$1.7 billion in Bitcoin stolen | Bitcointalksearch.org

waitforme

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Quote from: AXELNetwork on January 29, 2019, 02:32:46 PM

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

Please be glad that the number of stolen Bitcoin still circulates on the existing Blockchain network. Having a large amount of Bitcoin that has frozen off its Blockchain network has reduced supply. Glad this helps us to own it still and glad you are not on the list of people who have stolen

)

kxz1498

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Variety of hacks, phishing and carelessness all cause stolen bitcoins.

fortunecrypto

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Quote from: AXELNetwork on January 29, 2019, 02:32:46 PM

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

Wow that are huge numbers and these two groups are not yet caught, this what makes people fear to invest more on Bitcoin, and has been one of our problems ever since, it still haunts us and they can strike again or maybe they already hack some wallet but never reported the figure could go much higher than reported.

marjil

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Firstly, the figure of $1.7b is relative. As the price of bitcoin changes, so does the value of the stolen bitcoin. It might have been $1.7b based on the date of the video, but that valuation will be fluctuating all the time. As regards hacking, a lot of it has happened on exchanges. Remember Mt Gox. And the rest? We can do something to safeguard against this - don't keep any significant amounts on exchanges. Move your bitcoin, or any other cryptos, to your own wallet. Hackers will always be there trying to hack and steal, it's a fact of life.

boyptc

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Quote from: naufals4 on February 04, 2019, 02:09:42 AM

Quote from: boyptc on February 04, 2019, 01:42:13 AM

Quote from: Halmater on February 03, 2019, 02:51:43 PM

That's a huge amount of Money and I don't know whether it is true or not. Even if this is true, people may have a difficulty to believe this.

It's true, computing all of those hacking incidents it will result to that amount and even bigger than that.

For the past years when crypto starts to boom, there's a lot of exchanges that were hack and assuming the total amount you really can't believe if that's a real figure but you have to believe that there's big money that were hacked.

i think for some investor $1.7 billion is not much cause right now bitcoin had value $60,833,048,151. so don't panic about that hacker cause in this digital world so many hacker. so for ourselves, it is more important for ourselves to save our data so that it is not hacked

Do you think that $1.7B isn't really much? even the greatest investor would feel bad for that amount.

Hackers are everywhere as long as there's something that they can benefit with. Back to the amount, $1.7B is hell a lot of money and don't think that it's just nothing for some investors.

PlusOne88

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It might be true but bitcoin is still very much secure. I think there might some ways where hacking can be stopped like adding some updates to the bitcoin system. Like for example, If an additional security could be implemented such that transactions can be reverted back to the owner if the bitcoins are identified or reported as being hacked. I think this update if implemented could really help strengthen the trust people had given to bitcoin. We know there are some people who really had bad experiences about getting hacked and this could be one good solution.

TravelMug

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Quote from: Inosend on January 31, 2019, 04:19:56 AM

The rate at which criminal are stealing from cryptocurrency now a days is really alarming something has to be done

Of course as a crypto enthusiast, you can really do lot of thing to prevent such hacks or minimized your risk like not putting big amounts of money in a exchange or protect your account at all cost.

But sadly, those hackers are always like two steps ahead of the game so I wouldn't be surprised if the numbers is close to $2 billion already. Just like what happened to Cryptopia wherein big money have been lost and that's just in the beginning of this year alone.

gabmen

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Quote from: BigBos on February 05, 2019, 12:23:36 AM

Quote from: ?? on ??

I think that many cryptousers forget to think about security. As for me, all my wallets are under strong protecture. Also I have coldwallets, it's impossible to hack them. THink about your security before hackers will steal your money.

well, I always see this on an exchanger who was hit by a hacker attack. the munkgin, not the same, but it's similar. I think there are some exhanger who also lose millions of dollars in their assets. maybe their defense is good enough, but hackers are growing fast. it might make us realize that upgrading security systems at all times.

Mostly it's people's carelessness that allows hackers to steal their coins. Exchanges are prone to such and whether we like it or not, sometimes good hackers can breach their security. That's why it's up to the users to safeguard their coins. 1.7 billion won't be the final digit for stolen and hacked coins, that's for sure.

$anounimus$

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I really hope that the perpetrators of bitcoin theft are not too quick to sell their loot at low prices because it will only make the price worse and there will certainly be more people who lose because prices fall deeper, increase security and don't be too careless with your wallet so that assets remain safe.

BigBos

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Quote from: ?? on ??

