[ANN] BCNEX | The Ultimate Blockchain Trading Platform - page 105.

ganeshramk

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Quote from: chan001 on May 09, 2019, 12:24:14 AM

I just heard that 7000 BTC got stolen from one of the top exchange. This is becoming very serious issue now. Security and protection to investors money is big concern now.

Even the big exchanges are struggling. But I have hopes from the small exchanges where they will already learn lessons from the big ones without losses.

Anilbg

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Quote from: Nathan01 on May 09, 2019, 09:47:11 AM

Weekly update available

Check here https://twitter.com/bcnex_net/status/1125938329499918341?s=19

Great! So BCNEX team does provide weekly updates. Most of the projects don't put efforts in updating its followers.

Nathan01

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DocTailor IEO on Zloadr

Weekly update available

Check here https://twitter.com/bcnex_net/status/1125938329499918341?s=19

chan001

jr. member

Activity: 280

Merit: 1

Quote from: Nathan01 on May 09, 2019, 04:43:56 AM

Quote from: nwosuchristabe2 on May 09, 2019, 01:34:44 AM

Quote from: charlop24 on May 08, 2019, 02:56:27 PM

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

The issue of learning from the mistakes of others is important, but hackers seem to always have their way. It bores down to the issue of risk. There need to be some control procedure implemented by Bcnex to ensure that the hackers don't have access to large sums. They could utilise offline wallets to store large amounts of funds.

One crazy reality is that this guys are very smart and dedicated people. Binance is one hell of a very secured platform and would have taken a whole project to bring it to its kneels.

I'm particularly glad that new projects as Bcnex are learning really fast from this hacks of bigger platform. I do expect military grade security for their platform

Right, BCNEX will learn from others mistakes and hopefully will be able to setup more secure exchange where people's money is protected.

Nathan01

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Quote from: nwosuchristabe2 on May 09, 2019, 01:34:44 AM

Quote from: charlop24 on May 08, 2019, 02:56:27 PM

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

The issue of learning from the mistakes of others is important, but hackers seem to always have their way. It bores down to the issue of risk. There need to be some control procedure implemented by Bcnex to ensure that the hackers don't have access to large sums. They could utilise offline wallets to store large amounts of funds.

One crazy reality is that this guys are very smart and dedicated people. Binance is one hell of a very secured platform and would have taken a whole project to bring it to its kneels.

I'm particularly glad that new projects as Bcnex are learning really fast from this hacks of bigger platform. I do expect military grade security for their platform

nwosuchristabe2

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Activity: 686

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Quote from: Pricebrianer on May 08, 2019, 04:33:26 PM

The way I see it, the bears have had their time, and it’s time for the bull run. It’s a good opportunity to get cryptocurrencies at the current discount, to be a part of Promising ICO project. Just have to make the right choice, and exchanges get to do well in a bull run. Good luck BCNEX.

Bitcoin was able to break the deadlock of 6,000$ and that's a good sign for the coin market capitalisation. It could be a sign of the bull run which I believe is overdue. The bull run would also contribute to the success of the token sale of Bcnex.

charlop24

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Quote from: Mrcharles on May 09, 2019, 01:55:06 AM

Am not certain of the security features that BCNEX have in place but I believe that they are aware of the risk involved in cryptocurrency exchange industry and would make vehement moves to ensure that the funds of traders are secured. There are many security features in place, but more can be done to ensure a safe trading ground for users.

They never seem to be enough security measures taken to prevent the security breach from hackers. BCNEX needs to consistently upgrade and update their system to be able to withstand the cyber attacks that are imminent.

Mrcharles

copper member

Activity: 336

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Am not certain of the security features that BCNEX have in place but I believe that they are aware of the risk involved in cryptocurrency exchange industry and would make vehement moves to ensure that the funds of traders are secured. There are many security features in place, but more can be done to ensure a safe trading ground for users.

jumiapaul

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Activity: 336

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Quote from: nwosuchristabe2 on May 08, 2019, 01:57:19 PM

Quote from: jumiapaul on May 08, 2019, 01:52:55 PM

From every indication, its clear that BCNEX has a great product to offer in the cryptocurrency exchange industry. It would be highly necessary for the team to be aware that the exchange industry is very risky and a good target for hackers. We were astounded to hear that binance lost over 7,000 btc to hackers in a single attack. This amount is over 40 million dollars and could render many exchange platform penny less.

I was scared to my bones when I heard the news. I have been warned severally never to leave funds in centralised exchange because of eventualities like this. I felt really bad about the incidence and hope that the exchange would bounce back soon. It was a huge blow to the binance team indeed.

We really need to very careful with cryptocurrency exchange in general whether centralised or decentralized, they pose the same risk. I remember few years ago when ether delta was hacked, many people lost substantial amount of money, and that's same with several centralised exchange. The only partially safe place to keep your tokens is a wallet where you have the private keys.

nwosuchristabe2

copper member

Activity: 686

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Quote from: charlop24 on May 08, 2019, 02:56:27 PM

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

The issue of learning from the mistakes of others is important, but hackers seem to always have their way. It bores down to the issue of risk. There need to be some control procedure implemented by Bcnex to ensure that the hackers don't have access to large sums. They could utilise offline wallets to store large amounts of funds.

