hackers becoming smarter than exchanges? - page 11.

cryptoalfs76

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▰▰▰ MODULE ▰▰

Quote from: ningo on July 12, 2018, 07:24:31 AM

Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.

Definetly in this situation it can create confusing and traumatic to us,if we should been secure to put our crypto coins into this kind of exchange especially in binance and bancor because the things will come up into our mind that maybe we are not secure and time to time hackers or scammers are always there to get our crypto asset,so its better that we must doing an transaction to the exchanges thats can we secure of our investment and maybe thats the binance and bancor doing from now on to protect there firewall of there exchange trading site's agains the hacking system.

erominer

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I don't know if I am the only one but sometimes I come to think that some of these hacked exchanges are hacked by their own team someting like inside job or maybe even worst pretend that they were hacked but turned out that its their exit procedure because they already earned enough in this crypo worldd, I remember when this happened to us in nicehash and coinsmarkets, we lost a lot of cryptos that time.

setialovers

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Quote from: ningo on July 12, 2018, 07:24:31 AM

Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.

Exchange must be increasing their security because hackers always know new way to stole coin in exchanger and our own wallet. Thats why many experience people always told us to store our coin in our wallet not in exchanger wallet

realcrypto

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Hackers are not smarter than exchangers in any way. There may be two things involved when an exchanger is being hacked. One is that the hacker may come from within the term members or it may be a small neglected loop hole. My advice to exchangers is for them to employ an innovative and creative hackers that always look for loop holes and close them.

jak3

legendary

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Exchanges are vulnerable because hackers and doing the same thing as the exchanges do for us. There must be a way by which they can interact with us and that is the weak point of them. That link is where hackers do their study, all they have to do it act like a user and get into their system, after that they can just exploit the system as they want. But as we know no exchange has Direct Access to their wallet from the exchange so hackers wait for the right moves and then they log everything they can and finally they get their hands on the wallet.

Capt00

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Quote from: _w_b_t_ on October 07, 2018, 03:35:07 PM

Perhaps hackers and become smarter, but I think the reason for the break-ins is that the exchange is negligent to the security of its resource and it is because of this people lose a lot of money.

Lossing money is not the reason of causing hack, those noobs people most likely hacked. They even don't know how to secure their account, is just simply as long as there is strong private key and the google authenticator has activated there's no reason you get hack. Keep away those given links be vigilant on that thing, probably it will lead you from hacking. Also, the suspicious link doesn't engage on that. Hackers will don't have anything to do if you are careful on your account.

_w_b_t_

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Perhaps hackers and become smarter, but I think the reason for the break-ins is that the exchange is negligent to the security of its resource and it is because of this people lose a lot of money.

Friskaadew

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Quote from: ningo on July 12, 2018, 07:24:31 AM

Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.

in my opinion, the security carried out by the exchange is quite tight, but there is still a hack? I think it goes back to each individual because the average hack occurs because of the carelessness of the users in storing or maintaining their personal data and password, sometimes even the users enter into the phishing web and fill in all their personal data that causes others to be very easy to do hack them, so we have to be more careful in entering a web, make sure that the web is truly original, then we can enter our data

ngalamunan

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Quote from: HarmonyA on October 06, 2018, 06:52:30 PM

Sometimes hackers make me feel that there are people been sponsored to erase trust in the system. Knowing fully that hacking is a criminal offence that is punishable

if the hacker is stupid then he will not be able to hack our account that we maintain and give security properly. if we want to make an exchange we must be careful.

sulendra12

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If hackers were stupid, they wouldn't even had a chance to became hackers. Even though exchanges enhancing their security, but still there are bugs that they can do anything with it likes DDoS or stuff like robbing your money.

Janation

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Quote from: HarmonyA on October 06, 2018, 06:52:30 PM

Sometimes hackers make me feel that there are people been sponsored to erase trust in the system. Knowing fully that hacking is a criminal offence that is punishable

It is true, there are a lot of people that is paid or maybe voluntarily making themselves not trusting or doubting the system in order for other people to realize that there are no perfect systems.

