The article content does not contain too much meaning, apart from the first way out, the following 2 ways who participate in this market also know it.
Do you know how to hack Bitcoin from someone else's wallet address? Don't teach hacked things about this because if they could, they would have done it a long time ago.
Topic: 3 Ways to Hack Bitcoin - page 2. (Read 740 times)
1. Hacking your devices
2. Sending phishing emails
3. Installing keyloggers
4. Downloading fake wallets
5. Impersonating a company or person
6. Attacking you with Trojans
7. Installing browser extensions
8. Bypassing two-factor authentication
9. Publishing fake advertisements
10. Messing up your clipboard
2. Sending phishing emails
3. Installing keyloggers
4. Downloading fake wallets
5. Impersonating a company or person
6. Attacking you with Trojans
7. Installing browser extensions
8. Bypassing two-factor authentication
9. Publishing fake advertisements
10. Messing up your clipboard
Your 10 points can be boiled down to 2:
- Compromised system
- Phishing
Those two points also are the most common reason people do lose BTC (or other sensitive data/information).
And further, there is a difference between cryptocurrencies and digital currencies.
Cryptocurrencies are digital currencies. But not every digital currency is a cryptocurrency. That's an important difference.
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.
Stealing Bitcoin is not hacking it, so the name is misleading. The first hack is the hack of the exchange, not of Bitcoin itself. The second is at best about hacking Trezor wallet, but definitely not Bitcoin. And the third is finally about Bitcoin, but I still wouldn't call it a hack. Then again, it's almost impossible to do this, and I'm pretty sure an attempt would cost way more that $21 million. It seems that it's even hard to calculate how much money it would take because with Bitcoin it's probably not possible to get enough mining power. The only one who's probably able to pull it off is Bitmain, but this would destroy the company, so we are relatively safe from that. What would be a hack on Bitcoin is quantum computers being able to decrypt everything (if that ever happens), but we're not close to that either. 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.
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.
only a fool would do this just to hack bitcoin, so once you hack bitcoin and get tracked by the police you will get a new case. So I think this kind of action is not for anyone 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.
Thank you for this very important post. Through this post we have learned a lot of important information. We hope you will continue to share such important information with us. Through which the whole community will benefit.
Don't make conclusion on every thread before reading replies to the Opening Post. Just go through the replies on the first page and you will find out why this post is utter nonsense. You can't say Bitcoin is hacked when some hackers were able to get the hold of acccounts of some cryptocurrency exchange working on centralized model.
Also, I don't know how OP calculated that $21M figure to perform 51% attack. Don't know if it has anything to do with the supply of bitcoins that OP may have misunderstood.
There are only few of all possible ways to steal Bitcoin. For example, you didn't mention scams like Twitter hack and phishing.
Is this also a form of FUD?
Or this is real FUD?
I mean, I don't really know where you are getting at.
Is it a warning for hacking prevention (sadly, I didn't see anything on how to prevent it), or is it just to scare off some newbies?
Thank you Sir.
You picked my wallet but the money is still there.
Bitcoin is still there.
Or this is real FUD?
I mean, I don't really know where you are getting at.
Is it a warning for hacking prevention (sadly, I didn't see anything on how to prevent it), or is it just to scare off some newbies?
THe first you are not really attacking Bitcoin, but a person..
The easiest explanation out there. Thank you Sir.
You picked my wallet but the money is still there.
Bitcoin is still there.
There should be many ways to hack Bitcoin, not only the 3 ways mentioned in the opening post. Moreover, the occurrence of Bitcoin
being hacked is not because Bitcoin is easily hacked, but because it is the fault of users who are not careful in maintaining it Bitcoin
they own. If we can protect Bitcoin properly, it is very unlikely that Bitcoin will be hacked.
being hacked is not because Bitcoin is easily hacked, but because it is the fault of users who are not careful in maintaining it Bitcoin
they own. If we can protect Bitcoin properly, it is very unlikely that Bitcoin will be hacked.
Bitcoin Clipper Malware: changes the bitcoin address of the recipient from the original.
Thank you for this very important post. Through this post we have learned a lot of important information. We hope you will continue to share such important information with us. Through which the whole community will benefit.
