Published On: Sat, Nov 25th, 2017

Crypto Caper! Austrian Man has $117K in Bitcoin Stolen Over Public WIFI Network

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$117,000 worth of Bitcoin was reportedly stolen from an Austrian man’s laptop in Vienna after he logged onto a public WIFI network at the restaurant he was eating in.
The as yet unnamed victim, as reported by CBS News, told authorities that his Bitcoin was transferred from his wallet after he logged onto a public WIFI network at a restaurant in Innsbruck, Austria. Police have so far been unable to confirm whether the victim’s computer had been hacked when he logged into the public network or if he had possibly been hacked prior to his claim. The coins themselves, worth over $117,000 at Bitcoin’s current price, were moved to an “unknown, untraceable account”.
Responsible Ownership

News of the theft highlights the responsibilities that those who invest in cryptocurrencies face in order to retain full control of their coins. Managing your own internet security comes hand in hand with owning Bitcoin. Using a strong password and encrypting your wallet can go a long way toward protecting your coins from malicious attacks. Furthermore, when using public wifi, you really should only be connecting if you run a VPN style service. Not running a VPN …

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