As Bitcoin Booms, So Does Bitcoin Bank Robbery
(Quartz) Robbing a bank is such a hassle in the real world, with all the complicated logistics of weapons, vaults, dye packs and getaway cars. It’s a lot more straightforward to rob digital currency exchanges and payment processors. To paraphrase bank robber Willie Sutton, that’s where the bitcoins are.
The huge interest in Bitcoin and the concurrent surge in the value of the currency — Bitcoin has risen 6,000 percent versus the U.S. dollar in the last year and 300 percent just this month — has also created a growing incentive for larcenous hackers.