While Bitcoin’s value continues to ebb and flow, its overall upward trend is fueling a fresh wave of mainstream and institutional interest. No longer a fringe asset or speculative gamble, Bitcoin is now backed by major financial institutions and increasingly referenced in policy circles.
The hype around the cryptocurrency, fueled in part by high-profile endorsements like that of the US President, has created a ripe environment for malicious actors.
Earlier this year Cloudflare published a report entitled ‘Bitcoin to the moon: Trump endorsing, scammers exploiting’ exploring how cyber threats are evolving in step with crypto’s growing popularity.
Field CTO, EMEA, Cloudflare.
