Cryptocurrency thefts are rising: How to safeguard Bitcoin, Crypto assets?
Cryptocurrency thefts have hogged the headline as some of the crypto’s key characteristics reveal reasons why wealthy individuals who hold a lot of digital assets can be ripe targets for such attacks. Experts have advised ways to tackle the threats and safeguard the assets, as per a report.
The headline-grabbing tale of an Italian man who said he was kidnapped and tortured for weeks inside an upscale Manhattan townhouse by captors seeking his bitcoin highlights a dark corner of the cryptocurrency world: the threat of violence by thieves seeking digital assets. The alleged attempted robbery is known as a “wrench attack”. It’s a name popularized by an online comic that mocked how easily high-tech security can be undone by hitting…
