Bitcoin theft or hacking is a common occurrence but only happens if the security system of the Bitcoin wallet is weak and the user is careless.
If the security system/Private Key/Password/Seed Phase etc. of the wallet which is in the device of many people is stolen or hacked for any reason then only bitcoins can be stolen and also it is never possible to steal bitcoins from the wallet.
Moreover, there are many people who save the security phase of their wallet on the hard disk of the PC or device. Because if any hackers get access to that PC or device then they can get access to Bitcoin wallet. Many times links are sent from various phishing sites for some reason if someone connects wallet from that phishing link then only bitcoins can be stolen.
Topic: Can bitcoin be stolen? - page 5. (Read 1537 times)
I believe Bitcoin just like other cryptocurrency can be stolen if the wallet holding it is compromised. A situation where someone else has access to to wallet if they have the key phrase, they can wipe all your tokens/coins and that's why it is very important to keep your key phrase, mnemonic safe.
Yes, physical and virtual all types of assets can be stolen if they are not properly protected. Bitcoin is the most safest coin for investing but if you don't know how to secure it then it can be also stole from you by hacking. There is lots of news and articles that poeple also losses their bitcoin for their mistakes. So always be aware when you are browing specially the device that you are holding bitcoin.
It is no longer wrong that every person must really want to protect their own assets so that they are not lost, especially if these assets are assets that have a very high value in their life. Likewise, devices where you can store Bitcoins should not be given to other people carelessly, and you should not open access to websites carelessly if the website is not truly safe from viruses.The most incidents and dangers are in virtual assets and they are always lurking, it's not as perfect as it sounds and of course if everything is not stored properly it is very vulnerable to theft, especially if it is digital based.
Yes. Coin assets are generally all stored on the phone, so I think we create Backups regularly to prevent bitcoin theft if our phone is stolen or lost.
Even though you have made a special backup to protect the wallet where you store Bitcoin, it is a good idea if you want to take another option such as storing it in a hardware wallet so that it is very easy for you to maintain it. Because smartphones are also vulnerable to damage and are also susceptible to viruses if you click on dangerous links accidentally. Yes. Coin assets are generally all stored on the phone, so I think we create Backups regularly to prevent bitcoin theft if our phone is stolen or lost.
For example, Bitcoin is very vulnerable to phishing. Phishing is one of the biggest problems for cryptocurrency owners. In addition, we are vulnerable to software backdoors.
Phishing is a problem indeed. but not the biggest. In fact phishing is only a problem for stupid people who easily fall for any links sent to them. if we be careful enough and stop clicking on any random links, and verify important links twice and by manually typing them. then the risk of getting phished will almost reduce to none.Software backdoors and malewares from softwares is a bigger problem than phishing. but with being cautious we can eliminate that risk too.
the thing is every problem has a solution. it all depends on each person. how they deal with those problems and how they avoid getting into the problems at first place.
I agree with you, but humans have a tendency not to be perfect. If you have all your bitcoins in 1 wallet, 1 mistake can be enough to lose all. Therefore you should have your Bitcoins split over several different storage options, then 1 mistake should affect only a part of your Bitcoin holdings...
using cold wallets or offline wallets because we don't know what will happen in the future , we may lose
handle one of them or we might completely forgot the pass key? there are circumstances that cannot
be explained so better be ready with those.
But managing multiple wallets is not as simple as you think. If you only have one wallet and one seed phrase, you already have trouble storing them safely . So how can you easily manage it if you have 3 to 4 wallets to manage ? If you don't trust and feel your storage is still risky, distributing your bitcoins across multiple wallets does not guarantee that they will be any safer. With the method of using multiple wallets for storage, you probably won't lose all your bitcoins when hacked, but have you thought about the risks of storing too many seed phrases?
Now bitcoin is one of the safest way to invest digital currency. Because of its new and improved security system it makes it hard for hackers and thief to access
So now the question is bitcoin safe from hackers?, can it be stolen?
