You might have not heard about Bitcoin theft very often but it is very much possible. But to steal Bitcoin one requires major technical skills in comparison to physical money. In Bitcoin theft, there is a major hack attack involved. Here, below we have listed out some of the most common modes of Bitcoin robbery. Have a closer look at these to understand how it happens.
Bitcoin theft – some common methods
- Dark web marketplaces getting attacked: Bitcoin exchanges and dark web marketplace vulnerabilities are similar.
- Legitimate exchanges get targeted directly: there are thousands of users and millions of dollars stored in Bitcoin, therefore exchanges become their favorite target. The Bitcoin can be robbed from the Bitcoin wallets of the exchanges. This is used as storage for Bitcoin units which are taken as fees for the exchange. This takes place during the transactions or can even occur from the wallet of the user.
- The vulnerabilities of the wallet get exploited: some Bitcoin wallets have some flaws in them. These are then highly vulnerable to attack from hackers. But as a convenience, some of the providers keep the private keys in the same virtual wallets as funds for Bitcoin. This allows hackers to rob both the keys as well as the funds in a go!
If you want to know more details about conversion of 1 btc to usd then make sure you check it out from authentic sources. Since it is digital currency you could be scammed. So be aware and choose appropriate websites online to get all the relevant information.