$1.7 billion in Bitcoin stolen - page 2.

michellee

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Quote from: Siren on February 04, 2019, 02:49:22 AM

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

Though this is alerting but don’t forget that most of the cases involve are human errors means we are the one who is responsible for each hacking because we don’t use precautionary measure and by lack of knowledge about how properly used the internet,phishing sites and malware issues are the common reason ,if we want to prevent this then make your bitcoins more secure an safety

So once again, we need to be careful to save the coins in the exchange or another wallet because we are the owner and we need to give attention about this if we don't want to lose the coins. And if we can secure every wallet or account in the exchange, we do not have to worry from the hacker unless the exchange has a problem with their security. So far, we might see that it's happening in many exchanges and maybe they do not always check their security and searching for a hole or bug so the hacker can penetrate to the database.

Siren

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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

Though this is alerting but don’t forget that most of the cases involve are human errors means we are the one who is responsible for each hacking because we don’t use precautionary measure and by lack of knowledge about how properly used the internet,phishing sites and malware issues are the common reason ,if we want to prevent this then make your bitcoins more secure an safety

naufals4

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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

NorrisK

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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.

boyptc

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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.

Ipwich

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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

I did not know it's that small, I think with a lot of hacks happening int he past, it could be over that value.

Looking bad but that's what happen since we are still new and we keep developing, what's important is that hack has reduced as crypto continued to exist.
Nowadays, people already know that exchange are vulnerable to hacks, so they're smarter to store their money in hard wallet and avoid storing it in exchange for longer period. This is just part of the history, and it brings a lot of leanings to us.

Halmater

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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.

cizatext

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$1.7 billion bitcoin being being stolen since the advent of bitcoin that is a huge amount but my contradiction is is this total some the whole of the hacks that have happen to companies and exchange site's, because if it doesn't then the statistics is not yet correct their have being huge loses in the pass involving major exchanges both in bitcoin and all the other altcoins.

Jocuserious

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Actually we need to do something good reason,how we can save our wallet.i think many hacker have in the market,and their always attack our (Exchange,bitcoin holding) everything.so we need use strong password,hide every information about our wallet. don't give us personal key,and mail account.then hacker will do not hack our money.

Inosend

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

Blockchainer06

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The world is changing, and the digital world is more and more close to the lives of the public. Everyone's money, information and information are more or less equivalent to being stored on the network, while the frequency of cybercrime is more and more frequent and intensive. What a terrible problem it is that our assets and personal information can be leaked at any time.

squatter

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STOP SNITCHIN'

Quote from: coinwizard_ on January 30, 2019, 02:36:48 AM

These exchanges should know that there have been many hacks in the past and that cold storage is a must. Minor hacks on hot wallets can be somewhat tolerated, but not multi million dollar losses

Indeed, at the very least only a very small percentage of funds should be held in hot wallets.

I'd prefer to see exchanges treating security like Bitmex: Full cold storage requires that withdrawals are not be available on demand. Withdrawals should be queued and manually withdrawn from cold storage. It's inconvenient, but when you consider past hacks were all hot wallet compromises, it makes sense.

ethereumhunter

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Quote from: ?? on ??

Many exchange market have hacked and make about $1,7 billion bitcoin stolen, last time we got information about cryptopia exchange was hacked and become more sadness about how bitcoin and altcoin price at the future, will be drop or not.

If we talk about the exchange market, then it means, the exchange needs to secure their websites from any attackers. And if they can not protect their websites, then I am sure their member will leave the exchange and will find the other exchange. I think the problem was in the exchange and not in the personal because we heard any news that says exchanges get hacked and that is their jobs to make sure they can protect their members.

A L I E N

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Quote from: encycrypto on January 29, 2019, 09:22:13 PM

Please put the word "billion" in the title

We do not understand anything at all. I was thinking about the other number. Please, more clear when you write down your thoughts. People simply do not understand anything at all.

livingfree

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Quote from: AXELNetwork on January 29, 2019, 05:58:59 PM

Quote from: livingfree on January 29, 2019, 05:11:07 PM

Hacking is a popular incident through crypto's and counting them won't make sense because there's still money flowing to the market. And what'swith those youtube videos that you've been including with your every post?

What's the point of telling that there's $1.7B lost because of hacks? the banks has the most lost when there are hackers penetrating to their clients and steals money out of their own funds on cloud.

The videos offer an easy explainer on the subject to inform viewers. It's important to point out just how much has been lost in crypto hacks in recent years.

But I won't watch it.

Quote from: VladEx_Vova on January 30, 2019, 02:23:28 AM

Why companies can't make a good security system. I'm not a developer, but still why??? It doesn't matter fiat or crypto hackers are everywhere

Its due to the drought of their budget. They can't improve their security because of money, it's the first and main reason why some companies aren't willing to upgrade their security because of its cost. Security is the most expensive thing next to the system of the company itself. Next, they really has a weak security which made them confident before and didn't thought of such scenarios might happen.

ralle14

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You should edit the title of the thread and replace the word lost with stolen because these cryptocurrencies are still in circulation. If the hackers had a plan of losing the coins they should be sent to a burning address or make their own proof of burn but there's no reason for them do that.

Quote from: drumamat on January 30, 2019, 01:25:23 PM

hackers are developing.

If hackers are developing then the exchange's security will also be developing. It can increase but you don't see a lot of exchanges get hacked mostly it's an inside job or exit scam.

kingpin4321

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This would go down as one of the numerous times hackers has attacked and made away with huge amount of bitcoins and this goes to rise the rate of security measure.
Hackers are modifying there plans and so we also have to follow suit to avoid this menace

drumamat

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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

Yes, it is a huge amount. It is a pity that such situations occur, but it was obvious. Hackers could not simply bypass such an industry.Most likely, we will witness an even greater number of Bitcoin thefts. Industry is developing, hackers are developing.

susuberuang

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a lot of people are careless and can lose their assets as much as it is a mistake of their own who cannot maintain their assets as well as possible, they are too curious to press a number of buttons that might have been set so that he becomes a victim of such hackers.

3core

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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

This is one of the reasons why cryptocurrencies is seeing less new investors, they are afraid of falling victim to cumbersome loss due to the slightest breach of security, they will instead pay a fee to have their money secured by their various ginancial institutions.

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