Cryptocurrency successive hacking incidents,what can we do? - page 3.

amacar2

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Quote from: Mr.frost on July 11, 2018, 11:09:22 AM

Just wanted to ask the opinion of many about these incidents happened this past few days,what can we do as common individuals to help prevent these tragedies?

First think about your own fund's safety, never keep all you have in any exchange platform or just diversify your risk of losing by keeping your assets in multiple exchange platform. This is the only think we can do to limit the loses by such hacks.

The one who is behind the exchange themselves need to be responsible for security of the exchange against hackers.

2weent6

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Quote from: Gozie51 on July 12, 2018, 06:01:35 PM

Quote from: Mr.frost on July 11, 2018, 11:09:22 AM

what can we do as common individuals to help prevent these tragedies?

The easy thing to do is just to keep our security code safe from a third party. If we compromise our wallets , that is a problem. For instance, if you think your wallet has been comprised and probably the wallet is still empty, you just delete that and go for another one.

This is the best thing that we can do, to protect all the important details that we have especially when it comes to your private keys. A lot of shit people in this market who are trying to make money easily, so be careful in dealing with anyone.

cryptolidus

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When the hack happened You cannot do anything, this is why it is suggested to store Your coins on hard wallets and keep only funds on exchange you are trading actively with. Use Exchange with 2 FA enabled and save recovery on a safe place.

batang_bitcoin

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Quote from: coinporch on July 12, 2018, 07:07:38 PM

Quote from: batang_bitcoin on July 12, 2018, 06:53:50 PM

You can't prevent this incident, this job is for the exchanges and other platforms that are offering services. What can we do right now is to store most of our crypto's on a safe vault like hardware wallet.
If you don't have that, then install those wallets that has private keys that you can hold to have control to your funds.

yes, thats right, the exchange really need a great cyber security to make the platform safe
about our assets, all we need to do is keep our assets safe,
so, keep your crypto in the safest place in your home,, maybe a hardware wallet is very good choice

A hardware wallet is the best choice and don't store most of it in the exchanges so you can't avoid problems whenever they get hacked.

A desktop wallet is also what I'm saying when you don't want to use a hardware wallet and just leave it somewhere that you can access it.

Quote from: Robiaiya on July 12, 2018, 07:10:22 PM

to be honest you can't trust the safety of the internet .. I think we should always be careful when you login to a web site.. always double check the link .. also must choose exchanges with stronger security system

Correct! this is another thing that we should consider, beware of phishers too.

Dexion

full member

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we see this year a lot of hacked exchange, I think we can not help them, hackers must be attacked by hackers again.

using a decentralized exchange and securing any of our wallets with a double key becomes our choice. and do not keep your assets in the exchange wallet.

Robiaiya

newbie

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to be honest you can't trust the safety of the internet .. I think we should always be careful when you login to a web site.. always double check the link .. also must choose exchanges with stronger security system

coinporch

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Quote from: batang_bitcoin on July 12, 2018, 06:53:50 PM

You can't prevent this incident, this job is for the exchanges and other platforms that are offering services. What can we do right now is to store most of our crypto's on a safe vault like hardware wallet.
If you don't have that, then install those wallets that has private keys that you can hold to have control to your funds.

yes, thats right, the exchange really need a great cyber security to make the platform safe
about our assets, all we need to do is keep our assets safe,
so, keep your crypto in the safest place in your home,, maybe a hardware wallet is very good choice

echodike

newbie

Activity: 154

Merit: 0

Well cryptos space is still new and most hackers have shifted their attention and energy to attack crypto space, but the same thing reminds when credit cards first came out, there were a lot hack incidence, but with time, they became more secured, so same thing with cryptos, those attacks will make cryptos to find means to better build and make a secure environment for everyone in the future.

batang_bitcoin

hero member

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You can't prevent this incident, this job is for the exchanges and other platforms that are offering services. What can we do right now is to store most of our crypto's on a safe vault like hardware wallet.
If you don't have that, then install those wallets that has private keys that you can hold to have control to your funds.

Psynthax

hero member

Activity: 2366

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Quote from: Mr.frost on July 11, 2018, 11:09:22 AM

Just wanted to ask the opinion of many about these incidents happened this past few days,what can we do as common individuals to help prevent these tragedies? We have good opportunity on this field so I supposed everyone should take time to think about it.

Your opinion could help especially for us newbies,feel free to post a message thanks.

The majority of hackers were aiming to hack the centralized thing such as your wallet, exchange site and another centralized system. Just thinking to avoid by use the centralized thing. I use decentralized exchange and i have never got any problem with it. That's why i would like to aree about vitalik's opinion to the centralized exchange site must burn in hell.

Wickedwitch28

member

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This is the reason why people are afraid to invest in cryptocurrency because of hacking incidents. Investing in cryptocurrency market is quite risky but we shouldn't panic if there is havking incidents. What we should do is to stay calm and don't be panic. Try to resolve this incidents and make sure that we should choose exhanges that has a much stronger security system so that our coins will be safe.

Gozie51

hero member

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Quote from: Mr.frost on July 11, 2018, 11:09:22 AM

what can we do as common individuals to help prevent these tragedies?

The easy thing to do is just to keep our security code safe from a third party. If we compromise our wallets , that is a problem. For instance, if you think your wallet has been comprised and probably the wallet is still empty, you just delete that and go for another one.

hukes

newbie

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In this market hacking is a common issue for investors. Many people’s are afraid to invest on this market because of hacking. That's why this market need more secure technology.

lucykristina

newbie

Activity: 336

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Nothing is safe in internet and that resulted to some successive hacking in recent time. I think we shouldn't panic at such situation and become really afraid of loosing our money. This won't help. We just can be mpre careful with our privacy and should choose exchanges with much stronger security system

Mr.frost

newbie

Activity: 48

Merit: 0

Just wanted to ask the opinion of many about these incidents happened this past few days,what can we do as common individuals to help prevent these tragedies? We have good opportunity on this field so I supposed everyone should take time to think about it.

Your opinion could help especially for us newbies,feel free to post a message thanks.

Topic: Cryptocurrency successive hacking incidents,what can we do? - page 3. (Read 401 times)