Topic: Another Exchange got hacked (Read 547 times)
Anyone following the Dlend fiasco? 25 mill got stolen, and then the hacker somehow left his email to the guys, and the owners spoke to him and told him he had left his private details. How about that right guys? Smart enough to hack and not smart enough to keep things private. Hacks will keep happening as long as coders are crap.
Even binance got hacked, the most respected crypto exchange in crypto universe, this mean that anything can happen to any exchange at any time, the wisest move is never to leave funds on exchanges
Greatfully, binance can solved the problem and pay back all money that has stolen. That is the important thing, as long as the exchange can be able to give the money back then we will be fine with the exchange. The worst thing is an exchange can't be able to replace the user-owned money.Because as we know the chance for the exchange getting hacked is 80% although we have considered that security exchange is good but there will be a chance to pass it. A security was made by human through the technology and we know either that hackers is human as well he will know what everyone done especially if they do the same thing.
Another crypto exchange got hacked and this time the victim is Bisq, a trading platform that has temporarily ceased all its trading services that unfortunately cost users at least $250,000 in digital funds, is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
hacking on exchange is normal but it is really weakening if your one of those users who got hacked but you can be fine if ever the exchange decided to refund you but i think that is rare and they will also refund by some percent and not the total amount that you have left before the hacking begun .
the hacking wont be stop . small or big exchange is not exempted to this but the exchange that have been hacked before should know if what they are missing out on thier security and they can improve it to prevent the same situation
I imagined! How a whole exchange get hacked, then could that be due to the safety ignorance of the account managers or what actually made the account vulnerable because I believe it Should be handled by experts. What will now be the lots of all those who have the coin with them.it was like binance was also a victim of hackers sometimes ago.. something has to be done as all this are not good record for the image and progress of cryptocurrency.
Another crypto exchange got hacked and this time the victim is Bisq, a trading platform that has temporarily ceased all its trading services that unfortunately cost users at least $250,000 in digital funds, is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
what will you expect these days, hackers target are the exchanges where they can steal a lot of money if they successfully enter thsy cabn easily send the exchnage fund into the hackes account. 
It's an unending story. Hackers can hacked some crypto exchanges and no one can ever prevent that. I remembered Binance before, but they acquire all the responsibilities and return the hacked btc to the users. However, I wonder how Bisq reacts to this situation. Will they compensate and be responsible for the lost and hacked coins? Or will they just exit?
Ols or new exchanges cannot escaped this bad experience, hacking issues. But if these happens, their security would always be at question.
In Bisq situation it didnt really have that issue of stored funds being hacked but the way transactions being intercepted since this is p2p then Ols or new exchanges cannot escaped this bad experience, hacking issues. But if these happens, their security would always be at question.
that flaw does really give out effect.I didnt even expect for that thing to happen yet we know that Bisq is a dex but hackers do able to find ways
on exploiting it that simply means nothing is unhackable.So far, there are no announcement in regards about compensation.
Even binance got hacked, the most respected crypto exchange in crypto universe, this mean that anything can happen to any exchange at any time, the wisest move is never to leave funds on exchanges
Its always been suggested but there are people who do still ignore this basic stuff.
Even binance got hacked, the most respected crypto exchange in crypto universe, this mean that anything can happen to any exchange at any time, the wisest move is never to leave funds on exchanges
Another crypto exchange got hacked and this time the victim is Bisq, a trading platform that has temporarily ceased all its trading services that unfortunately cost users at least $250,000 in digital funds, is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
This should be a lesson to all the community newbies as not to keep your funds in any exchange. Exchanges without good reputation by the community members should be seen as a threat to those who don't want their funds to get lost. From the beginning of the cryptocurrency world was these types of hacks and the hacks continues, we should be careful about our funds. Any exchange that keep your private keys tends to take control over your savings.
It is always good to safeguard our asset in our personal wallets, of course, a trader will always hold some funds in the exchange for their trading activity. Even though Binance got hacked, but they fairly distributed the lost funds from their #SAFU funds, there are many other exchanges who didn't share funds to their when they got hacked. That's why it is always good to stay with the securities exchange like penance.
It's an unending story. Hackers can hacked some crypto exchanges and no one can ever prevent that. I remembered Binance before, but they acquire all the responsibilities and return the hacked btc to the users. However, I wonder how Bisq reacts to this situation. Will they compensate and be responsible for the lost and hacked coins? Or will they just exit?
Ols or new exchanges cannot escaped this bad experience, hacking issues. But if these happens, their security would always be at question.
Ols or new exchanges cannot escaped this bad experience, hacking issues. But if these happens, their security would always be at question.
Another crypto exchange got hacked and this time the victim is Bisq, a trading platform that has temporarily ceased all its trading services that unfortunately cost users at least $250,000 in digital funds, is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
This should be a lesson to all the community newbies as not to keep your funds in any exchange. Exchanges without good reputation by the community members should be seen as a threat to those who don't want their funds to get lost. From the beginning of the cryptocurrency world was these types of hacks and the hacks continues, we should be careful about our funds. Any exchange that keep your private keys tends to take control over your savings.
Another crypto exchange got hacked and this time the victim is Bisq, a trading platform that has temporarily ceased all its trading services that unfortunately cost users at least $250,000 in digital funds, is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
These hacks are just getting too much with each passing day and i can confidently say this happening is very dangerous to the current state of the market as we are hoping for a more of a stable market since the dump cause by the global crisis of the pandemic. I think every exchange should brace up their security against these hacker, like it's been a decade since this has been happening amd yet there isn't a go-to approach to make exchanges more secure. I feel for the thousands of user who will lose assets to this hack during this difficult time as everyone is bracing up to see the end of the tunnel of this whole global pandemic
Another crypto exchange got hacked and this time the victim is Bisq, a trading platform that has temporarily ceased all its trading services that unfortunately cost users at least $250,000 in digital funds, is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
This hack will not stop believe me, I'm saying it because I have strong point. All old exchange can't survive for long time, where new exchange will take this place. Any new exchange hasn't any hack experience, how to protect an exchange. Hack means some limitations, every exchange has something, just smart people find it after long time work. My suggestion is New exchange should take help from old exchange. 
Never heard of this exchange though anything whether it is a small or big exchange there is still a risk of getting hacked, actually, the bigger ones even though they have high security for sure they are the ones who will be the main target of hackers. For me, binance did their part when it got hacked that all funds are SAFU.
Not many exchanges can do what Binance did. Most crypto exchanges don't have SAFU in place. I guess, small or big exchanges should start thinking of this kind of insurance fund. Because hackers are getting aggressive, they don't classify it as small or big, as long as they can acquire money from it. Though I never had the chance to use that exchange, but this is the major reason why you should not store your coins in the exchange. I know you've heard that many times, but people need to remind every time this unfortunate event happens.
Another crypto exchange got hacked and this time the victim is Bisq, a trading platform that has temporarily ceased all its trading services that unfortunately cost users at least $250,000 in digital funds, is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
No doubt, the entire cryptocurrency exchange markets have been innovative over the years with their ever inventory features aimed at making the trading of cryptocurrency an amazing endeavor but they've all seems to loose control of one important aspect which is the security of their platform, this is so as even the biggest of exchanges such as binance have had their fair share of hack experience. I can't help but implore exchange providers to make their architectures so secure that they will leave no loopholes for hackers to prey on
Never traded on Bisq, but seems like the hacker exploited a loophole they had. I've only traded on Blocknet's DEX, which to this date never have been hacked, and hopefully never will, due to their decentralized network. Nodes are hosted by masternodes, so you'd have to be able to somehow take control of those to route transactions elsewhere, which is highly unlikely.
From what I could read, the only coins taken was XMR though.
From what I could read, the only coins taken was XMR though.
From an article over at CoinDesk:
"The value of the crypto stolen was roughly $22,000 worth of bitcoin (BTC) and $230,000 worth of monero (XMR), according to CoinDesk data at press time. In total, that comes to more than $250,000."
From what I understand it's very difficult to get a hold of the master nodes, and or be apart of the dispute process (being the judge and the jury). In this case it looks like the attacker exploited the trading platform by using a loophole.
This is the first time I hear about Bisq exchange. By the news hackers exploited a significant software flaw!
It's why it's important to choose exchange with high security and without software flaws. Exchange where
team constantly work on improvements!
At least this time we are not talking about millions of dollars in crypto-currencies! Hackers stole $250k.
For most of us it's a lot, but comparing with some previous hacks it's not much. I don't think that this hack
will disturb the market!
It's why it's important to choose exchange with high security and without software flaws. Exchange where
team constantly work on improvements!
At least this time we are not talking about millions of dollars in crypto-currencies! Hackers stole $250k.
For most of us it's a lot, but comparing with some previous hacks it's not much. I don't think that this hack
will disturb the market!
The thing about hacks is not about how it affects the market but the affected users and what this means for other users who were not victims. It might not be a big deal to you because you're not on the losing end. Also, Its not about using a 'high security' exchange. In reality, every software can be hacked. Hacking doesn't only involves exploiting the software but also the underlying operating system (Windows, MacOS, Android, etc), the hardware or even the people using it.
I've seen cases of people's wallet getting hacked.
This is the first time I hear about Bisq exchange. By the news hackers exploited a significant software flaw!
It's why it's important to choose exchange with high security and without software flaws. Exchange where
team constantly work on improvements!
At least this time we are not talking about millions of dollars in crypto-currencies! Hackers stole $250k.
For most of us it's a lot, but comparing with some previous hacks it's not much. I don't think that this hack
will disturb the market!
It's why it's important to choose exchange with high security and without software flaws. Exchange where
team constantly work on improvements!
At least this time we are not talking about millions of dollars in crypto-currencies! Hackers stole $250k.
For most of us it's a lot, but comparing with some previous hacks it's not much. I don't think that this hack
will disturb the market!
The thing about hacks is not about how it affects the market but the affected users and what this means for other users who were not victims. It might not be a big deal to you because you're not on the losing end. Also, Its not about using a 'high security' exchange. In reality, every software can be hacked. Hacking doesn't only involves exploiting the software but also the underlying operating system (Windows, MacOS, Android, etc), the hardware or even the people using it.
I've seen cases of people's wallet getting hacked.
Never heard of this exchange though anything whether it is a small or big exchange there is still a risk of getting hacked, actually, the bigger ones even though they have high security for sure they are the ones who will be the main target of hackers. For me, binance did their part when it got hacked that all funds are SAFU.
Another crypto exchange got hacked and this time the victim is Bisq, a trading platform that has temporarily ceased all its trading services that unfortunately cost users at least $250,000 in digital funds, is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
This will not stop, there will always be "unscrupulous" people who try to benefit by doing inappropriate ways. This kind of crime we often encounter in the real world too, right? just think of pickpockets. We also have to realize this is part of the risk when involved with the world of crypto, don't make this fear, make it the motivation to do the best strategy and security for your assets. Choose an exchange that is truly trusted, they will certainly provide compensation and take responsibility if there are things that are detrimental to their users.During 2019, several exchanges were hacked, including the top global exchanges. Some of them have a significant influence on the market. This can be repeated, so be wise in protecting your assets.
source: https://t.me/ico_analytic/1385
At least, look at the good side of the hack news. The frequency of hack news dropped a lot after the last ATH in 2017. The Bisq is not the biggest and probably the team didn't take the security flaws seriously in bug bounties.
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