Topic: Are you Alarmed of the Recent Hacking Incidents in some Exchange? - page 2. (Read 369 times)
July 27, 2018, 04:57:09 AM
Thats why I never jump into flashy new exchanges. The so called ICO exchanges nowadays are operated by novice high school programmers who just know some bootstrap html and want to operate an exchange. You should look for professionalism and experience when it comes to handling your fund.
July 27, 2018, 04:54:09 AM
Hacking exchanges is the very old condition already.
I am dont store all my coins on exchanges only some of part which i want to sell immediately if pump happened
I am dont store all my coins on exchanges only some of part which i want to sell immediately if pump happened
July 27, 2018, 04:51:09 AM
I treat such news calmly because such incidents occur in the crypto-currency world not for the first time. And to avoid becoming a victim, I keep all my coins on a cold wallet. And what you recommend!
July 27, 2018, 04:48:03 AM
the hackers are always trying to find opportunities to find shortcomings in an exchange security system, the hackers will try hard to use their ability to get what they want, I agree there is no system that is 100% safe, crypto market is so vulnerable to hacking and news stories about hacking makes people panic then the market becomes chaotic. that's the system that occurs in cryptocurrency.
July 27, 2018, 04:43:40 AM
I am very much aware of it and I think what your friend say is absolutely true, there is no such thing as "100%" safe when it comes to internet technology. Even we think that all of these exchanger are safe there is always this possibility that it can be hacked. As we can see hackers are very much smarter than we ever think and I guess those hackers are also IT experts. So to profect your funds and avoid being hacked it would be better not to store your funds in any exchanger, store it in your personal wallet instead.
July 27, 2018, 04:26:38 AM
Actually we can use offline wallet but I absolutelty trust to Binance exchange becasue They never be unfair. If some hacking problemes live, They can solve problem and give your coin to you.
July 27, 2018, 04:09:23 AM
well,there have been a lot hack but they issues are given out info to wrong personels,by given out info hackers can use that to take off your coins,though much work are still need in hacking issue
July 27, 2018, 04:03:44 AM
It seems to me that almost any computer system can be hacked. Quite possibly, they launched into the Bancor network some virus that could copy some wallets of the owners, after that they just took their assets to their addresses.
July 27, 2018, 03:44:15 AM
there is always the risk of hacking in the digital world. There is no guarantee of this at all. The biggest mistake we make is to keep our assets in the exchanges wallet.
July 27, 2018, 03:35:06 AM
So choose big exchanges like binance and bittrex as much as possible, and security will be better protected.
If chose small exchange, so appear pilferage event, probably small exchange cannot afford to pay out.
If chose small exchange, so appear pilferage event, probably small exchange cannot afford to pay out.
July 27, 2018, 03:33:11 AM
This is why most bitcoin users are adviced to not use any exchange wallet as their main ones, but to be safe about these hacks you can simply avoid them by quickly moving your funds out of the exchange once trading is done, to be on the safe side.
This is one of my mistake, but I put only a certain amount for me to easily buy and sell. But for term hold, I am using a hardware wallet and mostly if its a token, I am using myetherwallet for easy access of my funds.
Of course, everyone is alarmed by exchange hacking incident and many exchanges already shut down.
July 27, 2018, 03:25:51 AM
I'm very aware of that. that's why i don't recommend that to my friends when they're asking me this kind of question. I prefer keeping it on MY etherwallet or coinomi wallet. Metamask and hardware wallet.
July 27, 2018, 03:22:21 AM
Yes, I'm afraid of the news of the stolen exchange. 
Because most of the time, if the top exchanges were stolen, there would be a big drop in the market as a whole, which is a terrible thing.
Because most of the time, if the top exchanges were stolen, there would be a big drop in the market as a whole, which is a terrible thing.
July 27, 2018, 03:20:21 AM
That's true that there's no perfect security and all of them have some few bits of openness.
There's no perfect system to be precise so whether they keep on upgrading their security and make it tighter, if these hackers were all living just to rob, they'll still find some ways to get in.
There's no perfect system to be precise so whether they keep on upgrading their security and make it tighter, if these hackers were all living just to rob, they'll still find some ways to get in.
July 27, 2018, 03:14:44 AM
Yes, the statement disclosed by the IT Engineer is correct, the more sophisticated the security technology so the hackers are smarter and curious how to infiltrate the security system. Also, hackers take advantage of people carelessness in action.
July 27, 2018, 02:31:54 AM
This is why most bitcoin users are adviced to not use any exchange wallet as their main ones, but to be safe about these hacks you can simply avoid them by quickly moving your funds out of the exchange once trading is done, to be on the safe side.
July 27, 2018, 02:16:50 AM
And what about decentralized exchanges?
It is possible to take possession of the domain of the exchange, but it seems impossible to crack the users' wallets. Decentralized exchanges do not have normal trading volumes. In the rest they are good.
It is possible to take possession of the domain of the exchange, but it seems impossible to crack the users' wallets. Decentralized exchanges do not have normal trading volumes. In the rest they are good.
July 27, 2018, 01:22:32 AM
In your Opinion How could this happen if all of this Exchange is employing top of the class cyber security. I remember and iT Engineer tells me (there's no such thing as 100% secure in the internet) and No system is Perfect! is this true? Don't hesitate to drop your opinion,
This is true that there's no 100% security. Any exchange can be easily hacked if their employee is part of the hacking process. Also this is why most bitcoin users are adviced to not use any exchange wallet as their main ones. I'm not worried about these hacks though you can simply avoid them by quickly moving your funds in and out of the exchange after you're done trading.
this is nothing new. if you check the history it is filled with exchange hack cases, some of them more serious than others and usually they are inside jobs or the exchange itself scamming its users out of their money!
in any case this is not about "nothing is safe on the internet" it is about exchanges not being safe and it is their own fault that they get hacked and the users shouldn't pay for their mistakes. in other words we need exchanges that guarantee the safety of trader's funds instead of making them pay for their mistakes in case of a hack.
in any case this is not about "nothing is safe on the internet" it is about exchanges not being safe and it is their own fault that they get hacked and the users shouldn't pay for their mistakes. in other words we need exchanges that guarantee the safety of trader's funds instead of making them pay for their mistakes in case of a hack.
Yes, I have fears. I started hearing such bad news about hackers very often. And that's why I never keep my coins on stock exchanges so that they are not stolen.
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