Steve Wozniak loses $75K worth of BTC in Bitcoin scam

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Apple co-founder Steve Wozniak has become the latest victim of an elaborate Bitcoin scam, taking the tech millionaire for $70K.

“The blockchain identifies who has bitcoins… that doesn’t mean there can’t be fraud though,” he told the Economic Times of India this week.

“I had seven bitcoins stolen from me through fraud. Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy!

“And it was from a stolen credit card number so you can never get it back.”, meanwhile, was reporting on yet another crypto heist, this one raking in $530 million.

On Jan. 26, roughly three days after the recorded suspicious transmissions at Japan's Coincheck, that exchange was stung by the theft of JPY58 billion worth of digital money.  Investigators are working off the assumption that an overseas hacker group got its hands on Coincheck’s encryption keys.

A 100-man cybercrime team from the police department has already set up an investigation headquarters on Monday, a month after the virtual currency theft. The investigation, however, will prove to be quite a challenge, given that hacker groups are known for hiding behind multiple servers.

Currently, an estimated JPY15 billion worth of the stolen NEM have reportedly been exchange for other virtual currencies in dark websites. The MPD and the NEM Foundation have pledged to beef up the monitoring of the movements of NEM, particularly in the dark web.

- Aaron Goldstein,

Business/Financial News

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