I forgot that this vulnerability could not be fixed in Trezor... Good remembering it.
Luckily, hacking still requires physical access to the device, and I'm sure this attack vector is even quite harmless compared to those users who voluntarily hand over their seed on phishing sites that pretend to be Trezor sites. However, for all those who use this HW, put a strong enough passphrase and hide it in a safe place separate from the seed.
There are many ways that these hackers can infiltrate your device and steal your coins or even infiltrate a server and steal the coins on that server, but the one that’s mostly known is the email method that’s being used by them; most hackers makes use of this particular method because that’s what is easier for them to make use of, so they go for it. So, if you’re making use of cryptocurrency, and not just cryptocurrency, as long as you have any business to do online, you have to be very careful and be aware of every means that can be used by these hackers to gain access to your device and steal your information or even gain access to your seeds and then cryptocurrency wallet.
Sometimes these hackers can create an application and put it on Google play store or Apple store. Google and Apple do check out for these dark applications, but some of them do slip through their sight and get on the platform and people who are not very careful will go ahead and download these apps, which will give the hackers access to plant malware and steal their information. That’s the same thing with plug-ins that you’re using on your browsers, you have to be careful with the kind of plug-ins you install, best to stay clear from them and only install the ones you’re very sure are good.
Sometimes these hackers can create an application and put it on Google play store or Apple store. Google and Apple do check out for these dark applications, but some of them do slip through their sight and get on the platform and people who are not very careful will go ahead and download these apps, which will give the hackers access to plant malware and steal their information. That’s the same thing with plug-ins that you’re using on your browsers, you have to be careful with the kind of plug-ins you install, best to stay clear from them and only install the ones you’re very sure are good.
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. 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/ )
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.
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.
The second attack you mentioned is impossible. You cannot extract a seed phrase from a hardware wallet (unless it is a shit one).
In fact, you can if you come into possession of a device that has a security vulnerability which makes it possible. Such a vulnerability was found some time ago in Trezor, see here -> Trezor&Keepkey - Unfixable Seed Extraction - A practical and reliable attack!, and you obviously forgot that you post in that thread.
Of course it would be best if this security flaw could be fixed (this is not possible), but it can be prevented by adding a passphrase or by using SD card.
I forgot that this vulnerability could not be fixed in Trezor... Good remembering it.
it requires a gigantic transaction to be sent first to someone in a trade where you get something else in return (like selling millions of dollars worth of bitcoin and receiving the fiat) then 51% attacking (that costs millions of dollars) to reverse that transaction. but the problem is that someone who has accepted such a huge transaction will demand a lot more confirmation which means the 51% attack cost goes into trillions of dollars range.
This is so true. If an exchange is worried about a transaction of 20 million USD, the exchange you just wait for 10-20 confirmations before crediting his account, making the transaction really irreversible, even with 51% processing power.
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 
That very first step though. What do you think of the exchanges? it's like any first-person shooting game where you can inject some .dll and you'll finally be able to hack its backend and you'll get a whole vision of the game and your enemies camp?
As per the news about that Binance hack, the hackers used too many methods. This time, only someone who hasn't heard of these phishing emails or scam emails will click those links attached to an email.
As per the news about that Binance hack, the hackers used too many methods. This time, only someone who hasn't heard of these phishing emails or scam emails will click those links attached to an email.
Technically, these are never ever called hacking bitcoin. Actually, there is nearly no way bitcoins can be hacked unless some careless bitcoin holder send the private key or backup seed to someone and lose these two after being infected by some malware, which is previously been discussed a lot in forum about how can you usually get infected and of by the different kind malwares.
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/ )
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/ )
The second attack you mentioned is impossible. You cannot extract a seed phrase from a hardware wallet (unless it is a shit one).
In fact, you can if you come into possession of a device that has a security vulnerability which makes it possible. Such a vulnerability was found some time ago in Trezor, see here -> Trezor&Keepkey - Unfixable Seed Extraction - A practical and reliable attack!, and you obviously forgot that you post in that thread.
Of course it would be best if this security flaw could be fixed (this is not possible), but it can be prevented by adding a passphrase or by using SD card.
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