Unless I've misunderstood; that's exactly why I asked the question in my original comment. I'll explain my / the reasoning:

I own a game on a Steam account (A) and want to hack (and evade bans) using another Steam account (B).

I share my library/game from account (A) to account (B) then hack on account B and only account B gets banned... What's to then stop me from making Steam account C, D, E, F... etc? Absolutely nothing. Hence the double ban.

I stress that if you do share a game / your Steam library with others you trust them explicitly.