Concerned about Bitcoin security? Try this
It happened again. Last week, hackers stole 4,700 Bitcoins (over $80 million at today’s price) from mining marketplace NiceHash.
(The company pairs up people with spare computing power with others who are willing to pay to use that capacity to mine Bitcoin – and then announced they would reimburse users who lost money from the hack.)
On top of that, last month hackers stole $31 million of another cryptocurrency called Tether.
But those are only two recent attacks.
Remember Mt. Gox?
The Bitcoin exchange was founded 2010. By 2013, it was handling around 80% of all Bitcoin transactions.
Then the company halted all trading after ‘technical issues’ caused 850,000 Bitcoins to go missing.
This post was published at Sovereign Man on December 14, 2017.