it, what do you do with it? MyBitcoin, a wallet service that stored bitcoins like a bank account, disappeared with about 1 million worth of users bitcoins.
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The only way to get it back is by tracking you down and basically beating you up with a lead pipe. The illegal drug bazaar Sheep Marketplace was plundered, either by hackers or insiders, and about 100 million worth of the currency was stolen from customers. Earlier this month, someone pulled off the largest heist in the history of Bitcoin, forex management act the virtual currency that approximates cash on the internet. Several of the most trusted and well-known Bitcoin companies, including the. Victims of credit card theft can cancel a card or reverse fraudulent transactions, but Bitcoin is attractive to thieves because its transactions are irreversible. Bitcoin is like cash, says Nicolas Christin, an assistant research professor at Carnegie Mellon University who has done extensive analysis of Bitcoin. Allinvain awoke to find that a hacker had stolen about half a million dollars worth of bitcoins. In June of 2011, a user named Allinvain was the victim of what is arguably the first recorded major Bitcoin theft. I feel like killing myself now, he wrote at the time. The supposedly high-return investment fund Bitcoin Savings Trust turned out to be a pyramid scheme, its owner charged with ripping off investors for.5 million in bitcoins.
There have been dozens of Bitcoin thefts since then. Bitcoin heists are actually not uncommon. My last blog (wordpress) was hacked and I ended up losing several weeks of hard.