that said, I would like to believe that if caught, these types of seed hacks could be prosecuted. (If viable)
The GNU Taler project might be interesting to you, then.
It is based on design decisions that are refreshingly different from classic crypto currencies (who implement more an anarcho-capitalism mindset). Because of those design differences, I'm not sure if it should be considered a crypto currency or not. (They themselves do not.)
Website: https://gnutaler.org/
Presentation at SHA2017: https://taler.net/videos/sha2017taler.webm
(Too bad I can't edit my original comment anymore here on HN. I find it disgusting to have helped spread a scam website and not being able to fix that afterwards.)
I don't care that I can make a quick buck by preying on people's FOMO, the whole movement is fueled by seemingly emotional, albeit baseless, arguments and bravado.
It's not so much because authorities don't consider it a crime, like stealing WoW gear, but because of the difficulties in investigating and prosecuting the case vs the total losses.
Actually, I do lean towards the notion that stealing/embezzling/defrauding iotas/bitcoins/cuervocoins is legally equivalent to looting gold in WoW.
I see nothing in this news/thread today about "Iota" (which I have never heard of until today) that makes me consider it serious, legal business.
It approaches the seriousness of WoW from below.
This kind of pre-generated seed hack is quite dangerous, a lot of mobile apps, don't have deterministic build so you can't be sure the open source version is the same as the one from apple store, and I bet Apple won't do such a thoroughly search.