Talking about the safest way to invest well, I wouldn't want to rule out Bitcoin but then it's important you understand that Bitcoin was basically created for the purpose of having a decentralized currency online and not to be just invested upon but the demand and supply has affected it's price over the years.
For example, Bitcoin is very vulnerable to phishing. Phishing is one of the biggest problems for cryptocurrency owners. In addition, we are vulnerable to software backdoors.
Phishing is a problem indeed. but not the biggest. In fact phishing is only a problem for stupid people who easily fall for any links sent to them. if we be careful enough and stop clicking on any random links, and verify important links twice and by manually typing them. then the risk of getting phished will almost reduce to none.Software backdoors and malewares from softwares is a bigger problem than phishing. but with being cautious we can eliminate that risk too.
the thing is every problem has a solution. it all depends on each person. how they deal with those problems and how they avoid getting into the problems at first place.
I agree with you, but humans have a tendency not to be perfect. If you have all your bitcoins in 1 wallet, 1 mistake can be enough to lose all. Therefore you should have your Bitcoins split over several different storage options, then 1 mistake should affect only a part of your Bitcoin holdings...
using cold wallets or offline wallets because we don't know what will happen in the future , we may lose
handle one of them or we might completely forgot the pass key? there are circumstances that cannot
be explained so better be ready with those.
It can be stolen absolutely, there are cases of people losing their bitcoins to hackers or thieves. While Bitcoin has implemented new and improved security, it is important to remember that no system is completely fool proof. Hackers and thieves are always finding new ways to target individual and their Bitcoin wallets. It's crucial to take precautions to Keep your bitcoin safe such as using strong passwords enabling two factor authentication and storing your Bitcoin in a secure wallet. Be cautious when dealing with your bitcoin.
So now the question is bitcoin safe from hackers?, can it be stolen?
Your BTC's in your wallet is only as safe as the device you store it in, if you have good opsec and you use your wallet offline with more than one backup of your seed phrase stored in different locations, then your fund is safe. Some people think that because the BTC network in itself is safe and secure, then the BTC's in their wallet is also safe, but that depends on them alone. If you store your coins in an unsafe environment, surely it can be stolen by attackers. For example, Bitcoin is very vulnerable to phishing. Phishing is one of the biggest problems for cryptocurrency owners. In addition, we are vulnerable to software backdoors.
Phishing is a problem indeed. but not the biggest. In fact phishing is only a problem for stupid people who easily fall for any links sent to them. if we be careful enough and stop clicking on any random links, and verify important links twice and by manually typing them. then the risk of getting phished will almost reduce to none.Software backdoors and malewares from softwares is a bigger problem than phishing. but with being cautious we can eliminate that risk too.
the thing is every problem has a solution. it all depends on each person. how they deal with those problems and how they avoid getting into the problems at first place.
I agree with you, but humans have a tendency not to be perfect. If you have all your bitcoins in 1 wallet, 1 mistake can be enough to lose all. Therefore you should have your Bitcoins split over several different storage options, then 1 mistake should affect only a part of your Bitcoin holdings...
For example, Bitcoin is very vulnerable to phishing. Phishing is one of the biggest problems for cryptocurrency owners. In addition, we are vulnerable to software backdoors.
Phishing is a problem indeed. but not the biggest. In fact phishing is only a problem for stupid people who easily fall for any links sent to them. if we be careful enough and stop clicking on any random links, and verify important links twice and by manually typing them. then the risk of getting phished will almost reduce to none.Software backdoors and malewares from softwares is a bigger problem than phishing. but with being cautious we can eliminate that risk too.
the thing is every problem has a solution. it all depends on each person. how they deal with those problems and how they avoid getting into the problems at first place.
It is not owned by Anyone but you , so Bitcoin can be stolen if you don't know to keep them safe and don't know what security you may use .
there have tons of scamming and hacking happened over the years , and sometimes it is not being stolen why they lose their bitcoins but not saving their keys and forgetting in the future.
there have tons of scamming and hacking happened over the years , and sometimes it is not being stolen why they lose their bitcoins but not saving their keys and forgetting in the future.