I think that many cryptousers forget to think about security. As for me, all my wallets are under strong protecture. Also I have coldwallets, it's impossible to hack them. THink about your security before hackers will steal your money.

well, I always see this on an exchanger who was hit by a hacker attack. the munkgin, not the same, but it's similar. I think there are some exhanger who also lose millions of dollars in their assets. maybe their defense is good enough, but hackers are growing fast. it might make us realize that upgrading security systems at all times.

Romeotom

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Quote from: AXELNetwork on January 29, 2019, 02:32:46 PM

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

It is possibly, because may hacker have in the Cryptocurrency market.their always try to many ways ,how can hack our wallet.so we need save password strong,dont tell your password for anyone person.and also do it 2FA verification.

juragane

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Quote from: dewildance on January 29, 2019, 03:33:46 PM

I think we need to do some research here. How much of these lost Bitcoins is on the exchanges. As we know, Bitcoin wallets cannot be hacked by normal means. In my opinion there are very few hacking events due to the use of daily BTC.

Bitcoin currency is very safe so it is very difficult for criminals to break into bitcoin deposits, the possibility of missing is by going through several ways, one way that criminals often use is by cheating, giving promises that are very good and always offering big profits, but things like this are usually fraudulent, so the loss of bitcoin is caused by the owner's negligence.

hridoyb

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Quote from: AXELNetwork on January 29, 2019, 02:32:46 PM

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

its impossible to hack bitcoin or exchanger without user permission. Nowadays hacker send malware or impress to click phishing site and they can access computer and hardware wallet. Another way, hacker always wait for any system bug or maintenance any exchanger this time they hack DNS of the exchanger and stolen bitcoin and altcoin. My account was hacked and lost 200+ coin and 2 eth+ and its almost 40k$ when ether delta hack because they hack etherdelta DNS and stolen asset from the exchanger.

daarul50

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Quote from: AXELNetwork on January 29, 2019, 02:32:46 PM

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

In the digital world, hacking has often been heard. But does the crypto hacking information included in the video above need to be discussed? I don't think this is important because the amount of hacking that has occurred is impossible to return to hacking victims.

deisik

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Quote from: AXELNetwork on January 29, 2019, 02:32:46 PM

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

That's not a surprise

As that's what you should expect from a poorly designed system which has no built in protection against hacks or thefts. I understand that no one may have expected Bitcoin to turn such a huge success (e.g. we all remember Linus Torvalds and his famous "just for fun" thing), but this is no excuse for not adding basic, if not to say primitive, options which would make stealing coins a lot harder if not prevent hacks and thefts in the majority of cases

fileo

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It is unstoppable attack once the programs was interrupted by the hackers. I am not worshiping them but the fact can tell us about how genius they are by hacking the secure system. It is unexpected amount but we cannot retrieve that lost. The best thing to do now is to create new anti hacking program in order to minimize the damage.

shesheboy

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Quote from: naufals4 on February 04, 2019, 02:09:42 AM

i think for some investor $1.7 billion is not much cause right now bitcoin had value $60,833,048,151. so don't panic about that hacker cause in this digital world so many hacker. so for ourselves, it is more important for ourselves to save our data so that it is not hacked

the said amount is already billion . we cannot disregard that event because that can affect the value of btc badly . what i dont understand is why there were too many hacking hacking incidents happening lately ? hmmm ? is this a sign of something bad ? lets hope not .

Quote from: Halmater on February 03, 2019, 02:51:43 PM

That's a huge amount of Money and I don't know whether it is true or not. Even if this is true, people may have a difficulty to believe this.

true or not true , this is something that is believable because hackers mainy attack crypto exchanges and bigtime accounts . they can stole much more money than that .

Johnzky

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Quote from: NorrisK on February 04, 2019, 01:55:27 AM

I may have been worth 1.7 billion at the time of the hackings, the dumping of these coins would significantly reduce the market value. Just look at what happened to XEM after the big hack. It dropped from 2 USD to around 0.3 USD during the dumping.

It's still a lot of money, but the gains for the hackers are probably a lot smaller.

This is not just today or yesterday,the amount indicated is for the whole bitcoin span in this community though I believe that this is only those recorded hacks not to mention the non reported incidents in which the victim don’t know how to address his concerns or some are in regards altcoins but still hacking issue

Lizzylove1

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Christ The King

For every friend I know, none of their bitcoin private wallet has ever be hacked except one that gave his younger brother his private keys. It's obvious that some exchanges don't invest much on security and this is a big concern for investors and the government, as much of these hack cases are exchange related. I hope this is handled in the near future,

kucritt

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yes, recently we saw the news about hackers, about people that hack the exchanger or hacking the wallet apps, and i think that it will be the lesson for the developer that develop the application, they should work harder to fixing the bug because it ill makes the bad future for bitcoin

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