The Heist Issue

All the Ways You Can Lose Your Bitcoin

The bad things that can happen, some of which would be your own damn fault.

Illustration: Nichole Shinn for Bloomberg Businessweek

There are lots of opportunities for cryptocurrency to go missing—some inherent to buying internet money, some involving crime. Below, a few common ways of going virtually broke.

Pretty basic: Scammers hijack people’s mobile accounts by calling their carriers and impersonating them. The thieves get their victims’ numbers transferred to new devices and ultimately gain access to crypto accounts.