3 Ways to Hack Bitcoin | Bitcointalksearch.org

pixie85

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Quote from: TedMosby on September 13, 2020, 12:05:42 PM

According to your title and post, only point number 3 that can be called as a way to hack bitcoin.
Because, the first 2 points only can be happen if there’s mistakes on the user side. Not directly to the system or network.

No it is not!

It was explained a few times in this thread what a 51% attack is. This is not "hacking" it's rather exploiting a feature of Bitcoin.

This attack is possible only in theory because in reality you'd need to invest a lot of money before you'd be able to even attempt this and as time goes by it's going to be more and more money. At this point you'd need to rent out a whole nuclear power plant to have enough power to try it. 51% attack is a scary bedtime story for new investors.

Ucy

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The 51% attack can be prevented with sufficient decentralization and rules. How can there be 51% attack if there is no way to control 51% of network participants or PoW? Satoshi's one cpu one vote (with the principles of Bitcoin) would basically solve this if it was sustainable.

BlackHatCoiner

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Quote from: Agios on August 11, 2020, 08:43:48 PM

There are currently three ways to steal Bitcoin. First, hackers infect crypto asset exchange servers with special malware via e-mail, websites and popads and infiltrate devices. This happened with the Binance hack last year.
Second, take apart the Bitcoin hardware wallet and get the seed phrase. This has been practiced by Kraken against Trezor.
Third, hacking into the Bitcoin blockchain network itself through “51 Percent Attack”. This third method is considered expensive, but has the potential to get the largest loot than the other two methods. This third method, according to observers, will cost up to US $ 21 million.

So many mistakes within one post...

First of all, these are not ways to hack bitcoin.
If we agree that this is what "hack" means then your title doesn't make sense:

Quote

Third, hacking into the Bitcoin blockchain network

Hacking into the bitcoin blockchain network? Neither this makes sense. It isn't a computer.
"51 Percent Attack" isn't hack. It is the pool with the most cpu power.

Quote

third method, according to observers, will cost up to US $ 21 million.

Multiply it with 100 and you are closer. Believe me if it costed **only** 21 million dollars, everyone would make a 51% attack.

Yatsan

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The first two points you have mentioned are not directly hacking Bitcoin itself but the person or the user himself for having low security on his things and unknowingly being irresponsible that made the hacker do have access on his Bitcoins. The first point can somehow be manageable by keeping those secured and avoid entertaining pop-ups and strange emails. The second point is the storage itself that is being attacked and not Bitcoin directly once again. Also, hackers do not have concrete or just three certain ways of how they manage to hack accounts to obtain Bitcoin. Surely there are a lot more ways possible that those hackers are capable to do because ordinary hacking techniques are already known by the crowd which makes them think of various ways possible to make their goal achievable and those are not only limited into three way. You have just mentioned some of those which are the most common ways but for sure there are other ways possible which only the hackers know and still not discovered by us.

The first two points could be really manageable if you would make yourself knowledgeable and responsible to take good care of your accounts to lessen the possibility of getting hacked.

NavI_027

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Quote from: MCobian on September 13, 2020, 07:36:01 PM

In the world of crypto it is not new the 3 ways to hack crypto mentioned in the opening post, most of the people already know about it.

Dude you can actually disregard the last one since it is theoretically impossible Grin

. C'mon! In order to pull off a 51% attack you need firt need to acquire very huge mining power up to extent that you can now compete with rest of miners in the world. Even though I do not give you the exact numbers you will still realize how small the probability.

Just keep your private keys safe, stop clicking random links and filling up various forms online so that you will become less prone from such incidents.

MCobian

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In the world of crypto it is not new the 3 ways to hack crypto mentioned in the opening post, most of the people already know about it.
Therefore vigilance is very important, and also storing all of our coins on exchanges is also not a good thing to do. And for the exchanges
and wallets we use, don't forget to enable 2FA security. And most importantly choose exchanges and wallets which is trusted.

Sadlife

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That's way its always good practice to not store all your Crypto in one wallet or exchange because as many influencers and members said "Not your keys, not your crypto". We never know, how secure an exchange with their security nor hardware wallets, and even though its secured how are we sure that they're not going to freeze, steal or hand over it to the government if they confiscate it because of the local law there.

Zionatin

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Quote from: c_atlas on August 12, 2020, 09:12:41 AM

Quote from: bob123 on August 12, 2020, 07:49:04 AM

Let me summarize your post in 1 image:

lmfao I wish I saved my sMerit to give to you, this totally captured how I felt reading OP's '3 simple ways to hack bitcoin, crypto enthusiasts hate him!' garbage

As soon as I read "3 ways to hack bitcoin" I was like oh god.... Here we go...
I think those exchanges were hacked into not the actual wallets. They don't need the wallet private keys since they can send the crypto where ever they want to once they gain admin access.
I would not mind owning an exchange but I would be terrified about this sort of thing going on.

Igor17Krik

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All this is your speculation. Of course, you can steal bitcoin from inexperienced users, but it is impossible to hack the network. Over the years, people have been buying bitcoins, with some holding millions of dollars in bitcoins. I assume that they don't keep their millions on stock exchanges. Those who value their money will definitely take care of safety!

