Topic: Can bitcoin be stolen? - page 6. (Read 1537 times)
It is possible that hackers can steal bitcoin because bitcoin is a digital currency that is stored in a specific wallet out of reach of everyone. But before using the exchange sites you must maintain security and refrain from sharing your personal information with anyone. Hackers can easily steal your bitcoins if your wallet password is exposed. Keep your personal information in such a place that no one can know anything.
So now the question is bitcoin safe from hackers?, can it be stolen?
Is bitcoin safe from hackers? No. Can it be stolen? Yes
How can someone steal something you can not even physically hold or touch? Easy, just steal where it is stored in if a thief gets a hold of your wallet, there is now no way for you to get it back especially if you were storing your bitcoin in a decentralized wallet
It is also possible that hackers infiltrate your system and transfer the coins to their own
This is why even though bitcoin is relatively safe it is still up to us on how we can have more security and protect our own coins
Currently Bitcoin is a digital currency and currently Bitcoin does not exist in reality. Earlier there was form of bitcoin but now bitcoin has no form it is only a digital currency. Being a digital currency, Bitcoin is certainly possible to steal and many times we hear of major thefts in various media. If you are a bitcoin investor and you have enough bitcoins, you must keep the amount of bitcoins you have either in your exchange account or in your wallet. In that case, if someone else knows your private information or if someone else uses your device and steals your password or personal information, you can easily lose your bitcoins. So you must be careful about these things.
You are right Bitcoin theft has happened a lot, day by day hackers are finding new ways to steal. Generally we are living in the current age where everything is social media and internet is in our hands so hackers have found their fancy ways to steal how they can steal bitcoins so we have to try our best to keep our money safe. Generally in the age of internet as we are enjoying the benefits there are some disadvantages that many hackers are using its benefits for dishonest activities due to which many incidents are happening various hackers have hacked someone's account doing various types of stealing etc. Therefore, we should take utmost care so that our resources do not fall into the hands of any malicious gangs or hackers.
Yes my friend Bitcoin can be stolen because it's an asset. A digital asset for that matter. If bitcoin can't be stolen then why do people always preach about privacy of keeping our seed phrase for safety. As much as I concern, many hack has took place over so many years ago down to our current time. And most of them was cause by Insecurity of wallet.
If you haven't ever watched the YouTuber Kitboga, I highly recommend doing so. The man is truly doing gods work in scam bating and he is the king of scam bating...he will literally spends days or weeks scam baiting a single scammer. Of course by doing so, he is wasting thier time and preventing them from being able to scam someone who won't know any better...and sadly there's still so many people like that.
Here's a few examples of Kitboga messing with scammers who are trying to steal his "bitcoin" which is really just a fake virtual machine he's running that they try to hack and most are none the wiser...they think they are really inside his PC. Enjoy..
https://www.youtube.com/watch?v=uhhUBBoWLDY
https://www.youtube.com/watch?v=O5AqwpxHJNc
https://www.youtube.com/watch?v=uSgFRq2pY0Q
https://www.youtube.com/watch?v=uNKERzNED28
Here's a few examples of Kitboga messing with scammers who are trying to steal his "bitcoin" which is really just a fake virtual machine he's running that they try to hack and most are none the wiser...they think they are really inside his PC. Enjoy..
https://www.youtube.com/watch?v=uhhUBBoWLDY
https://www.youtube.com/watch?v=O5AqwpxHJNc
https://www.youtube.com/watch?v=uSgFRq2pY0Q
https://www.youtube.com/watch?v=uNKERzNED28
Please think also about what happens in case you have an accident. Here if nobody knows about the keys, the bitcoins are gone. If people know where to find the keys, this could increase the risk for you to have such an "accident". Plenty of divorces and former partners fighting about every cent.
Yes, but that's not really what's being discussed in this thread. The main thought of the topic is whether bitcoin can be hacked and stolen.
So now the question is bitcoin safe from hackers?, can it be stolen?
With someone carelessness, Bitcoin can be stolen. Once someone is lost with his or her private key or seed phrases,someone Bitcoin can be easily stolen. But if your private key and seed phase are only known to you and nobody gets access to them, it is very impossible for anybody to steal your bitcoin. So the important thing to do to avoid having your Bitcoin stolen is to provide proper security for your Bitcoin wallets by hiding the privacy and seed phrase wisely in a location where nobody will get access to it, unless only you or the person trust and show where you hide those your private key or seed phrase. Please think also about what happens in case you have an accident. Here if nobody knows about the keys, the bitcoins are gone. If people know where to find the keys, this could increase the risk for you to have such an "accident". Plenty of divorces and former partners fighting about every cent.
My suggestion would be, to make a will and leave this at a lawyer or so and add an envelope to a specific person with all your Bitcoin details. But tell nobody about this. So you can change this at any time, and in case of an accident the Bitcoins are not lost..
Of course bitcoin can be stolen because just like your fiat it's also a currency and also an asset so you are the one to guide and protect it as it belongs to you and only your carelessness is what can lead to it being stolen and again since it's digital makes it even more easier and that's why it's always advisable to do everything pertaining the safety of your coins offline and off the internet because it can easily get hacked by expert and free loaders.
Anyone that is interested in investing in bitcoin should question themselves about whether they are ready to shoulder the responsibility that entails storing those coins on their own? Because anyone that has invested an amount of money they think as considerable will tell you this is probably the most difficult step, since this is not something that you just do and then you can forget about it, you need to keep very high standards of security all the time and if you fail in a single instance, this can be more than enough to cause you to lose your coins. 
Of course bitcoin can be stolen because just like your fiat it's also a currency and also an asset so you are the one to guide and protect it as it belongs to you and only your carelessness is what can lead to it being stolen and again since it's digital makes it even more easier and that's why it's always advisable to do everything pertaining the safety of your coins offline and off the internet because it can easily get hacked by expert and free loaders.
