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Stealing Bitcoin requires more knowledge and technical skills than stealing fiat cash. In most cases, sophisticated hacker attacks have been part of Bitcoin. Yes, people can steal cryptocurrencies by copying and pasting wallet addresses when sending them. This is a common type of phishing scam known. Hackers can gain access to cryptocurrency owners' cryptocurrency wallets and exchange accounts to steal crypto. Blockchain Security. Bitcoin launched in

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It also becomes much harder to conceal your identity when you exchange Bitcoin for other currencies. No matter what a custodial key holder tells you or what level of security they advertise, they are a weak spot. Reading this article, I was anticipating the punchline being a flaw with the private key generation algorithm of a particular software tool. There are weaknesses in cryptocurrency networks that hackers can exploit, so your cryptocurrency can be stolen; however, it can only be done in certain scenarios. A group of cybercriminals known as DarkSide gained control of parts of critical infrastructure of Colonial Pipeline, agreeing to release them for the payment of approximately 75 Bitcoins.