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

According to your title and post, only point number 3 that can be called as a way to hack bitcoin.
Because, the first 2 points only can be happen if there’s mistakes on the user side. Not directly to the system or network.

gamer4156

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Scammers are constantly circulating online in various disguises. They are scattered around us in such a way that you will never realize that this person is a scammer. They deceive people by using different tactics at different times. In addition to the three ways you can talk about hacking Bitcoin, there are many other ways to hack Bitcoin. Some people's personal mistakes put them in danger. And if you don't have a personal mistake, then there is no hacker who can hack your wallet.

maldini

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Here are three key pointers in moving your Bitcoin hack but there are still some ways for hackers. As science and technology become more and more modern day by day, the level of technology of hackers is increasing also. You can see that most of the hacking is due to their own mistakes. I think the biggest victims of hacking are those who are more greedy online. They want to take advantage of the tempting offers from a variety of online hackers and eventually lose everything.

sujon5

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Actually there are even more ways to hack a Bitcoin wallet. Hackers can impersonate popular crypto companies, so users download a fake crypto wallet. Don't forget about Trojans. They can enter your computer and monitor your behavior, stealing anything that resembles a cryptocurrency private key. and the most common way is publishing fake advertisements.

GeorgeJohn

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Quote from: Agios on August 11, 2020, 08:43:48 PM

There are currently three ways to steal Bitcoin. First, hackers infect crypto asset exchange servers with special malware via e-mail, websites and popads and infiltrate devices. This happened with the Binance hack last year.
Second, take apart the Bitcoin hardware wallet and get the seed phrase. This has been practiced by Kraken against Trezor.
Third, hacking into the Bitcoin blockchain network itself through “51 Percent Attack”. This third method is considered expensive, but has the potential to get the largest loot than the other two methods. This third method, according to observers, will cost up to US $ 21 million.

Hacker have their ways of hacking bitcoin accounts may be the way we taught might know be the way they strategies their plans of hacking account's,so therefore everyone have to be conscious transactions and password to avoid hackers not to penetrate to their account's.

Cryptoreflector_666

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Quote from: Agios on August 11, 2020, 08:43:48 PM

There are currently three ways to steal Bitcoin. First, hackers infect crypto asset exchange servers with special malware via e-mail, websites and popads and infiltrate devices. This happened with the Binance hack last year.
Second, take apart the Bitcoin hardware wallet and get the seed phrase. This has been practiced by Kraken against Trezor.
Third, hacking into the Bitcoin blockchain network itself through “51 Percent Attack”. This third method is considered expensive, but has the potential to get the largest loot than the other two methods. This third method, according to observers, will cost up to US $ 21 million.

I wonder where such statistics come from, especially regarding the last point. 21 million dollars is not even one percent of the total turnover of money in bitcoins. I.e. it turns out that this method of fraud will not be quite dangerous on a global scale. I think you need to be more afraid of just losing your wallet or forgetting your private key. I have already lost a very large amount of cryptocurrency.

Twentyonepaylots

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Quote from: uk1 on August 13, 2020, 11:34:57 AM

Bitcoin Clipper Malware: changes the bitcoin address of the recipient from the original.

And that's isn't hacking bitcoin, you are just putting malware into someone's computer to generate your own address whenever they copy/paste.
What a possible way to crack bitcoin is having a quantum computer that computes bitcoin certain key in less than a minute, that's breaking the cryptography security and the end of whole cryptocurrency. There are some cases where this has been reported, probably acquired from unknown download sources.

bitbunnny

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Quote from: uk1 on August 13, 2020, 11:34:57 AM

Bitcoin Clipper Malware: changes the bitcoin address of the recipient from the original.

That is interesting way of attack and also seems very dangerous. How it could be discovered and how to avoid address to be changed, that is what I would like to know.

tom_trader

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Quote from: Latviand on August 12, 2020, 09:32:33 AM

The title of your thread is somehow sketchy, maybe you should change it in to "3 ways on how hacker steal bitcoin",
because your title can be possibly thought as a tutorial to hack a bitcoin.
Just my two cents.

Also if you are exploring the internet, don't click any ads or suspicious link that might bring you to another platform or make you download files from unknown source. Some malware are downloadable and can enter you computer when it disguised as a legit software. So be careful on downloading from any links or websites especially if you have no idea what is it about.

With that, they can track all of you information in your computer to hack your bitcoin so be aware with that.

Yes, indeed it's a kind of a clickbait.
So, even if you have the seed phrase and all BTC is still not 100% safe.

Nellayar

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Quote from: taufik123 on August 12, 2020, 12:10:37 PM

Quote from: NeuroticFish on August 12, 2020, 08:10:23 AM

There are 2 proper ways to steal (not hack) bitcoin:
1. Fool people to either send you their coins either give you their credentials/private key/seed. (Or make an ICO, heh).
2. Force people to give you that (see the 5$ wrench security issue: https://xkcd.com/538/ )

of the 2 ways that you mentioned about the right way to steal but not hack are the most common and widely used ways today. especially those related to ICO, IEO or the like. We know that ICOs, IEOs are ways to raise funds quickly. There are more and more fake ICOs and IEOs with scam projects that can trap everyone. making ICO or IEO is very easy, when you get a lot of money, they scammers will run away with a lot of money.

This is the most easiest way to scam people using crypto. I remembered the time when ICO and IEO ran in this industry. Almost all projects were hyped and many of them were sold out. But as the time passed by, scammers made a way to earn using fundraising. Until the time that investors quit in crypto because their capital was gone. Right now, it brought a damage to the entire ecosystem of crypto. Genuine projects were failed because no on wants to risk anymore. If there is, they only give few allocation for their investments.

zeingrind777

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Quote from: piebeyb on August 12, 2020, 01:35:43 AM

there is no way bitcoins can be hacked, unless people are careless about protecting their wallets, somehow I'm still not sure there is a way to hack bitcoins from someone's wallet, as you said there is a market that has been hacked, I am more sure if the insiders do it was not hacked by outsiders

You're right bro, I have long suspected that the ones who steal bitcoins on exchange websites are those who work or have worked at the exchange, so they know the weakness of security on that website. It is impossible if people out there know the weaknesses of security on large websites. Even though there were, it was only 5% of the people in the world.

Topic: 3 Ways to Hack Bitcoin (Read 740 times)