[2015-02-02] NDTV: At Least $11 Million Worth of Bitcoins Lost to Scams in 4 Yrs

[polynesia]

At Least $11 Million Worth of Bitcoins Lost to Scams in 4 Years: Study

http://gadgets.ndtv.com/internet/news/at-least-11-million-worth-of-bitcoins-lost-to-scams-in-4-years-study-656319

Frauds such as online ponzi schemes have skimmed at least $11 million in Bitcoin deposits from unsuspecting cyber-customers over the past four years, a study says.

"Our calculation of $11 million (roughly Rs. 68 crores) is almost certainly at the low-end," said lead researcher Marie Vasek from Southern Methodist University in the US.

"The amount of Bitcoin that depositors have lost to these scams is probably many millions more," Vasek added.