So now the question is bitcoin safe from hackers?, can it be stolen?
With someone carelessness, Bitcoin can be stolen. Once someone is lost with his or her private key or seed phrases,someone Bitcoin can be easily stolen. But if your private key and seed phase are only known to you and nobody gets access to them, it is very impossible for anybody to steal your bitcoin. So the important thing to do to avoid having your Bitcoin stolen is to provide proper security for your Bitcoin wallets by hiding the privacy and seed phrase wisely in a location where nobody will get access to it, unless only you or the person trust and show where you hide those your private key or seed phrase. 
This can all be realized if users can understand the bitcoin storage system in a much more secure wallet, but if users store bitcoins on a centralized exchange then there is no guarantee that their bitcoins will not be hacked. The level of security for bitcoin assets really depends on storage and if we know how to store it well then it is likely that our assets will be much safer.
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.Bitcoin is a digital asset and is very unsafe if the owner does not set standards for storage. The private key or seed phrase is something that is most sought after by those who want to steal bitcoin because once they have it it is quite easy to take it.
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. 
So now the question is bitcoin safe from hackers?, can it be stolen?
With the many cases that occur for hacking and other crimes, we all agree that this can be stolen because after all, when something of value will definitely cause a reaction where it can be obtained and stolen by irresponsible people.But on the other hand, of course we can minimize things like this so that it doesn't happen to us and the people around us. We must know that apart from the bad intentions of bad people hacking or other crimes can occur because of the opportunity and the opportunity will be obtained if we are careless in the security of the accounts we have.
This is always the main problem that occurs because we are too careless in protecting our assets so we must try not to give bad people the opportunity to invade our wallets.
the truth is, we are the ones subjecting ourselves to vulnerability to these scammers and hackers. if you will limit your exposure to potential risks over the net, such fraudulent act may not happen at all in your investment accounts. if you are aware of the scamming techniques such as phishing emails, clickbaits, you will be more cautious on how you interact over the net. also, do remember a lot of these scammers are also operating on social media channels like telegram. if you receive unsolicited pm, better ignore and block the person. for sure, he is trying to fish naive individuals to screw up the funds.
Even though these thieves are very smart but still when we are not careless they will be a little bothered by the security we have unless we give them the opportunity to take a gap and we relax the security we have.
It is important to know that in this case even though we will definitely be very furious with the actions of such thieves who do dirty ways to get the opportunity to benefit personally but it is also necessary to realize that such things will definitely continue to happen as long as what is being discussed is something valuable and in this case means bitcoin in the portopolio that we have so that as much as possible we should be able to protect it because in my opinion if in the end we really guard and secure our assets well no matter how hard the thief wants to get it still it is difficult to happen.
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.
What is important here is that the man was arrested meaning even if what he can advanced in Bitcoin yet he will be behind bars.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.
Quote
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
Remember you mentioned here that this is the safest way to invest.then why below you still asked for this?Quote
So now the question is bitcoin safe from hackers?, can it be stolen?
But Bitcoin can be stolen as this has happened many times if you are lazy and stupid enough not knowing how to keep safe your assets.
Probably given Y combinator and sang yeon hwang south korean crimefronts runs a scam loot of blackmarket rinks so dangerous for all involved in all things Financials crooks destroying every aspect of the world
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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
This can all be realized if users can understand the bitcoin storage system in a much more secure wallet, but if users store bitcoins on a centralized exchange then there is no guarantee that their bitcoins will not be hacked. The level of security for bitcoin assets really depends on storage and if we know how to store it well then it is likely that our assets will be much safer.So now the question is bitcoin safe from hackers?, can it be stolen?
Bitcoin is a digital asset and is very unsafe if the owner does not set standards for storage. The private key or seed phrase is something that is most sought after by those who want to steal bitcoin because once they have it it is quite easy to take it. We all know that bitcoin was earlier stolen by James "Jimmy" Zhong
This was not the first time this will be happening, theft is everywhere as long as it has to do with humanbeings, you're the one that will not allow that to happen to you if you know about the measures to take in avoiding such.
So now the question is bitcoin safe from hackers?
Bitcoin is safe only if we maintain a security practice, when we take drastic measures of how we handle our asset security and privacy, the network is secured already, but we have to make it also being secured for ourselves.
can it be stolen?
Yes and you determine whether yes or no by yourself.
rs and ha
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?
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?
By all means, if you don't keep your wallet safe, then there's every chance that your wallet could be compromised and you can loose all your asset so the first thing keeping your wallet as safe as possible by choosing the best storage method to store your Bitcoin because if you don't do that, you're freely tendering your asset to scammers and hackers to access your funds and possibly highjack your investment.
If you're scared of hackers hacking your wallet then you can try a more secure way of storing your bitcoin, a way that not even hackers can access. Example is the hardware wallets, hackers can't access a hardware wallet, let alone getting the chance to hack it
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?
Bitcoin is the most valuable digital asset. so yeah of course it can 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?
there are countless hackers, scammers and online theifs ready and willing to steal anyone's bitcoins if they find a way. if your bitcoins are unprotected. if your keys are not stored in a safe place. if you are not careful while browsing internet and download any random softare. and If you trust anyone online easily an click on any links they share and do anything they tell you then let me tell you that you are the easiest target of hackers. and your bitcoins will be stolen sooner or later.
So better wake up and take necessary actions to protect your bitcoins.
Everything could be stolen if you wouldn't keep it safe.
Physical or online asset get stolen most of the time, it is up to us owners on how are we going to keep our assets safe from those who wants to steal it.
Physical or online asset get stolen most of the time, it is up to us owners on how are we going to keep our assets safe from those who wants to steal it.
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