Topic: EXCHANGE HACKS.WILL IT EVER END? - page 2. (Read 568 times)
Currently available all crypto currency exchanges are full with bugs .They do not take care for their security or for their users security .So they are getting hack.Few days back i reported a bugs to btcc.com and they found it (btcc.com Ticket ID #43743 /) .They promissed me to give some bounty but till now i did not recieve any bounty.So why anyone will spend time for report bugs to exchanger.If exchangers provide some good bounty for security researcher they will research it and exchange website can be more hack proof.
Well this is a good indications that the exchange site lack the security capacity to protect their site from being hacked into, and this is the right opportunity for them to step up in security in other to protect their members coins from being stolen. Or hacked.
What with the currency anybody knows? What now? global warming? the conspiracy of Freemasons? an attack of aliens? what?
I don't think exchange hacks will cease in forseeable future. Of course, exchanges will continue improving their security systems making it more difficult to penetrate, but hackers can learn as well. It's quite likely such hacks will create a new market for blockchain-based insurance companies which exchanges will cooperate with in order to minimize their risks.
hard to end it , some exchange just to proud about their security and think they wouldnt get hack , and rarely too update. i think the best way is every exchange do maintenance on their site not only to get profit
This is a sign and reminder for Bitcoin holders. do not trust 100% against any Exchange.
do not keep BTC in exchange except in no time. use it just to redeem it or use the shoot and run method.
do not keep BTC in exchange except in no time. use it just to redeem it or use the shoot and run method.
its not the hackers fault that the security of the exchanges are easy to penetrate,
sometimes it makes a company strive for a secured network, to be able to protect themselves from hacking
i think exchanges needs to harden their firewall and security to protect the investors money
its always their fault, because its their responsibility to keep it safe, from hackers
sometimes it makes a company strive for a secured network, to be able to protect themselves from hacking
i think exchanges needs to harden their firewall and security to protect the investors money
its always their fault, because its their responsibility to keep it safe, from hackers
In the last couple of weeks,we have seen a lot big exchanges being hacked, funds stolen and everyone thrown into panic.The last one being Bithumb (https://cointelegraph.com/news/bithumb-details-still-sketchy-after-30-mln-hack). Is there really a permanent solution to this nightmare by hackers?
Hack attacks will never end as long as there are lovers of free money.The only way I see to guard your funds is not to keep a lot of coins on these exchanges, even if you are doing daily trading.
I believe that asset theft on the stock exchanges will never end. Hackers will not give up attacks as long as there is Internet, that is, this will always happen, as it is a way to get easy money.
it will not stop. hackers are smart and they will find a way to hack the site. many of this hackers are educated people. there is always a loophole that they can exploit.
In the last couple of weeks,we have seen a lot big exchanges being hacked, funds stolen and everyone thrown into panic.The last one being Bithumb (https://cointelegraph.com/news/bithumb-details-still-sketchy-after-30-mln-hack). Is there really a permanent solution to this nightmare by hackers?
i think hacker will never stop hacking. because hacking exchanger is the good way source of income. the only way to avoid hacker is always update the security of thier system make it improve.
Since technology keeps evolving I don't think hacking will ever stop and it's also the reason why there are security upgrades from time to time in big cooperations and institutions around the world. A lot of people are motivated to test security in recent times than help improve security so the exchanges ought to be aware and improve their security from time to time.
I don't think there is any solution.
Because exchanges can only use big data and cold wallets to avoid these hackers' attacks as much as possible.
Because exchanges can only use big data and cold wallets to avoid these hackers' attacks as much as possible.
Permanent solution is for everyone to safeguard their assets. Dont trust any exchange by keeping your coins on their website. No exchange is above hacking. The reality only comes when it happens. Everyone should be warned and not panic about petty things. Give value to what is valuable.
In the last couple of weeks,we have seen a lot big exchanges being hacked, funds stolen and everyone thrown into panic.The last one being Bithumb (https://cointelegraph.com/news/bithumb-details-still-sketchy-after-30-mln-hack). Is there really a permanent solution to this nightmare by hackers?
Solution on what in securing your funds or solution in hacking? The one that can saves you is to keep your money safe in a hardware wallet. Lucky for those stolen that bithumb will cover the amount that has been lost but not everytime it will be covered the lost. Exchange hacks will not end the big money is there and it is the prime target of this hackers especially the low security exchanges. Put how mow much you can afford to lose and always bear in mind to wothdraw your coins or token if you will going to hold it.
In the last couple of weeks,we have seen a lot big exchanges being hacked, funds stolen and everyone thrown into panic.The last one being Bithumb (https://cointelegraph.com/news/bithumb-details-still-sketchy-after-30-mln-hack). Is there really a permanent solution to this nightmare by hackers?
i think hacker will never stop hacking. because hacking exchanger is the good way source of income. the only way to avoid hacker is always update the security of thier system make it improve.
This is way similar to banks who were getting robbed. It won't end my friend... money is the main thang! If robbers are passionate enough with their art, the more these hackers are.
So if you are scared, use hardware ledgers.
So if you are scared, use hardware ledgers.
my expectation must end soon because the impact will be very influential globally
as is the case now, the fall of bitcoin
each exchange must perform its own testing of the system security and must continue, in order to cope with increasingly massive cyber attacks
as is the case now, the fall of bitcoin
each exchange must perform its own testing of the system security and must continue, in order to cope with increasingly massive cyber attacks
No chance hackers stop doing hacking that's their way of living, exchangers better do is to hire also some hackers to protect their business.
the solution is to periodically update the security system and hold a contest for hackers, which can give the weakness of the system will get a reward ..
We have seen that the exchanges are now working on security aspects and thus incidents will reduce. Still some hacks occur and I think that exchanges might be involved in these.
I think it's impossible to stop a group of good hackers from hacking the exchanges if they want it.Did you see that even the biggest exchange in the world like btc-e got hacked in the past and that costs like hundreds thousands of BTC was hacked .
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