Bitcoin Wallet Holders Hit Hard By Hackers

Tradefortress, the wallet’s developer, stated that hackers bypassed the company’s two-factor authentication protection to complete two successful attacks. The company further indicated that it does not have the money to cover the loss.

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The revelation underpins concerns about bitcoin’s longevity that have been raised by commentators. For more on why bitcoin’s black market may be its downfall, read “Bitcoin Is A Remarkable Innovation, Here’s Why It Will Fail” here.  

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