Hacking. Disinformation. Surveillance. CYBER is Motherboard’s podcast and reporting on the dark underbelly of the internet.
A strange press release went out on September 13. Retail giant Walmart, it seemed, would soon be accepting cryptocurrency. “The eCommerce giant intends to give its millions of shoppers across the world an opportunity to seamlessly make payments with cryptocurrencies,” the press release said. The press release was bullshit.
The world of cryptocurrency is rife with scams. pump and dumps, fake coins, massive hacks. Members of a professional eSports influencer house have been accused of running a crypto-based charity scam, a hacker recently made off with $600 million in Bitcoin, the SEC is investigating a crypto backed fraud case that’s alleged to have screwed investors out of billions.
The list goes on and on. What is it about these digital currencies that makes them so vulnerable to getting ripped off, and how do you keep…