We are now living in digital or modern age. Nowadays we do a lot of work online. Whether we use the Internet for personal or professional reasons, we must be aware of online risks. If you are not aware, you can face various risks of online media or situations like hacking. However, the most valuable coin currently is Bitcoin. Now if I have Bitcoin there is a possibility that it will be stolen. There are various ways hackers can steal my bitcoin information from the internet access. Of course using strong, unique passwords for wallets to protect me from theft of my bitcoins, setting up two-factor authentication if necessary. Also make Bitcoin transactions through the right exchange because it is possible to lose Bitcoin from the exchanges. I think these matter should be prepared in advance.
No matter where we are in a situation, the risk is always there, whether it's online or offline. All that is needed is that we are prepared for the consequences that we can face with things like this in cryptocurrency.
And because we are in the online category here in this field, there is really a chance that our Bitcoin will still flow if a hacker finds a wallet account that has a leak. He will enter it and take Bitcoin if he has the chance. And this is often done through their phishing tools.
I think saving bitcoin fund in wallet and centralized exchange have difference highest level of security, actually offline wallet more recommended than use exchange for saving bitcoin assets. In exchange wallet has unique the security level depend on regulation on each exchange market, usually with exchange detect new IP login access will required email confirmation are there real owner or not and loss access if hacker have take all data exactly with email. But has advantage with centralized exchange for saving assets when forgetting or reset 2FA have feature re KYC and its difficult way for hacker stole bitcoin fund are saving in the exchange wallet.
That's a different problem because hacking is carried out by irresponsible people and as much as possible we must be able to maintain a security system for the assets we own. Meanwhile, if we forget the seed phrase password for the wallet we use, it is due to negligence and is entirely our own fault. Offline wallets are much safer, but using some of the wallets recommended on forums is also good, as long as we know how to use them and store the important things we need.Generally, all digital assets is very unsafe right now how many kinds malware or fake link sent to us and risk if using the same mobile phone are place saving our bitcoin then use for active in social media. More safety use difference mobile phone for saving place digital assets such as bitcoin and another phone using for social media when get malware link keep protecting with our digital assets such as bitcoin.
That's why people need to verify every kind of malware link sent by people and if we have bitcoin assets then there is no need to open anything related to it. Although using several cellphones is an alternative for security and if you have to use one cellphone then you should not have to open lots of other people's posts connected to the internet. Basically, security is a step that we need to pay attention to and we have to verify it ourselves and don't get caught up in something sent by someone else, be it an invitation or something like that. 
Yes, physical and virtual all types of assets can be stolen if they are not properly protected. Bitcoin is the most safest coin for investing but if you don't know how to secure it then it can be also stole from you by hacking. There is lots of news and articles that poeple also losses their bitcoin for their mistakes. So always be aware when you are browing specially the device that you are holding bitcoin.
The most incidents and dangers are in virtual assets and they are always lurking, it's not as perfect as it sounds and of course if everything is not stored properly it is very vulnerable to theft, especially if it is digital based.
Yes. Coin assets are generally all stored on the phone, so I think we create Backups regularly to prevent bitcoin theft if our phone is stolen or lost.
We all know that bitcoin was earlier stolen by James "Jimmy" Zhong
James Zhong is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; value as of 2023 approximately $3.4 billion) from the online black market Silk Road between 2012 and 2014.He was also involved in the early development of bitcoin,he found an error on Silk Road that allowed him to withdraw more funds than what was initially deposited. This was activated by repeatedly double clicking the withdraw button, and further abused by using multiple accounts on the website. Zhong managed to conceal his identity and elude detection for nearly 10 years. He lived a luxurious lifestyle, using tools such as cryptocurrency mixers to obscure the origin of the bitcoin he spent. In 2019, he made a mistake by transferring a small amount of stolen bitcoin to a cryptocurrency exchange that followed know-your-customer rules. The IRS's criminal investigation division then tracked him down.
