As Bitcoin Booms, So Does Bitcoin Bank Robbery

By Adam Pasick

November 25, 2013

Robbing a bank is such a hassle in the real world, with all the complicated logistics of weapons, vaults, dye packs, and getaway cars. It’s a lot more straightforward to rob digital currency exchanges and payment processors. To paraphrase bank robber Willie Sutton, that’s where the bitcoins are.

The huge interest in bitcoin and the concurrent surge in the value of the currency—bitcoin has risen 6,000% versus the US dollar in the last year and 300% just this month—has also created a growing incentive for larcenous hackers:

Read the full story at Quartz to find out how you steal a bitcoin, anyway.


By Adam Pasick

November 25, 2013

http://www.govexec.comhttp://www.nextgov.com/emerging-tech/2013/11/bitcoin-booms-so-does-bitcoin-bank-robbery/74474/