Apple Co-Founder Steve Wozniak revealed at the Times’ Global Business Summit that some bitcoins were stolen from his wallet reported by The Economic Times Of India reported on Monday.

He said that:

“I had seven bitcoins stolen from me through fraud. Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy. And it was from a stolen credit card number so you can never get it back.”

Bitcoin was valued at $10388 at the time of publishing this article making Wozniak’s lost fortune worth at least $72716. Bitcoin had showcased tremendous potential starting from a time when it was valued at just $1000 in the beginning of 2017. This ground-breakingapplication of blockchain technology makes third party interference redundant.

However, security of transactions get accentuated and transaction costs also gets reduced as financial institutions and banks are bypassed for establishing direct connectivity between the buyer and the seller. The American inventor remains an avid supporter of cryptocurrencies which was purchased by him as an experiment when bitcoin was valued at just $700 per unit.

Also Read: Apple Co-Founder Steve Wozniak says, Bitcoin is better than Gold

Wozniak, whose net worth is estimated to be around $100 million revealed in the report that, “Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can’t be altered.”

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology , Cryptocurrencies and upcoming ICO’s.

Rohit Kukreja is a Commerce graduate with Financial Markets expertise involving Stocks, Forex, Futures & Options Market and now Bitcoins & Cryptocurrency Markets. Blockchain Enthusiast but not a techie, Rohit is an active member of various Blockchain & Crypto communities all over India.