Source link: https://en.m.wikipedia.org/wiki/James_Zhong#
It turns out that Bitcoin stealers target not only big companies but individual users with modest amounts in their crypto wallets.
Now bitcoin is one of the safest way to invest digital currency. Because of its new and improved security system it makes it hard for hackers and thief to access
So now the question is bitcoin safe from hackers?, can it be stolen?
James Zhong is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; value as of 2023 approximately $3.4 billion) from the online black market Silk Road between 2012 and 2014.He was also involved in the early development of bitcoin,he found an error on Silk Road that allowed him to withdraw more funds than what was initially deposited. This was activated by repeatedly double clicking the withdraw button, and further abused by using multiple accounts on the website. Zhong managed to conceal his identity and elude detection for nearly 10 years. He lived a luxurious lifestyle, using tools such as cryptocurrency mixers to obscure the origin of the bitcoin he spent. In 2019, he made a mistake by transferring a small amount of stolen bitcoin to a cryptocurrency exchange that followed know-your-customer rules. The IRS's criminal investigation division then tracked him down.
Source link: https://en.m.wikipedia.org/wiki/James_Zhong#
It turns out that Bitcoin stealers target not only big companies but individual users with modest amounts in their crypto wallets.
Now bitcoin is one of the safest way to invest digital currency. Because of its new and improved security system it makes it hard for hackers and thief to access
So now the question is bitcoin safe from hackers?, can it be stolen?
I can tell you that the guy you mentioned is not the only person who managed to steal Bitcoin. Not even close. I'm not even sure it was the biggest theft of all time.
Replying to your question, yes Bitcoin can be stolen, like any other form of money, property etc. You only have to rely on yourself, remain cautious and alert. Store your Bitcoin wallet the same way you would store your conventional wallet - keep it safe, try to avoid showing it in public etc and you'll be good.
mixers and physical drives can help
Mixer don’t help you steal bitcoin, you need to do what ever work or trick you have to do in other to get those bitcoins off the owners hand before you can think of using a mixer the mixer will only help you unlink the coin from your address to a new address that you will send it to, without the trace or where you originally get it from and even without using mixer their also other way of doing that for privacy shake if your coin and not just for stolen funds only.
mixers and physical drives can help
Yes, physical and virtual all types of assets can be stolen if they are not properly protected. Bitcoin is the most safest coin for investing but if you don't know how to secure it then it can be also stole from you by hacking. There is lots of news and articles that poeple also losses their bitcoin for their mistakes. So always be aware when you are browing specially the device that you are holding bitcoin.
We are now living in digital or modern age. Nowadays we do a lot of work online. Whether we use the Internet for personal or professional reasons, we must be aware of online risks. If you are not aware, you can face various risks of online media or situations like hacking. However, the most valuable coin currently is Bitcoin. Now if I have Bitcoin there is a possibility that it will be stolen. There are various ways hackers can steal my bitcoin information from the internet access. Of course using strong, unique passwords for wallets to protect me from theft of my bitcoins, setting up two-factor authentication if necessary. Also make Bitcoin transactions through the right exchange because it is possible to lose Bitcoin from the exchanges. I think these matter should be prepared in advance.
So now the question is bitcoin safe from hackers?, can it be stolen?
The safety of your bitcoin depends on the person that has that bitcoin, if you're irresponsible at how you store your keys and seed phrases not having any backup that's not stored in multiple formats and you click a lot of suspicious links all the time and you download stupid stuff from shady websites, you're likely to be an easy victim for hackers. Hackers or black hat hackers prey on people that are bad at their online security and they try and find an exploit in your system so they can steal something or make your daily life inconvenient so the more irresponsible you are with your bitcoin then you're more likely to be a target by this people that have nothing better to do than steal from other people online, be responsible and don't be one of the many victims of these hackers. Jump to: