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Topic: Cryptopia exchange hacked - page 21. (Read 4122 times)

sr. member
Activity: 1624
Merit: 250
January 15, 2019, 04:17:33 PM
#12
This is sad news. But this kind of things should normally welcomed. So it is impossible to set up the best system on the internet and every brain can be superior than another.
waves dex never suffers from hack attacks,

stop using centralised exchanges
Could it be because just WAVES is traded? It is difficult to see liquidity in this exchange. As far as I know, this exchange is a beta version and I hope it will be better when main DEX will be released. But I do not think it is useful for now.
copper member
Activity: 39
Merit: 10
January 15, 2019, 03:59:11 PM
#11
I never used this exchange. I strictly use Binance for the security.  I hope anyone that lost some ETH will get their funds back.
member
Activity: 238
Merit: 10
January 15, 2019, 03:54:08 PM
#10
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.
sr. member
Activity: 860
Merit: 423
January 15, 2019, 11:59:31 AM
#9
waves dex never suffers from hack attacks,

stop using centralised exchanges

Does it deal with FIAT as well?
sr. member
Activity: 1470
Merit: 325
January 15, 2019, 08:42:42 AM
#8
waves dex never suffers from hack attacks,

stop using centralised exchanges
member
Activity: 532
Merit: 15
January 15, 2019, 08:40:21 AM
#7
another exchange gone down! by the way, what type of breach was that? any detailed information?
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 15, 2019, 08:33:14 AM
#6
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.
Yep, pretty much everything is bound to be hacked at some time, not only exchanges. It's mostly just a matter of "when".

There's this famous quote from Robert Mueller(non verbatim): "There are only 2 types of companies: those that have been hacked, and those that will be hacked."

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.
Pretty much. People will never learn I guess.

*snip*
Not 100% sure. Their Tweet was just approximately 6 hours ago. They haven't gave out ample information about the breach yet. There are rumours about huge number of ERC-20 tokens being lost.

Check this out: https://twitter.com/xGozzy/status/1085112959179866113

*snip*
Very unfortunate, but this is really nothing surprising.  Sad
sr. member
Activity: 860
Merit: 423
hero member
Activity: 1232
Merit: 738
Mixing reinvented for your privacy | chipmixer.com
January 15, 2019, 08:26:35 AM
#4
what kind of security breach? any detailed info on the losses, which coins are affected?
could it be coincidence that they just changed their terms & risk statement policy a few months earlier
anyhow... most likely this would end bad just like other hacked exchanges,
and exchange users will always become the party that suffers the most losses Sad
legendary
Activity: 3542
Merit: 1352
Cashback 15%
January 15, 2019, 08:20:27 AM
#3
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.
legendary
Activity: 3080
Merit: 1500
January 15, 2019, 06:43:15 AM
#2
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?
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 15, 2019, 06:22:04 AM
#1

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):


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