Anilbg

jr. member

Activity: 406

Merit: 2

Quote from: chan001 on May 09, 2019, 12:24:14 AM

Quote from: Getadaaa on May 08, 2019, 04:40:47 PM

Quote from: charlop24 on May 08, 2019, 02:56:27 PM

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

I think they’ve got the opportunity to make right stands from the very first steps. Good team, best features and a great support coupled with transparency from the teams end would get us through, all times. I got huge expectations from BCNEX, and they’ve been great so far.

I just heard that 7000 BTC got stolen from one of the top exchange. This is becoming very serious issue now. Security and protection to investors money is big concern now.

Yeah, that's really bad news. Setting up and exchange is big task but keeping investors money safe is even bigger task. One small loophole and people will lose faith in exchange.

chan001

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Activity: 280

Merit: 1

Quote from: Getadaaa on May 08, 2019, 04:40:47 PM

Quote from: charlop24 on May 08, 2019, 02:56:27 PM

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

I think they’ve got the opportunity to make right stands from the very first steps. Good team, best features and a great support coupled with transparency from the teams end would get us through, all times. I got huge expectations from BCNEX, and they’ve been great so far.

I just heard that 7000 BTC got stolen from one of the top exchange. This is becoming very serious issue now. Security and protection to investors money is big concern now.

Getadaaa

jr. member

Activity: 448

Merit: 3

Quote from: charlop24 on May 08, 2019, 02:56:27 PM

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

I think they’ve got the opportunity to make right stands from the very first steps. Good team, best features and a great support coupled with transparency from the teams end would get us through, all times. I got huge expectations from BCNEX, and they’ve been great so far.

Pricebrianer

jr. member

Activity: 364

Merit: 3

The way I see it, the bears have had their time, and it’s time for the bull run. It’s a good opportunity to get cryptocurrencies at the current discount, to be a part of Promising ICO project. Just have to make the right choice, and exchanges get to do well in a bull run. Good luck BCNEX.

ning_aric

full member

Activity: 826

Merit: 102

Quote from: charlop24 on May 08, 2019, 02:56:27 PM

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

There seem to be no limits to how far hackers could go. Binance got hacked recently, you could blame the users for poor use of the security provided, but it’s not your cryptocurrencies if you don’t hold the Private keys. I’m always looking out for option. BCNEX is in their early stages, I wouldn’t miss the opportunity to grab some tokens. What’s your security plans?

jumiapaul

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Activity: 336

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Quote from: charlop24 on May 08, 2019, 02:56:27 PM

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

Am in total agreement with your view. Its an obvious fact that technology quickly goes obsolete, making the previous model lesser than the latest. To be formidable, the exchange needs to be swift in updating its applications and equipments to reduce the risk of being hacked.

charlop24

copper member

Activity: 560

Merit: 2

Bcnex really need to learn from the experience of other cryptocurrencies exchange. They should ensure that only top notch security equipment and facilities should be installed and consistently updated, Because it seems that the hackers are always a step ahead and use better resource to carry out their evil enterprise, Bcnex really needs to get it right from the beginning to avoid making same mistakes as their predecessors.

Mrcharles

copper member

Activity: 336

Merit: 5

Quote from: jumiapaul on May 08, 2019, 01:52:55 PM

From every indication, its clear that BCNEX has a great product to offer in the cryptocurrency exchange industry. It would be highly necessary for the team to be aware that the exchange industry is very risky and a good target for hackers. We were astounded to hear that binance lost over 7,000 btc to hackers in a single attack. This amount is over 40 million dollars and could render many exchange platform penny less.

I learnt that 15 million dollars was stolen from crytopia exchange about 4 months ago and the exchange is yet to get back on its feet. The issue is that despite the security modalities in place, this hackers still get their way. Even binance CEO, couldn't explain what went wrong. It seems hackers are always a step ahead. We were told there would be suspension of deposit and withdrawal to carry out a system update, only for us to hear 7,000 btc left during the suspension.

dcoolguy84

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Quote from: nwosuchristabe2 on May 08, 2019, 01:57:19 PM

Quote from: jumiapaul on May 08, 2019, 01:52:55 PM

From every indication, its clear that BCNEX has a great product to offer in the cryptocurrency exchange industry. It would be highly necessary for the team to be aware that the exchange industry is very risky and a good target for hackers. We were astounded to hear that binance lost over 7,000 btc to hackers in a single attack. This amount is over 40 million dollars and could render many exchange platform penny less.

I was scared to my bones when I heard the news. I have been warned severally never to leave funds in centralised exchange because of eventualities like this. I felt really bad about the incidence and hope that the exchange would bounce back soon. It was a huge blow to the binance team indeed.

These kind of news from prominent platforms in crypto industry, indeed send some chills.
This also shows security breaches and is in fact lesson to others in community.
I hope BCNEX notes such incidences and makes system more robust.

nwosuchristabe2

copper member

Activity: 686

Merit: 2

Quote from: jumiapaul on May 08, 2019, 01:52:55 PM

From every indication, its clear that BCNEX has a great product to offer in the cryptocurrency exchange industry. It would be highly necessary for the team to be aware that the exchange industry is very risky and a good target for hackers. We were astounded to hear that binance lost over 7,000 btc to hackers in a single attack. This amount is over 40 million dollars and could render many exchange platform penny less.

I was scared to my bones when I heard the news. I have been warned severally never to leave funds in centralised exchange because of eventualities like this. I felt really bad about the incidence and hope that the exchange would bounce back soon. It was a huge blow to the binance team indeed.

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