Topic: EXCHANGE HACKS.WILL IT EVER END? - page 3. (Read 568 times)
I think this is really hard to control the btc hacking. Need more secure wallet for btc .
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?
As of the moment there's none. As we move forward to the digital era, these hacking incidents will grow exponentially. There are lots people who takes advantage of the vulnerabilities online. Most common factor that leads to these hack incidents are human blunders. Hackers will always find a loophole for them to make money easily. Hope that these people will be put behind bars.
Do you believe them these hacker stories?
I don´t know, I have many doubts about that, there are no regulations, no one controls them.
How to know if what they say is true or they did it themselves?
I don´t know, I have many doubts about that, there are no regulations, no one controls them.
How to know if what they say is true or they did it themselves?
No man, hackers will always find a way to bypass someone's security. As long as there's a way to create something, there's also a way to destroy it. No matter how good the security, if hackers are professional, they will find a way even if they take a lot of time to do it. There were some cases that there were some inside job where a hacker is part of a team or a staff that handles things in an exchange which give him time and materials to hack an exchange easily. In conclusion, hacking won't stop no matter what.
In the last couple of weeks,we have seen a lot big exchanges being hacked,
there wast only one exchange hack which was somewhat big but also it was mainly XRP that was stolen not bitcoin. where do you get the rest of them that you call it "a lot"?!!
and no it will never end. just like anything else on the internet, exchanges will be under attack specially since they are handling money and successfully hacking them means a lot of money. it is a never ending war. like viruses, there is a new virus every day and there is a new update to antiviruses to protect against that.
Nope. No system is fool-proof. Even banks, who have their online systems set up far longer, and with much higher budgets and stakes than exchanges have are vulnerable to hacking. One could even say that the internet itself is inherently insecure, because at that point you're exposing your system to be accessible by anyone. All they can really do is patch as many holes as they can and keep up with the trends. For exchanges specifically, this means strengthening their inner protocols as much as their external cybersecurity, as most exchange hacks are speculated of being inside jobs.
But yeah, like the others have said, this doesn't mean you should stop using them completely. They're vital to the ecosystem after all. You should just do all you can to minimize the risks that come with getting involved with them.
But yeah, like the others have said, this doesn't mean you should stop using them completely. They're vital to the ecosystem after all. You should just do all you can to minimize the risks that come with getting involved with them.
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.
It can be lessen but it will never end, hackers will always find a way just like us to our problems we will always find a way. We just need to be careful in giving private information about our wallet and life, and also be able to know what site to trust.
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?
So that's why the price of all the crypto coins is going down again especially bitcoin price. How can they hack such a big exchange with tough security? Is this an inside job again like in nicehash?
this is also the same that mtgox announced since 2014, I always say 2018 is almost similar to the 2014 scenario then, so what is interesting this year the price will only tend to decline until the next year, if you want to look to the moon see after halving happen, need a long time to recover is what is called a 4-year phase
It is recommended again and again by the experienced investors not to hold funds on exchanges unless you want to trade immediately. As far as exchanges are insecure, hackers well keep trying to steal funds. However, we can always hold our funds offline through the user point of view if we care about the security of our funds. It is not a cool idea to expect from hackers not to hack exchanges or from exchanges to keep our funds secure. Bitcoin and other cryptocurrencies give us the freedom of holding our funds with ourselves and that's what decentralisation is all about so we should understand the potential of this technology and use it to the fullest.
Theres is no more other way to prevent those hackers but its avoidable like upgrading the security system of the exchangr so that hackers are not easily to access its information to hack them.Thats the only way i think on how to avoid them.
Ofcourse as I attend seminar last year they said that all the website can be hack as long as they are in the internet there are a possiblity and they are assure that it can be hack. They just need a time learn the security as they said and it will launch a virus. Thats why we have a developer to update and update the system and the security of it.
I dont think there will likely be solution to exchange hacks, because most of the hackers are part of the system so even if developers proffer ways to stop it, the system will still be hacked. the hackers are part of the system already so they know the nitty gritty.
The exchanges hacking has become more and more often and make market condition become bad, this is definitely not a great things for crypto reputation, but nothing we can do to stop the hackers, the exchange supposed to be increased their security, and for the users we only can make sure we dont store too much coin in the exchanges
it seems that, to overcome this hacker it can not, we can know just call it pentagon class can still be hacked with a very sophisticated security though, I think it depends on each investor how they manage to fund, if I personally to overcome this, I do not keep a lot of funds in exchange, I save more money in wallet etherwallet (ETH) or blockchain. I think it's safer.
boring news, where everyone is panicking in trading
I hate this kind of news, and hope, if anyone cheats about the exchange being hacked, then I will never use the exchange again, I hate the developers and teams of the exchange
I hate this kind of news, and hope, if anyone cheats about the exchange being hacked, then I will never use the exchange again, I hate the developers and teams of the exchange
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?
as of now we could not assured that these hacking happen now in different exchanges trading,is been stop or less,because hackers are still there waiting for the time to get and find the victim or exchanges that lack of defense of there system wall,thats why its not better to put all your portfolio into the trading exchanges sites because we have no assurance that if there something bad happen we could get back those our invested crypto coins. 
Hackers are very detrimental and very annoying to traders and this greatly affects bitcoin prices and bitcoin price reductions and we must always be vigilant.
I recently lost 5 eth on HITBTC. I got an email someone from switzerland logged into my account. They withdrew all funds and i lost it all. I think its safer not to use APIs as I think thats what the issue was. I used a random trading bot and that probably got me.
My fault so no harm done, I am now more secure with my online trading and withdraw the second I sell.
My fault so no harm done, I am now more secure with my online trading and withdraw the second I sell.
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