You Can Remove DRM From Your Digital Books, but It's Probably Illegal
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I've never heard of anyone getting arrested for removing DRM. DRM removal tools are actively sold online with no crackdown. However people keep getting busted here and there for piracy, and piracy sites keep getting shut down.
I think at the end of the day if the copyright holders are getting paid they don't really care, and the police cares about piracy way less than they do.