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Posts Tagged ‘hackers create fake bitcoin wallets’


Hackers Create Fake Bitcoin Wallets

Our attention to the current bitcoin feeding frenzy has been focused on how closely it resembles previous boom and bust cycles. (Could You Be a Bitcoin Billionaire, What Should Bitcoin Be Worth?) But there is another concern as more and more investors pile into cryptocurrencies. Hackers create fake bitcoin wallets to steal your money. How does this work?
A Virtual Currency
If you have money deposited in a bank in the USA your money is backed by the full faith and trust of the US government. Your deposits are insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000. And, instead […]

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