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Apple cofounder Steve Wozniak said he was scammed out of $70,000 in bitcoin

Steve Wozniak said at The Economic Times' Global Business Summit last week that owned bitcoins as an "experiment" but has since sold all but one.

The Apple cofounder Steve Wozniak said he had several bitcoins stolen by a scammer using a common technique.

The Economic Times reports that Wozniak discussed cryptocurrency during a talk at the newspaper's Global Business Summit last week.

"The blockchain identifies who has bitcoins," Wozniak said, referring to the technology underpinning cryptocurrencies like bitcoin.

He added: "That doesn't mean there can't be fraud though.

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

Wozniak's seven missing bitcoins would equate to about $74,000 (£53,000) at Tuesday's price — though that isn't likely to be a concern for Wozniak, who is worth about $100 million, according to an estimate by TheRichest.

Wozniak said he sold most of his remaining bitcoins.

"I didn't want to watch the price every day," he said, adding: "I sold all except one. It was enough to experiment."

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