Pricey bit­coin tar­get of hack­ers

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BIT­COIN in­vestors are be­ing warned about the po­ten­tial of hack­ers as the cryp­tocur­rency’s price surges. Be­cause bit­coin trans­ac­tions are ir­re­versible, if hack­ers get their hands on in­vestors’ hold­ings, vic­tims will not be able to get a re­fund. Mal­ware ex­pert Alexey Malanov said cy­ber­crim­i­nals used var­i­ous meth­ods to get their hands on the cryp­tocur­ren­cies. “There have been sev­eral huge hacks of cryp­tocur­rency ex­changes and the trend will only con­tinue,” he said. He ad­vised bit­coin own­ers “not to store their money on ser­vices”.

PHOTO: EPA

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