Topic: Cryptopia exchange hacked - page 20. (Read 4163 times)
This news made us more cautious and cautious about the exchange of decentralization, cryptopia was the first exchange that had been hit early this year, alarming. Users must have other exchanges to be safer for their assets. It seems that Binance can provide security.
That is a row of bad news that continues to occur on Cryptocurrency, a week ago we saw the Gate.io market has been hacked and thieves stole Coin Ethereum Classic, and now we all mourn because the Cryptopia market has been crushed, I hope to all exchange markets to be careful to protect user assets, so hacking does not happen again.
I'm sure that exchanges are really doing their best to protect user's assets, but remember that hackers are very smart and intelligent as well, they're like one step ahead of the game every time.
So as much as we don't like to see exchange being hack, it will occur. The only thing we can do is not to put all our money in an exchange so that in a event of a hack like this, we won't see our funds swept in a blink of an eye.
That is a row of bad news that continues to occur on Cryptocurrency, a week ago we saw the Gate.io market has been hacked and thieves stole Coin Ethereum Classic, and now we all mourn because the Cryptopia market has been crushed, I hope to all exchange markets to be careful to protect user assets, so hacking does not happen again.
It's quite unusual that even at this day and age, with a lot of techniques and new practice on safeguarding a platform, hackers are still able to get through even with the robust of security systems. I wonder how tight their security are and what their system admins do for the hackers to still find a vulnerability on the platform. Also, this stresses the age-old question of whether to keep your funds in an exchange or not, and the answer is laid right before our eyes every time a theft occurs.
there is nothing unusual about it because simply there is no computer security system in the whole world that is impenetrable. every system has some weakness. some have less and some have more but all of them can be broken into and when the incentive is high enough (in this case a large amount of money) there will be lots of attempts.
besides, most cases of exchange hacks were fake news where the exchange itself tricked their users and stole their money because they were going bankrupt and wanted to save their asses.
It's barely 15 days in to 2019 and this happened. I just do not want 2019 us to have another 2019 with many crypto exchange hacks like it was in the last year, The hack is also a factor that affect the decline in prices last year after huge sell orders of those stolen assets.
Good timing, ain't it? Just 2 weeks after the "Proof of Keys" event. Remember: "NOT YOUR KEYS, NOT YOUR BITCOIN" -Aantonop
From Cryptopia_NZ Twitter(https://twitter.com/Cryptopia_NZ/status/1085084168852291586):
From Cryptopia_NZ Twitter(https://twitter.com/Cryptopia_NZ/status/1085084168852291586):
Hey this is a bad event and I can’t help but feel sad for all those people who had coins on Cryptopia, I wish they’ll be able to withdraw their coins going ahead. In my initial days I used to hold my coins on exchanges, but then I realised despite all their securities they cannot be trusted. I have repeatedly said here, and will keep on saying your coins are safer in a wallet with you rather than a exchange, which are a must avoid.
Last day Cryptopia exchange hacked and make news about bitcoin will be negative, I don't how come biggest exchange market could be hacked by some people, how about their security safe or not, before making bigger exchange why not keep added best security for their exchange.
This is bad news, when there is a hacking action on the exchange then it will make a bad impact on the market situation of Bitcoin and Altcoin. The fact is that in fact there has been a decline in prices, this has also happened for several years and caused prices to drop dramatically. This is why we must choose an exchange that does have very good security features, a good reputation will make the exchange more secure and reliable.
*snip*
We already have DEXs, but none of them are user friendly enough to beat centralized exchanges unfortunately. Better DEXs will come in time I guess.waves dex never suffers from hack attacks,
stop using centralised exchanges
This is actually the first time that I somewhat slightly agree with you to a certain extent.stop using centralised exchanges
I never used this exchange. I strictly use Binance for the security. I hope anyone that lost some ETH will get their funds back.
As much as I want people to get their stolen funds back, I highly highly doubt it. Also, I hope you don't see Binance as something "unhackable", because they really aren't."NOT YOUR KEYS, NOT YOUR BITCOIN" -Aantonop
If I had kept my money in the bank it would still be there. But now I'm in this situation that my funds are held. So much for sound money. Every 6 months the exchanges gets hacked. This is not gonna drive adoption or fomo.
They lost around 20k ETH.
A token listing there cost 350 ETH at one point (paid in DOT).
They listed around 500 tokens.
Their fees are amongst the highest in crypto.
I think they have a responsibility to use their profits and put the exchange back on live.
They will live again only if they are serious to solve this problem. its sad to hear another news like this and I thought we already learn from the previous hacking incedents with the big exchanges. A token listing there cost 350 ETH at one point (paid in DOT).
They listed around 500 tokens.
Their fees are amongst the highest in crypto.
I think they have a responsibility to use their profits and put the exchange back on live.
"NOT YOUR KEYS, NOT YOUR BITCOIN" -Aantonop
What the hell?
