Apple cofounder Steve Wozniak said he was scammed out of $70,000 in bitcoin
Alberto E. Rodriguez/Getty Images
The Economic Times reports that Wozniak spoke at the newspaper's global business summit, and during his on-stage appearance he discussed cryptocurrency.
"The blockchain identifies who has bitcoins, Wozniak said, "that doesn't mean there can't be fraud though."
"I had seven bitcoins stolen from me through fraud. Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy! And it was from a stolen credit card number so you can never get it back."
Wozniak's seven missing bitcoins equate to around $74,000 (£53,000) in lost money. That likely won't be a concern for Wozniak, though, who is worth around $100 million (£71 million), according to CNBC.
Wozniak said that he sold all but one of his bitcoins. "I didn't want to watch the price everyday … I sold all except one. It was enough to experiment," he said.
Get the latest Bitcoin price here.>>
The Bitcoin 101 Report by the Business Insider Intelligence Research Team.
Get the Report Now »
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’