Some experts believe that the current security vulnerabilities are the result of over-development of virtual money, security technologies have not kept pace.
The virtual currency industry will have to adapt and become safer when the number of investors increases. Dealers will understand the importance of network security. This not only affects their long-term operability but also becomes a competitive advantage.
Topic: hackers becoming smarter than exchanges? - page 24. (Read 4726 times)
Hackers and scammer now a days are smarter and wiser they use everything to get what they want without us being aware of it. and so we must be wiser too and do everything we could to secure our wallet even when post on the exchange when we want to trade or sell something. because they were just following nor getting eye on every move we have.
As I see hackers are now no longer as in previous years, they are no longer noticeable. New trading platforms are the hazards to the user, they control the cash flow, and makes the trader risk of bankruptcy.
Most of these "hacks" are inside jobs. They come up with excuses so they can easily run away with users' money. I've seen it time after time and it looks like this will never stop as long as there are greedy people in this world.
Maybe yes, and maybe not. Hackers are everywhere. Smarter, well yes also because they are so smart enough to know all accounts and steal. But exchanges must come to be smartest if and only if sites are well protected.
Most of these "hacks" are inside jobs. They come up with excuses so they can easily run away with users' money. I've seen it time after time and it looks like this will never stop as long as there are greedy people in this world.
This scenario was also in my mind, I think it was an inside job because it is impossible that someone knows or great scammers knows the system used by these exchanges. I personally not having an idea why scammers got access to their system or unless it is an inside job.But on another side, yes, scammers now get smarter and they waiting for an opportunity to get access to any accounts that having a potential to steal fund.
Battle against exploit and hacks are not yet done. Everyday the mafias and internet thieves are finding way how to exploit others. Some of them are also running an ICO. What we could do now is to become smart.
It will be a ongoing battle because hackers are that smart and it like they are one step ahead of us. They know where to look at and how to exploits the system. They might not attack, but they will keep a close eye until such time that the situation is really ripe for them and then BOOM, no don't know what happened and everyone was crying foul because they lost a lot of money. So exchanges should also be attentive and like monitor the health of their system 24x7, because we don't know when those thieves are going to attack. 
The scammers are scaring new investors away and this must stop.
One reason why the market is on a downtrend at the moment. The security of exchanges is miserably low that they cannot protect it from hackers and intruders. The technology they are using for security is not secured and strong enough to resist hacking. Black hat hackers are really smart which is why the white hat hackers must know how the black ones think. It is their job to protect the exchange because hacking will make the exchange less credible and will affect the whole crypto market. Just like what you said, investors are getting scared now.
Battle against exploit and hacks are not yet done. Everyday the mafias and internet thieves are finding way how to exploit others. Some of them are also running an ICO. What we could do now is to become smart.
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.T expert or Programmer and computer engineer are responsible why we are now in High END level in terms of Technology using gadget and Computers so the name of hacker is use for a Bad intention because first of all they don't do that if they are not expert using computer through their knowledge to hacked by the system in any different agencies right? so, we have to do their if they attack of our different property and also in exchanges so we have to be careful.
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 believe Binance was not hacked it was due to third party bots being compromised. There's always a possibility that hackers can penetrate any systems no matter what platform it is, for that instances they continue to improved and upgrade their systems. There is no perfect program and security is always a nightmare for every developers.
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 am believe big exchange like binance and bancor always increasing their security. Hackers always find a way to stole our money because its what they do for living. What we can do is protecting our accounty by activate 2FA on our account. Activating 2FA increasing security on our account on exchange
I am and will still trade in Binance. Known as the number one trading platform, Binance is the latest victim of network attacks. Unlike insider trading in Mt. Gox and personal code stolen at Coincheck, Binance was somewhat confused by a more sophisticated and sophisticated behavior. However, miraculously, the security of the trading platform has detected suspicious activity and hackers can not take a single dollar.
Since Bitcoin is a digital asset, it will always be quite vulnerable to the hackers. The exchanges are adding new security features, but at the same time the hackers are getting more innovative. The only solution is to keep your coins in your own personal wallets.
it can be that most of these hacks are inside job. A lot of exchange sites are hacked this year which caused the market to drop. That is why most people are avoiding using major exchanges since some are scared that it might be targeted next.
Still, it is not about hackers becoming smarter. It is about bitcoin price going really high compared to once what it used to be and in return it attracted more hackers, smart ones as well. So, we now have a lot of really smart hackers checking out what this bitcoin thing is and see that if they hack proper places they can really profit from it. Back in the day it wasn't this way because bitcoin didn't worth much for them, however now their hacks are really paying off.In the past hackers could have entered with ease, and now scenario is different.
We cannot stay calm even we are having highly secured systems are in act. Because, when a weakness being discovered, hackers will get ready to exploit that to the maximum and we cannot be sure that they cannot discover something all the times. 
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.
Cyber attacks do take place, but they aren't that frequent. Just think how many people there are who work for Binance and how many are there hackers out there willing to steal some good money. Also some money losses are users' fault because they don't do some precautionary actions - like don't use the private key to access the wallet, or create mnemonic phrases, even though it is highly recommended. Not to mention that some people are too lazy to even double check the address line to see if it's safe (like it has happened with MEW recently).
I think hackers are smart people who wasted their cleverness, cheated and harmed others for the satisfaction of themselves without thinking of the impact that will be generated. every security there must be a gap that can be utilized by them, we can only hope that we do not become their victims.
In my opinion, each new protection only requires no standard hacking. Any protection can be bypassed, only skills are needed!
yes they are. exchanges are only built by people therfor people can also be the way to destroy it but that can take much time because almost all exchanges are built with high standard security as they are carry a lot of money around the world.
there is only a small chance that hackers can bypass the security of an online exchange . so i guess it is still safe to put your cash thru it and do trades all the time.
Everything happens because hackers develop 24 hours a day, 7 days a week and I think at the moment the protection is bad and therefore break.
Hackers have existed long before exchanges and cryptocurrency became mainstream and popular. So there would always be hackers. Cryptocurrency exchanges are fully aware of this and continuously make it possible for their exchanges to be secure and impenetrable. Some nonchalant exchanges that do not take security seriously would be harmed by them, but majority of the exchanges out there are very secure.
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