Ugh, can we ever get an exchange that allows you to have your own keys? EVER? Jesus fucking Christ, we only need more reasons to show people how things change.
Is there any word on whether or not the lost funds would be compensated to its users?
Ugh, can we ever get an exchange that allows you to have your own keys? EVER? Jesus fucking Christ, we only need more reasons to show people how things change.
Is there any word on whether or not the lost funds would be compensated to its users?
waves dex never suffers from hack attacks,
stop using centralised exchanges
It is still not guaranteed that decentralized exchanges are safe. This is very unfortunate for cryptopia to suffer from a breach or what. This is alarming now because a lot of exchanges now are already hacked or suffer from this system breach, this can affect the market and of course the trust of every investors, we should choose a more safe exchange which I think its hard to find now. stop using centralised exchanges
Good timing, ain't it? Just 2 weeks after the "Proof of Keys" event. Remember: "NOT YOUR KEYS, NOT YOUR BITCOIN" -Aantonop
From Cryptopia_NZ Twitter(https://twitter.com/Cryptopia_NZ/status/1085084168852291586):
From Cryptopia_NZ Twitter(https://twitter.com/Cryptopia_NZ/status/1085084168852291586):
I have few coins on Cryptopia it seems that my coins will be stuck forever. Well, it's not big amount but those coins are coins that I mined last year.
I'm a little bit late to know this news honestly.
Let's hope that Cryptopia will be back online with a piece of good news but if they announce bad news that all coins are gone better to move on. I am sure they will never give our coins back.
And I'm sure there is a big price drop coming.
I'm a little bit late to know this news honestly.
Let's hope that Cryptopia will be back online with a piece of good news but if they announce bad news that all coins are gone better to move on. I am sure they will never give our coins back.
And I'm sure there is a big price drop coming.
Really sadness news specially to the users cryptopia exchange, but nothing to do these bad news is to wait the system become fix and thhe management promise to give update for this matter.
Hope this news not affected the bitcoin price going to drops lower than today value, and for the cryptopia exchange management i think this a lesson to always exchange the technique of how to secured theirs interest to avoid this hacking scenario.
Hope this news not affected the bitcoin price going to drops lower than today value, and for the cryptopia exchange management i think this a lesson to always exchange the technique of how to secured theirs interest to avoid this hacking scenario.
Even though these hackings are quite normal for a person who is in this field for a long time, they might frighten newcomers.
I don't think newcomers are that frightened to be honest. If they really were, they wouldn't blindly use an exchange that has quite a bad reputation in the industry, which is very easy to fact check by using Google.People nowadays Google everything, so there isn't much preventing them from doing the same with crypto exchanges. These exchanges are attractive because they list utter shitcoins other exchanges don't want to list.
It creates an incentive for people to sign up and send funds over to an exchange as Cryptopia. People like investing in shitcoins because they are cheap and pump harder than the top tier crypto currencies.
Another push back towards adoption. Even though these hackings are quite normal for a person who is in this field for a long time, they might frighten newcomers. Glad I don't keep anything in exchanges anymore, after MTgox
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The list of hacked exchanges are just getting larger. That is the downfall of the strictly centralized exchanges. In 2018, hackers managed to syphon out around 731 million usd from exchanges and cryptopia is the first one in 2019. I am sure, this is not the end and the list will grow even larger in 2019.
Can decentralized exchanges be the solution to prevent such hacks? Since centralized exchanges keep their money into a centralized location, it's lucrative for the hackers. But in decentralized exchanges, handling of money is controlled by the users and not kept in a centralized location. What do you guys think? Should we pay more attention to decentralized exchanges going forward?
Can decentralized exchanges be the solution to prevent such hacks? Since centralized exchanges keep their money into a centralized location, it's lucrative for the hackers. But in decentralized exchanges, handling of money is controlled by the users and not kept in a centralized location. What do you guys think? Should we pay more attention to decentralized exchanges going forward?
That's why I like to trade in decentralized exchanges. Though IDEX is getting centralized by their behavior, they are bringing KYC procedure for the asset withdraw! I always prefer the forkdelta/Etherdelta to buy tokens, but the sad part is, after a huge amount of money scam in centralized exchanges, people are still not interested in decentralized exchanges! I don't why! Even binance is not safe enough for long term holding! Actually, we need more decentralized exchanges with active support, One day traders will make a crowd in DEX Exchanges.
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waves dex never suffers from hack attacks,
stop using centralised exchanges
stop using centralised exchanges
Decentralized exchanges are also not secure enough, mate. Last year, Bancor faced a massive hacking incident and 23 Million USD was taken by the hackers! Therefore, Etherdelta exchanges had a few hacking experiences! But Overall, in this way, Decentralized exchanges are better than Centralized ! At least my funds are the only mine, not for any others cold wallet or centralized wallet!
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