But for me, these hackers are great people or maybe you can call them geniuses are the reason why securities are continuously being developed by a lot of developers and companies not because these hackers are hacking them but because with these hackers in their side, they can tell what part of the securities should be developed and be upgraded.

Quidat

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Quote from: HarmonyA on October 06, 2018, 06:52:30 PM

Sometimes hackers make me feel that there are people been sponsored to erase trust in the system. Knowing fully that hacking is a criminal offence that is punishable

I think the same way too.
Hackers are usually a team member or employee of an exchange, or someone who works in a particular exchange collaborates with the IT people to hack the system. Inside job always happen, sometimes its goes unnoticed. But, there are really those talented hackers who could manipulate the system even without any connection from the inside.

lingwistiko

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╔►[FILIPINO Translator]◄╝

Cyber criminals are one of the problems of crypto exchanges today on how they will secure their market because it's not only them who are storing cryptos there but also traders who wants to have dividends fro storing their crypto assets in the market. Security should always be put on top priorities than anything else.

HarmonyA

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Sometimes hackers make me feel that there are people been sponsored to erase trust in the system. Knowing fully that hacking is a criminal offence that is punishable

DiabolicAnt

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I don't think so, actually everything is like a little game, and hackers only seldom win, which is good for us, exchanges have amazing resources to protect themselves.

shushanika

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Quote from: Olalomi on September 10, 2018, 12:34:03 AM

Binance and bancor are two reputable exchanges of Cryptos they should ensure that they employs experienced cyber security experts to prevent hackers from gaining access into their system, this give credence and credibility to them and encourages more traders to use their platform and will go a long in trusting their system.

Did Bancor not get hacked recently? I would strike anything from my list that has proven not doing enough security in the past. I trust mainly Binance and Cobinhood now, and Kucoin to some lesser extend, I think these are the safest right now.

webdevmastery

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Quote from: ningo on July 12, 2018, 07:24:31 AM

Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.

The price of bitcoins today is increasing even more and there are a lot of new people who are interested to join cryptocurrency industry, that is the reason why there are a lot of people who are hacking this exchanges.

Pattart

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Quote from: andrei56 on September 21, 2018, 11:37:58 PM

Quote from: Wittycoin on September 13, 2018, 09:02:36 AM

Some hackers are the exchange itself. They blame and say that outside hackers attack them but the truth is some hacking activity is from the inside of the exchange itself.

This is one big problems of the industry, people do not trust in exchanges because many of the hacks are very suspicious and many have believed that many of those hacks were at best internal jobs and in the worst case were actually done by the owners of the site themselves, and that is why many people recommend to not let your money in an exchange because we do not consider it to be safe.

I think every exchange has a team of developers who are smart and skilled too, of course they will always fix bugs and crack, security of a site will not run in place there will always be security improvements, so don't worry too much about this.
for scam cases, then don't use new exchanges, look for exchanges that have been proven safe..

andrei56

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Quote from: Wittycoin on September 13, 2018, 09:02:36 AM

Some hackers are the exchange itself. They blame and say that outside hackers attack them but the truth is some hacking activity is from the inside of the exchange itself.

This is one big problems of the industry, people do not trust in exchanges because many of the hacks are very suspicious and many have believed that many of those hacks were at best internal jobs and in the worst case were actually done by the owners of the site themselves, and that is why many people recommend to not let your money in an exchange because we do not consider it to be safe.

arthotdog

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Hacker is always been smarter than anyone of us,because they are knowledgeable about those things we don’t know.imagine that they can hack even the most secured sites in the world,even the Pentagon didn’t escape their brightness as these most powerful and safest place on earth has been hacked by a Filipino wayback years so never question their capabilities,and always keep safe because of hackers presence

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