[2016-08-03] The number of exchanges hacked this year may surprise you

panju1

legendary

Activity: 1246

Merit: 1000

There seem to be no minimum standards required to set up an exchange.
As Bitcoin evolves, people will only trust exchanges which have established processes in place.

Kprawn

legendary

Activity: 1904

Merit: 1073

Well, 10 out of 170 hacked is not a sizeable number, but what makes this problematic is the fact that these hacks are being blown out of proportion by the media, every time that it happens. Example :

http://www.nytimes.com/2016/08/04/business/dealbook/bitcoin-bitfinex-hacked.html?_r=0 .... So yes, it's common, but not in any way more news than the millions that are being hacked from online

banking, which hardly gets news coverage these days. Roll Eyes

BitcoinXio

sr. member

Activity: 285

Merit: 250

There is a reason why people call bitcoin “Gold 2.0,” which has become the target of hackers worldwide with one purpose – to steal bitcoin for profit. Bitcoin holds many properties which makes it valuable, with the global market capitalization growing to a current value of $8 billion USD.

Read more: http://bitcoinx.io/news/articles/the-number-of-exchanges-hacked-this-year-may-surprise-you/

Topic: [2016-08-03] The number of exchanges hacked this year may surprise you (Read 325 times)