Bitcoin, a digital currency, was created in 2008. Shares of Bitcoin are sold on internet exchanges where users remain anonymous. As the value of the cryptocurrency continues to hit record highs, here’s how it works.
Scammers and thieves supposedly made off with around $24 million in Bitcoin in the first six months of 2020, according to reports.
Twitter bot Whale Alert, which tracks large transactions of cryptocurrency such as Bitcoin, worked with Scam Alert to produce a “crime reporting, tracking and analysis” report. Bitcoins, as a digital cryptocurrency, verifies every transaction, meaning that any use and exchange of a bitcoin can be tracked.
The initial analysis showed that some $38 million in bitcoin was stolen over the past four years (excluding Ponzi schemes), with $24 million in the first six months of 2020…
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https://www.foxnews.com/tech/bitcoin-scammers-extracted-24-million-in-2020-alone-report?yptr=yahoo