Hacker stole $31M of Ether. Can this happen again?

BCEmporium

legendary

Activity: 1218

Merit: 1000

Quote from: sthgaurav on November 02, 2017, 05:52:24 PM

Quote from: BCEmporium on November 02, 2017, 05:38:08 PM

Quote from: Celebrity on November 01, 2017, 02:43:33 PM

Quote from: tam31 on November 01, 2017, 02:41:42 PM

Everything is possible nothing can be fully secured. I will not be surprised if bitcoin is also hacked in the future. We need to stop these so called hackers to steal our coins.

Maybe we can take action together ? Or we could trace their accounts and ban them.

People are still getting caught by pishing scam attempts. They don't act carefully and they lose their wallets. That's why having a secured wallet and computer is important to be in safe side.

We can't take action, they're anonymous.

The same has been happening with traditional banking, emails, Paypal, etc. for a long time too. It's really nothing new. I'm sure this kind of problem existed hundreds and even thousands of years ago as well.

You mean bank joins haha

I'm sorry, but what? I don't understand what you mean.

sthgaurav

newbie

Activity: 36

Merit: 0

Quote from: BCEmporium on November 02, 2017, 05:38:08 PM

Quote from: Celebrity on November 01, 2017, 02:43:33 PM

Quote from: tam31 on November 01, 2017, 02:41:42 PM

Everything is possible nothing can be fully secured. I will not be surprised if bitcoin is also hacked in the future. We need to stop these so called hackers to steal our coins.

Maybe we can take action together ? Or we could trace their accounts and ban them.

People are still getting caught by pishing scam attempts. They don't act carefully and they lose their wallets. That's why having a secured wallet and computer is important to be in safe side.

We can't take action, they're anonymous.

The same has been happening with traditional banking, emails, Paypal, etc. for a long time too. It's really nothing new. I'm sure this kind of problem existed hundreds and even thousands of years ago as well.

You mean bank joins haha

sthgaurav

newbie

Activity: 36

Merit: 0

Quote from: cryptomato on October 15, 2017, 12:22:26 PM

Unfortunately it can still happen. I'm following ETH hackhathons(where alt coin project team put some eth into one address and hackers try to get the money. aim is to prove how secure is the system) closely. and I can say that most of the time hackers are succeeding to get eth from the specified addresses. so it really concerns me.

That's really interesting stuff.. So its not safe.. 😣

BCEmporium

legendary

Activity: 1218

Merit: 1000

Quote from: Celebrity on November 01, 2017, 02:43:33 PM

Quote from: tam31 on November 01, 2017, 02:41:42 PM

Everything is possible nothing can be fully secured. I will not be surprised if bitcoin is also hacked in the future. We need to stop these so called hackers to steal our coins.

Maybe we can take action together ? Or we could trace their accounts and ban them.

People are still getting caught by pishing scam attempts. They don't act carefully and they lose their wallets. That's why having a secured wallet and computer is important to be in safe side.

We can't take action, they're anonymous.

The same has been happening with traditional banking, emails, Paypal, etc. for a long time too. It's really nothing new. I'm sure this kind of problem existed hundreds and even thousands of years ago as well.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: Aum Ram on October 15, 2017, 01:30:29 AM

20 july a hacker pulled off the second biggest heist in the history of digital currencies.

https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce

Making anything available to anyone is quite a dangerous thing. Can this happen again? Who thinks about it?

A hack like that has a very less chance of happening yet again but you never know programmers are so smart that they somehow find a loophole in the code or software and they use it as a leverage, so no one can promise you that such a thing will happen again or not. And one might wonder why they do so, one is a easy guess, for money, other one is that they just want recognition or they want to hack it just for the sake of it.

Celebrity

sr. member

Activity: 420

Merit: 250

Quote from: tam31 on November 01, 2017, 02:41:42 PM

Everything is possible nothing can be fully secured. I will not be surprised if bitcoin is also hacked in the future. We need to stop these so called hackers to steal our coins.

Maybe we can take action together ? Or we could trace their accounts and ban them.

People are still getting caught by pishing scam attempts. They don't act carefully and they lose their wallets. That's why having a secured wallet and computer is important to be in safe side.

We can't take action, they're anonymous.

joshmontford

member

Activity: 98

Merit: 10

It could definitely happen again - especially if you don't use the proper internet protection. If you know to not install random stuff from the internet, you are fine. And especially if you use some kind of a cold wallet, you are fine.

tam31

full member

Activity: 143

Merit: 107

Everything is possible nothing can be fully secured. I will not be surprised if bitcoin is also hacked in the future. We need to stop these so called hackers to steal our coins.

Maybe we can take action together ? Or we could trace their accounts and ban them.

