A lot of hacks, whats the solution? - page 12.

VitKoyn

full member

Activity: 490

Merit: 106

Quote from: KyoNitro on July 13, 2018, 02:42:31 AM

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

There is no solution to stop hackers from stealing cryptocurrencies from people and exchanges. The only solution is for all users to be more knowledgeable on how to protect their money and be careful on where to put or store their cryptocurrency investments and it is simple, never use exchanges or any online wallet services as a wallet or storage because they are prone from hacking and inside job to steal money from their customers. The best thing to do is generate your own private key and use paper or hardware wallet.

Thyristor

full member

Activity: 471

Merit: 100

I am first affected by hacker in december 2017 it's happening with etherdelta exchange.I lose more than 7,000$ this is my life tragedy i never forget this incident.Basically i suggest don't import your private key in any exchange than you can safe.

SUDARMONO

full member

Activity: 504

Merit: 100

it is true that hackers will not remain silent to steal it all, and I suggest we should be more careful and make double security or we can use 2FA.

jitenrajput

copper member

Activity: 252

Merit: 3

ENCRYBIT — FUTURE OF CRYPTOEXCHANGE

Quote from: talkbitcoin on July 13, 2018, 03:18:23 AM

when everyone starts a new exchange without spending time and money to increase its security first this is what we are left with. a terrible market with lots of shitty altcoin exchanges that get hacked left and right.
otherwise the big exchanges are rarely subjected to this kind of hacks. for example Cinbase. i don't know any cases of any major hacks or anything like it.

the solution is for them to increase their security, use cold storage,...

of course using decentralized exchanges is always favorable for users but it is not as easy unfortunately and they don't offer the same thing.

Exactly my point. People see money in exchange business and start it with a poor foundation. As a result lack of security, performance becomes troublesome for the traders. Developing an exchange surely requires research especially in the security aspect. Implementation of security standards, maximum use of cold storage and other preventive measures such as withdrawal from whitelisted IPs can be considered. Timely evaluation of the exchange, external security audit, cross-checking of wallet balances can also be added.

Decentralized exchanges are yet to pave their way as it is not yet adopted by a majority of the users.

meanwords

full member

Activity: 1624

Merit: 163

There's no guaranteed solution because if there's a way to create something, then there's a way to destroy it. Hackers are getting smart each day and that they will find a way to bypass a security. The only thing that a person could do is to stay the funds away from exchanges and just store it in a safe hardware wallet where the only person who could access it is the owner itself. That way, you could prevent any hackers to you and lessen the damage that a hacker could do. I think DEX is a find solution too because the funds are in the hands of the owner, not the exchange itself.

marjon

member

Activity: 350

Merit: 10

Even DEXs are vulnerable from hacks as what happened on Etheredelta last year ago. Im wisely trading now on exchanges with solid reputation and I did back up my wallet tightly, also be careful from phishing websites and bots pages and false scheme offerings. Always enable All security features of the sites once you're logging in.

Almirante3

newbie

Activity: 29

Merit: 0

Never leave your crypto-coins at your brokerage firms, they are a transaction space, not a storage space.
Also make a weekly backup (or as often as you think necessary) of your wallets offline, you can even print it if you feel it is necessary.

Wolfgang.Smith11

newbie

Activity: 76

Merit: 0

The best solution is that don't access public internet and keep your personal information in hardware wallet

iotarocket

newbie

Activity: 140

Merit: 0

One solution is for investors to purchase hardware wallets and not trust third parties with their digital assets. Decentralized exchanges could help reduce these attacks, but they too might be vulnerable. Users should be very careful about storing assets on exchanges.

pokang13

newbie

Activity: 106

Merit: 0

Quote from: OmegaStarScream on July 13, 2018, 02:58:51 AM

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.
2. Don't store your funds in exchange for a long period of time. Deposit, trade instantly and withdraw.
[/quote

First, you need to use a strong password to secure your bitcoin wallet.You may use combination of letters and numbers.Secondly, make sure no body knows your account.Do not give it to someone else.

holtzmann

newbie

Activity: 179

Merit: 0

I agree with OmegaStarScream's recommendation. These things are quite simple to follow, but for some reason, people don't do it and then get hacked or scammed.
Remember those two rules and you'll avoid most of the problems with your account.

enthusia

newbie

Activity: 113

Merit: 0

Perhaps prevention or avoidance will be helpful. Its our major responsibility to protect our virtual belongings from those hackers though its really a difficult one to get rid of them but it will always be better if we do. Security measures always dependent to us. Secure the things we are using in accessing our virtuals and be aware enough not to deal with someone or something really suspicious.

levvv

member

Activity: 532

Merit: 17

Quote from: KyoNitro on July 13, 2018, 02:42:31 AM

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

Actually DEX is a good exchange, volume cannot be faked, cannot be hacked because using own wallet unless you come into phishing site requesting your private key or seed or passwords. The solution is we must educate ourself to know how to protect our wallet with our security knowledge.

Rozita

full member

Activity: 658

Merit: 108

Quote from: kazakovv on July 16, 2018, 02:05:05 PM

I think that we need at least a minimum regulation in this area. Then such cases will be much less.

There is a big problem. Knowing the identity of the hackers needs to know all the users and it's quite the opposite of what has been the purpose of cryptocurrencies.

braZZers123

member

Activity: 216

Merit: 15

To fully ensure the safety of your savings, you need to be a bit paranoid. Follow all the rules for the safe use of wallets and accounts, which is quite difficult and inconvenient.

rickn

member

Activity: 406

Merit: 10

The fight against hackers is endless and inglorious, because the impression is that they are always one step ahead of the solutions. There will always be people wanting easy profits and stealing the wallets of others.

AAfunctionaluppityF

newbie

Activity: 112

Merit: 0

No solutions at all. 100% security won't ever exists.
You can be safe only if you're not using an internet connection.

kazakovv

member

Activity: 140

Merit: 10

I think that we need at least a minimum regulation in this area. Then such cases will be much less.

Ahsan Aly

member

Activity: 462

Merit: 10

You have to be very secured and be careful during entering any private key or putting your personal information.
Be aware from phishing sites. Sometimes hacker does't steal money or tokens, may be you lose by your own mistake. So just read and learn this will be very helpful for you.

teterinal

newbie

Activity: 83

Merit: 0

The safest thing is for you to use a hardware wallet. Also since most of the recent hackings is in exchanges, you should not store you coins in exchanges. Just deposit to exchanges when you are trading then withdraw when you done. your coins should lwasys be in you personal wallet.

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