Umm...I guess 'citation needed' on the VAC ban part? Valve has a very strict zero-tolerance policy w.r.t VAC bans. As far as I know, reversals are rare and only happen in mass when VAC bugs out and detects a legit program as a cheat which results in an incorrect ban wave which then gets reversed.
I'm pretty sure that if I got access to your account and got your account banned, you'd be SOL.
On the other hand, VAC bans now only affect the single game that the cheat was used in, so your entire Steam library won't be trashed. Exceptions to this include early Source games (e.g. cheating in CS:S will get you banned in TF2) and HL engine games (e.g. CS 1.6 ban also affects DoD)
Yes, if you get access to my account and get it banned I'm SoL except if it were through some fault of their own. Same with items. [1]
They've reversed several waves of bans, with a number listed here [2] that you can follow the links through on if you feel like doing so. It's very rare but it happens.
I'm pretty sure that if I got access to your account and got your account banned, you'd be SOL.
On the other hand, VAC bans now only affect the single game that the cheat was used in, so your entire Steam library won't be trashed. Exceptions to this include early Source games (e.g. cheating in CS:S will get you banned in TF2) and HL engine games (e.g. CS 1.6 ban also affects DoD)
https://support.steampowered.com/kb_article.php?ref=7849-RAD...