Companies Offer Protection Against Bitcoin Losses

February 7, 2014

Bitcoins, after surging 90-fold in value last year, have become an alluring target for hackers and thieves, spawning a growing industry of startups seeking to protect virtual currency investors against losses. Since the inception of the currency, more than 35 major Bitcoin scams and thefts have occurred worldwide, including the heist of 38,527 Bitcoins from online-exchange Bitcoinica LLC in May 2012, according to BitcoinTalk.org.

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