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Submission + - $1.2M Hack Shows Why You Should Never Store Bitcoins on the Internet

daktari writes: Wired gives you your digital-currency lesson of the day, courtesy of a guy who calls himself TradeFortress: “I don’t recommend storing any bitcoins accessible on computers connected to the internet.”

That may sound like a paradox. Bitcoin is the world’s most popular digital currency, and it’s controlled by a vast collection of computers spread across the internet. But TradeFortress knows what he’s talking about. He’s the founder of a inputs.io, a company that used to store bitcoins in digital wallets for people across the globe. The site was just hacked, with the bandits making off with more than a million dollars’ worth of bitcoins.
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$1.2M Hack Shows Why You Should Never Store Bitcoins on the Internet

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