FOX BIZ NEWS: Why hackers use bitcoin and why it is so difficult to trace

Why hackers use bitcoin and why it is so difficult to trace



Although it hasn’t found success as a mainstream, transactional currency, it is increasingly used in scams. Purporting to be former President Obama, Bill Gates and Kanye West, hackers steered Twitter followers to send $1,000 in bitcoin, promising $2,000 in return. They drew more than $100,000 before the scam was shut down.