Interview: Hack Proves Bitcoin More Secure Than The Wallet That Holds It |Listen 2 Bitcoin

Interview: Hack Proves Bitcoin More Secure Than The Wallet That Holds It

Bitcoin’s are making a splash in the market, but are they a safe investment? Joining us now to provide his breaking analysis on the state of this cyber-currency is SiliconANGLE Founding Editor Mark “Rizzn” Hopkins.

Earlier this week the Bitcoin wallet company Instawallet has suspended its service “indefinitely” after falling victim to a hack. Can you briefly explain what Instawallet did and how the site was compromised?

What will happen to Bitcoin holders who had their funds in Instawallet?

Following the Instawallet shut-down, Tokyo-based Mt. Gox, the world’s largest Bitcoin exchange, says it’s been hit by a major DDoS attack that’s causing lengthy trading lags, 502 errors, and in some cases, preventing people from logging into their accounts. Mark, why do you think Bitcoin has been targeted recently?