BCEmporium

legendary

Activity: 1218

Merit: 1000

Quote from: Aum Ram on October 15, 2017, 01:30:29 AM

20 july a hacker pulled off the second biggest heist in the history of digital currencies.

https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce

Making anything available to anyone is quite a dangerous thing. Can this happen again? Who thinks about it?

This will happen for as long as people don't start paying very close attention to the links they are clicking on etc.

People never seem to learn from all the past cases of phishing attacks... so hackers will keep doing it since it's highly profitable and quite easy.

rumexx

full member

Activity: 476

Merit: 100

No I do not think it will happen again because Ethereum was able to discover the lapse that was created by their developers during Ether script development. According to them they use the same method used by the hacker and hacked out the remaining Ether and then fixed the bug.

Elsonbol

sr. member

Activity: 420

Merit: 250

of course, now there are a lot of hackers who want to earn, every day it is more of them, and they look for holes as to crack something and to take away, and they don't become less but only it is more. not who won't give a guarantee to you in network on your finance.

daglordjames

member

Activity: 550

Merit: 10

I think it wouldnt get hacked if they secured more to ether so that it wont happen again and if they keep up i think.

aleksej996

sr. member

Activity: 490

Merit: 389

Do not trust the government

Quote from: silent17 on October 16, 2017, 09:10:26 AM

I think it will, but I really hope it will not happen again. I hope that crypto dev can create a tracker to track down those theaves and put them in bars so they can't do bad things anymore.

Wow. You are calling for lack of privacy here. This is some centralization right there. If you know who is making which transactions then the government is in charge, not really decentralized fair system we had in mind. Also, these 'thieves' didn't hurt no one nor broke any law. They did what the smart contract allowed them to do, they just found a loophole. But as far as the blockchain and the smart contract is concerned, this was perfectly valid and legal.

We really shouldn't let governments get involved in this technologies, this was created to escape their grasp and control. You can't have complete control of your money and have someone protecting you when you are irresponsible. With power comes responsibility.

silent17

full member

Activity: 420

Merit: 119

I think it will, but I really hope it will not happen again. I hope that crypto dev can create a tracker to track down those theaves and put them in bars so they can't do bad things anymore.

Rahip

full member

Activity: 336

Merit: 111

This can happen again, there is weak security and stability in the whole system.

Aamir1

hero member

Activity: 756

Merit: 500

It has been proved with the time that ETH network is not totally safe, or maybe not safe at all, because hackers have been successful in exploiting the network more than once now. So people having or using ETH are really concerned with the situations occurring lately and it must be a very difficult time for the developers, but they should do something for this, as if this keeps happening, the coin won't have a safe future and people will stop using it forever if they feel their money is not safe in it.

hefjor

jr. member

Activity: 199

Merit: 2

Quote from: Aum Ram on October 15, 2017, 01:30:29 AM

20 july a hacker pulled off the second biggest heist in the history of digital currencies.

https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce

Making anything available to anyone is quite a dangerous thing. Can this happen again? Who thinks about it?

For it me it could be possible to happen again because in the next era many hacker or attackers could build their own software to bypass the security of the said wallet because they will pay much more attention on this because in the next generation crypto currency will be the most important thing sooner

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: PrinceBTC on October 15, 2017, 09:29:28 AM

Quote

To prevent the hacker from robbing any more banks, the white-hats wrote software to rob all of the remaining banks in the world. Once the money was safely stolen, they began the process of returning the funds to their respective account holders. The people who had their money saved by this heroic feat are now in the process of retrieving their funds.

kudos to the good guys -- "white-hat hackers"!! Kiss

Yup, the white hackers seeing the vulnerabilities as well, moved all the funds to a safe location. However, the black hackers was already stolen a huge chuck of the money already.

Quote from: wissy on October 16, 2017, 07:28:46 AM

Its quite possible that it will happen again. On the internet everyone is vulnerable and can be a victim of a hacker. Since now scams and hacks are becoming more and more sophisticated, there is a high chance that we will read about this kind of stories all the time.

As much as we are evolving this technology, hackers as well are doing everything to find exploits and vulnerabilities so I think it could happen once again. Its really sad though to see hackers stealing money out of the unsuspecting victim. That's why its very important to patch things up before some hackers find the weakness and steal our money.

wissy

full member

Activity: 658

Merit: 102

Its quite possible that it will happen again. On the internet everyone is vulnerable and can be a victim of a hacker. Since now scams and hacks are becoming more and more sophisticated, there is a high chance that we will read about this kind of stories all the time.

onesalt

hero member

Activity: 756

Merit: 500

Using offline wallets, even more trustable ones, will reduce the risk. Yeah, it can happen again anyway.

Topic: Hacker stole $31M of Ether. Can this happen again? (Read 1425 times)