Stop those thieves—they have my bitcoins!

Bitcoin bitcoin theftmay offer a level of freedom that traditional currencies do not, but it’s hardly the most secure form of money.

Just as a pickpocket or mugger can rob you on the street, so a hacker can swipe your virtual money. And it can be much more difficult to recover stolen virtual cash than legal tender.

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CNBC Explains: Bitcoin

Not 100630649-bitcoin-with-money-zach-copley-flickr.240x160too long ago, bitcoin was almost exclusively the legal tender of hackers. Today, thanks in part to the Cyprus bailout saga, it’s on the radars of investors everywhere.

While the digital currency has been around since 2009, it has largely stayed in the background—occasionally jumping onto people’s radars, but usually fading away just as fast.

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