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What is Bitcoin Copy Theft (Bitcoin Theft)?

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What is Bitcoin Copy Theft? Why are so many people exploiting this loophole to s

What is Bitcoin Copy Theft (Bitcoin Theft)?

What is Bitcoin Copy Theft? Why are so many people exploiting this loophole to steal coins? Because they don’t know how to steal your funds in this way. On December 17, 2018, a trader named “WhaleAlert” discovered the consequences of having his account robbed. His account also received a message similar to the 2016 hacking incident: https://bitcoincash.org/2019/1/17. He tweeted, “My address is 1F4fD9e3C5Aa7d8b6BcE0”. Shortly after, “whalealert” posted another message: “I have lost a lot of BTC.”According to WhaleAlert’s data, as of now, nearly 5000 BTC (worth over $100,000) has been transferred to multiple different wallets, some of which are still stored in other wallets. This indicates that users may not want to keep their assets on exchanges or invest from third parties.

Bitcoin Theft

According to a report by CoinTelegraph, the US Department of Justice’s cybercrime division is investigating a Bitcoin theft case. According to the report, two hackers collectively stole over 10,000 BTC (worth about $30 million). It is reported that this case is one of the main victims of the “Coinbase cryptocurrency exchange theft incident”. Earlier, sources said that the encryption company BitPay has suspended services.

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