How thieves manage to steal cryptocurrency


Bitcoin and other cryptocurrencies are bought, sold and stored on exchanges, just like commodities in the non-virtual world. But crypto investors, and those who organise exchanges, often object to centralised control and reject stringent oversight – and that sometimes leads to lax security. — Reuters

PARIS: US officials announced on Feb 8 they had recovered US$3.6bil (RM15.06bil) of bitcoin stolen in a 2016, throwing a light on the scams that surround cryptocurrency.

But how exactly do criminals steal in the virtual world?

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Waymo discusses raising billions at over $100 billion valuation, the Information reports
Hacking group ‘ShinyHunters’ threatens to expose premium users of sex site Pornhub
X Corp sues social media startup over bid to claim 'Twitter' brand
US threatens countermeasures after EU fine on Musk's X
Bank of Canada wants stablecoins to be backed by high-quality liquid assets
Factbox-From trend to mainstay: AI to cement its place at the core of 2026 investment strategies
Data and AI firm Databricks valued at $134 billion in latest funding round
Business leaders agree AI is the future. They just wish it worked right now
Review: Defend a moving city in 'Monsters Are Coming' for PC and Xbox
Chip crunch to curb smartphone output in 2026, researcher says

Others Also Read