Even Apple co-founder was fell under the spell of cryto scammer.
Steve Wozniak admits that scammers have managed to steal $70,000 worth of Bitcoin from him.
The Apple co-founder and multi-millionaire revealed at the Economic Times Global Business Summit in India this week that he had seven Bitcoins stolen from him.
Wozniak said he bought Bitcoin as an “experiment” back when it was selling for $700. Later he sold them to someone online who used a stolen credit card and canceled the payment, he explained at the summit.
“It was that easy!” Apple high-ranking official said.
Bitcoin had a massive run in 2017, rising from $966 in January to well over $19,000 in December —before tumbling to $6,900 this month.
According to Coindesk’s Bitcoin Price Index, it is trading at about $10,000 today, making Wozniak’s loss worth around $70,000.
The incident pushes him to sell out his remaining Bitcoins.
“I don’t want to become one of those people who watches it, watches it and cares about the number. I don’t want that kind of care in my life,” he said at a conference in Sweden.
Wozniak has been a vocal proponent of Bitcoin despite not owning any. At the 2017 Money20/20 conference in Las Vegas, he described Bitcoin as more valuable and real than government-backed currency because of its fixed future supply. The tech guru even called the U.S. dollar “kind of phony.”