Epik hack reveals the price scammers will pay for fake cryptocurrency websites

And, in the event that they do, customers haven’t any recourse, Nikiforakis stated, particularly as a result of they’ve misplaced cryptocurrency, quite than common cash. Cryptocurrency, a type of digital cash that has recently soared in value, depends on cryptography to guarantee that solely the proprietor of a “pockets” can spend the cash it accommodates. However, as soon as that pockets is stolen, that safety works to guard the thief, that means it’s nearly impossible to get it again — even with a courtroom order.