hackers becoming smarter than exchanges? - page 19.

Pattart

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Quote from: chocolah29 on August 18, 2018, 03:34:34 AM

Quote from: AmberFlotilla on August 18, 2018, 02:00:20 AM

I think hackers are really smart and they become smarter every day, they have hit to trust and greed of the user. This phenomenon can be said to be the struggle of the intellect, the more intelligent people will win the war. And I think this war will not end.

Obviously they're thinking ahead before we can think about it so in return we should be thinking like them too. Digital world is vulnerable to everything and in just one mistake it can ruin everything. So better yet be mindful in everything and don't ever leave coins in exchanges or just leave what you're afford to lose. And even if it's an inside job or not we should be ready to anything that might happen because greediness is just around the corner.

Agree but the exchange is not just walking in a place of course prorammer and their team will always do an update to counteract the
hackers who will come, but still you have to be careful don't be careless. Digital world is very vulnrable to hack, so be careful..

KS03

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Hi I'm KS03

These hacks mostly come from insiders. No one is hacking the actual algorithms. It's much like the people here claiming to get hacked when they click on a bad email link. It's not a real/legit hack.

Sled

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Quote from: Hamstead on August 18, 2018, 07:36:22 PM

They are particularly of doing their best and create ways to crackdown private keys and password. Our best thing to do is not to stay alone in just a single addy especially for online base wallets so they can't trace it easily. And if they might catch it, there Is still left on us.

To avoid from hackers from hacking our account in exchanges and stealing our cryptocurrencies, it is best for us to don't put a lot of money or all of the cryptocurrencies that we have, it is better to just put the capital and not the other balances in order to stay safe and to avoid losing all of the things that we have.

Hamstead

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They are particularly of doing their best and create ways to crackdown private keys and password. Our best thing to do is not to stay alone in just a single addy especially for online base wallets so they can't trace it easily. And if they might catch it, there Is still left on us.

Ranly123

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★777Coin.com★ Fun BTC Casino!

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.

I don think those exchanges you mentioned did not do any measures to secure their site is safe. Of course they are but in making such securities, it would take time to realize it or else the hackers will have them again and again.

Wallflower28

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I think no, why? Because of the hackers are the core members of the team. There are many sabotage happens in an exchange and it is the reason why exchanges are intercepted easily. Hackers cannot touch the security of exchange because they have the strongest and experienced team.

Diego_Davis

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Quote from: Reid on July 12, 2018, 08:30:51 AM

Think about it. Billions ot dollars in crypto market. Who would not attack that if you know how to.

I think this is key. Perhaps some of the exchanges have underestimated potential security risks. Whatever they do though, there will always be some vulnerabilities. It's just natural that hackers will constantly be attacking these systems. It's an endless battle between hackers and security experts from the exchanges. Each side is constantly trying to make sure their one step ahead in the game. There's a lot of potential money at stake.

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

The fear of hackers is a major factor,militating against the growth of cryptocurrency platform as lots of investors in the community are scared of loosing there investment to robbers that cannot be trace, more reason why am an advocate for government regulations in the crpto space, which migth help to trace individual invlve in any form of transaction.

Agapelove

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Because of these security issues these exchanges been experiencing, some people are having doubts on whether cryptocurrencies will eventually emerge as world currency. Those hackers are really up to date. Exchanges should really work double time to resolve these issues at hand.

vcrypte

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Because it is very poor protection, you need to hire more experienced programmers who will clean up all the weaknesses in the system.

nidacoinlove

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Quote from: dlhezter on August 17, 2018, 07:59:02 PM

Most of us are aware of the system in crypto currency, It is normal for us to encounter some hackers in some exchange, Its a matter of the security protocol of every exchange they mus have some multi layer security to ensure the funds of the users of the said exchange, Must maintain the security to avoid hackers in the program, Hackers do also develop some hacking method to compromise some exchange.

We are standing in a global village in a place of technology, information technology is has always had this challenge of hackers. The reason is that we see smart people operating the services and smart people using these services. There is no chance for anyone to do a little mistake or show any weakness. The hackers are always smart, they believe in spoiling others efforts and making it their success to breach a security system. It’s a fight between the smart and the dump whoever is smarter will achieve his goals. So, be careful. Wink

chocolah29

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Quote from: AmberFlotilla on August 18, 2018, 02:00:20 AM

I think hackers are really smart and they become smarter every day, they have hit to trust and greed of the user. This phenomenon can be said to be the struggle of the intellect, the more intelligent people will win the war. And I think this war will not end.

Obviously they're thinking ahead before we can think about it so in return we should be thinking like them too. Digital world is vulnerable to everything and in just one mistake it can ruin everything. So better yet be mindful in everything and don't ever leave coins in exchanges or just leave what you're afford to lose. And even if it's an inside job or not we should be ready to anything that might happen because greediness is just around the corner.

PlusOne88

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“Tackling Climate Change Using Blockchain”

Well in my opinion this often happens as hackers are trying their best to hack into accounts to gain more profit. And no matter how advanced systems are their are still flaws that could be encountered and exploited. Even the pentagon was hacked so I am assuming that things like this could just happen. But I don't think they are not so secured.

airdrophunter

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I would not be surprise anymore reading news and headlines about a cryptomarket being infiltrated and looted by cyber criminals because the fact that trading of cryptos took place there, and is also a place where some crypto traders and investors keep their crypto assets means MONEY for these ruthless cyber criminals. What you expect to happen then if your hands are full of money?

AmberFlotilla

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I think hackers are really smart and they become smarter every day, they have hit to trust and greed of the user. This phenomenon can be said to be the struggle of the intellect, the more intelligent people will win the war. And I think this war will not end.

dlhezter

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Most of us are aware of the system in crypto currency, It is normal for us to encounter some hackers in some exchange, Its a matter of the security protocol of every exchange they mus have some multi layer security to ensure the funds of the users of the said exchange, Must maintain the security to avoid hackers in the program, Hackers do also develop some hacking method to compromise some exchange.

Coin-1

legendary

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To be honest, I thought that some large crypto exchange market was hacked a few days ago when the altcoins including Ethereum were dropped down to -20%. The hackers are becoming very smart indeed. They can do much things. I'm sure that the trading platforms should invest in their security a lot of money from the budget, because every successful hacking smears their reputation. People won't use an unreliable exchange markets and will go away to a competitors. But, unfortunately, hacking one large exchange markets can significantly affect on the global crypto currency market.

Cryptoworld4

newbie

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The hackers are just like spoilers when it comes to cryptocurrency. They are the ones chasing so many people away from investing in cryptocurrency. Some should be done about them.

Gabali126

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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.

Since the hackers won't stop until they steal the last crypto coin, then everyone need to gear up and be smart about protecting their wallets.

alp

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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.

It seems to me that almost all exchanges use the same site script. in which the same vulnerabilities. Many programmers do not speak about it and these problems are revealed when hackers or employees under the guise of hackers break into exchanges.

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