Woz got scammed out of $70,000 worth of bitcoin


The Woz has the magic touch with computers.
Woz could've been rich off bitcoin, now he's just rich off Apple.
Photo: Reddit

Apple co-founder Steve Wozniak has a cautionary tale for people hoping to strike it rich off bitcoin.

During an appearance at the Economic Times global business summit, Woz admitted that he had been scammed out of several bitcoin worth about $70,000 earlier this year by falling for a common fraud tactic that can happen to any bitcoin buyer.

Launch your cryptocurrency portfolio and more [Week’s Best Deals]


This week's best deals include lessons in the basics of cryptocurrency investing and digital marketing, along with stereo Bluetooth speakers and a massive backup battery.
Photo: Cult of Mac Deals

Summer’s drawing to a close. But the deals rolling into the Cult of Mac Store are showing no signs of slowing. This week, we’ve got a guide cryptocurrency investing for beginners started in, and a digital marketing masterclass. Additionally, we’ve got a stereo pair of portable Bluetooth speakers, and a powerful but slim backup battery. Everything is massively discounted, some by more than 90 percent. Read on for more details: