Topic: Another Exchange got hacked - page 3. (Read 545 times)
I see that there are currently too many exchanges being created, many of which are done in a sloppy manner. Such exchanges are potential targets for hackers. People should choose which ones are highly rated for use.
I can tell you that hackers target exchanges the most, every day every minutes they are busy finding ways to break the security of any exchanges, this is why its always a bad choice leaving coins and tokens on any exchanges
Many hackers the number 1 target are the exchanges because they know that in the fundd of the exchanged is million dollars and once they enter the system they will get more money. So as trader too I suggested to newbie and even professional trader to seperate the coind to the exchanged waller to the wallet for crypto become more safe . The team of exchange need secure the system they have so people will be sure that their money is safe .
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, ~
This is old news, the hack happened a few days ago. The Bisq devs were able to fix the flaw and the exchange is already back in operation. For those looking for the full story, here's the article https://www.coindesk.com/hacker-exploits-flaw-in-decentralized-exchange-bisq-to-steal-250k
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is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
As long as there are hackers and there are flaws in an exchange system, funds will be stolen. Having a high security in place is a must for all exchanges but it is unlikely that hackers will be stopped all the time.is there no year gone by withouth a crypto exchange getting hacked? This one weaks me, will this ever stop?
What happened to Bisq proves that even decentralized exchanges, whom most of us thought as more secure, are also prone to hacks. It's a lesson that we shouldn't trust DEX developers too much. It is encouraged that we also educate ourselves on how to read codes. No system is 100% safe.
That's true no system is really 100% sure and safe, and with this we should realize that exchange is not the right place to keep our coins even if the exchange is one of the top exchange in the industry, always remember not your key not your money, the most secured wallet is the one that you can secure.
If big exchange like Binance were hack, small exchanges is more vulnerable to hacking, at the end of the day it's just all about the security and its insurance, if the site have an insurance feature then traders if ever they lose their money, they will be refunded, just like what Binance did.
https://coinmarketcap.com/exchanges/bisq/ , it's a small exchange with less than a million trading volume, I think they are in trouble with the money they loss.
But I am not sure if this exchange will do the same thing as binance by returning all the money that has been lost. For that I prefer to use binance because even though hacked but my money is still returnedhttps://coinmarketcap.com/exchanges/bisq/ , it's a small exchange with less than a million trading volume, I think they are in trouble with the money they loss.
Certainly in the future there will be more exchanges being attacked by hackers. I never trust exchanges because they're not really secure, even Binance exchanges are hacked in 2019 and it's one of the top exchanges in this market.
If big exchange like Binance were hack, small exchanges is more vulnerable to hacking, at the end of the day it's just all about the security and its insurance, if the site have an insurance feature then traders if ever they lose their money, they will be refunded, just like what Binance did.
https://coinmarketcap.com/exchanges/bisq/ , it's a small exchange with less than a million trading volume, I think they are in trouble with the money they loss.
Maybe this is just their trick to lame from the users? or indeed hacked so vulnerable to his site?https://coinmarketcap.com/exchanges/bisq/ , it's a small exchange with less than a million trading volume, I think they are in trouble with the money they loss.
Small exchange if hit by hacks, it will be large in the amount of 250k that is brought, but is there any insurance that can make this money back?
I really feel uneasy when I see news of a hacked exchange whether I have funds or not there coz there are people that will definitely loose their hard earned funds. I don't how they set up with their exchange but if individuals could secure their wallets with 2FA Authentication, these exchanges should have a back up plan against hackers.
People should be careful not to pile up their hodlings on one exchange,
Share it to different exchanges or better still, store outside an exchange where it will be better secured.
People should be careful not to pile up their hodlings on one exchange,
Share it to different exchanges or better still, store outside an exchange where it will be better secured.
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 is sad, but likewise it is one of the reasons why we are urged not to keep our funds in exchange platforms. Always use a cold storage or paper wallet
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?
Most of the hacking incidents are very unfortunate and should be addressed accordingly. Honestly speaking I doubt some of those incidents, I don't know why but I have a bad feeling about it. I suspected that it was a planned attack from within. I'm not a hundred percent sure, but it is highly possible. for me, it is an eye-opener for all of us that we should not let our holdings stay longer in any exchange because it is not safe and also choose the reliable and trusted crypto-exchange platform that suited for our needs. 
For a brief second I held my breath when I saw this thread, thinking it could an exchange I had tokens in. Well, thank goodness it isn't. These hacks are becoming ceaseless this day and that throws up a window of suspicion that the hacks could be coming from members of staff of these exchanges. I bet, they can't deny it is not an insider. People should be careful not to pile up their hodlings on exchanges. None is completely safe. Remember that Binance was also hacked in 2019.
I think no, but it will make every crypto's exchanges aware that they should make a service which have a good security. Don't just make a good trading platform in the side of feature or fee that charge. The first thing if they want their trading platform be used for long time they should pay attention the security service first. A feature and low charge for every fees is a bonuses for every trader. Even for me, I will choose a platform that has a good security instead of the trading platform charge a low fees and has a good feature, it doesn't make any sense to me.
This hacking phenomenon, especially, for exchanges has always been in the high. This is no exception though, and unfortunately the only lesson we can all take from this unfortunate incident is that security of any online platform must be a priority and needs regular checking. As sad as it is, there will be new methods these hackers can use that's why it's imperative that safety protocol checks/updates must be done on a regular basis.
Anyway, if you want you can read more about this event here: https://www.ibtimes.com/bisq-hack-250k-worth-crypto-stolen-users-2955689
Anyway, if you want you can read more about this event here: https://www.ibtimes.com/bisq-hack-250k-worth-crypto-stolen-users-2955689
There have been so many hacked exchanges in this market, it is making me scared to use the exchanges at the present time. They can be attacked at any time and our money can disappear spectacularly. Do not hold our assets at exchanges, it is best to send them to your personal wallet or cold wallet
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?
I don't even know this exchange exists in this market if it hasn't been hacked. This market is very dangerous and all exchanges can be hacked at any time, and we should refrain from using new and small exchanges because it is not secure.
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 is bad. Bisq is known to be one of the good exchanges out there. I haven't noticed that they were hacked until you have posted it. I verify that several articles confirmed that they were hacked and the amount was estimatedly $250,000.(https://securityaffairs.co/wordpress/101377/cyber-crime/bitcoin-exchange-bisq-hack.html)
(https://www.ibtimes.com/bisq-hack-250k-worth-crypto-stolen-users-2955689)
There has been so many hacking and it seems all this exchanges are not learning from the mistakes of others. As long there will always be flaws in an exchange , then there will be hacking because that's what they are meant to be doing. A good exchange should take responsibility of avoiding being hacked at all cost.
There are loopholes everywhere no matter how much you develop. Nothing is uncrackable or say 100% secured , there are always some vulnerabilities. Therefore proper maintenance should be run to check if all systems are running fine and spot vulnerability before the hackers do.
Still I don't know but I think there is something else going behind the scene when a new exchange which no one heard of gets hacked. Is there any news if it affected any users on their platform?
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?
I don't even know this exchange exists in this market if it hasn't been hacked. This market is very dangerous and all exchanges can be hacked at any time, and we should refrain from using new and small exchanges because it is not secure. 
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!
There has been so many hacking and it seems all this exchanges are not learning from the mistakes of others. As long there will always be flaws in an exchange , then there will be hacking because that's what they are meant to be doing. A good exchange should take responsibility of avoiding being hacked at all cost.
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