Steve Wozniak was scammed out of 7 Bitcoins

Apple co-founder Steve Wozniak has told Indian press that he was the victim of a crypto scam that cost him $70,000 worth of Bitcoin.

The tech legend confessed when highlighting that, although the blockchain itself is safe from scams, fraud can happen outside of the system, in the real world.

Speaking at the Economic Times of India’s Global Business Summit this week, he reportedly told the audience:

“The blockchain identifies who has bitcoins … that doesn’t mean there can’t be fraud, though.

“I had seven bitcoins stolen from me through fraud.

“Somebody bought them from me online through a credit card, and they canceled the credit card payment.

“It was that easy.

“And it was from a stolen credit card number so you can never get it back.”

Cryptocurrency proponent

According to Wozniak, he bought the Bitcoin he lost when it was valued at $700.

Cryptocurrency proponent

According to Wozniak, he bought the Bitcoin he lost when it was valued at $700.

Due to the rise in price since then, his loss would be valued at approximately $71,400 today though.

Wozniak is still a cryptocurrency proponent though either way.

He had held on to his Bitcoin holdings up until late last year.

Speaking about cryptocurrency in a previous statement, Steve Wozniak said:

“Bitcoins to me was a currency that was not manipulated by the governments.

“It is mathematical, it is pure, it can’t be altered.”

In January, he revealed that he had sold off all of his Bitcoin.

He said he was interested in cryptocurrencies only as an experiment and not as an investment, saying:

“I said, ‘I don’t want to become one of those people that watches it, watches it and cares about the number.’

“I don’t want that kind of care in my life,”