I have a question, if your website has anything to do with hacking, does that make Google not want to put the website in their search engine?
As long as your site does not contain illegal stuff.. it you will be ok. For example, educational purpose on hacking content is healthy
Why would there be a problem? You might be better off with an offshore server but I don't think google as a company would go after you for a website about "hacking" and "selling myspace accounts."
http://www.google.com/search?hl=en&q=hacking&btnG=Google+Search ^^ Just this one search alone would tell me the answer to your question is no.
If your content is about legal hacks then it's OK. Make sure you don't get in deep details about some serious staff. That could cause troubles. Publishing stolen account details, credit cards, paypal accounts, etc. will get the authorities attention I think.