So long as cryptocurrency exists, so too will the extraordinary lengths to which thieves will go to try to steal it. Unfortunately, that also includes preying on weak private keys, a method that has evidently made one crypto bandit filthy rich with millions in swiped Ethereum.
Eight cryptocurrency machines reportedly drained electricity from a Chinese high school for nearly a year before the headmaster was busted, and later fired, for running an Ethereum-mining operation.
Cryptocurrency investor Michael Terpin is understandably upset that he lost a combined $US24 million in two different hacks of his phone over the course of seven months. Terpin alleges that the hacks were only possible because the hackers had an inside person at AT&T who provided access to Terpin’s account….