Topic: hackers becoming smarter than exchanges? - page 26. (Read 4760 times)
The exchanges needs to do more to protect the hard earned funds of users. The security system needs to be tighten well to prevent any attacks from hackers. Some users prefer to keep their funds at the exchanges for quicker trading at a particular exchange site. Hacking can't be stopped entirely anytime soon but the rate at which they occur should be on the low.
Apparently we just new the other side of the story and not the whole story. Whoever knows that this might be an inside job? We trust these exchanges that they have a full security in their system and later we know it's already hacked? Like wtf! And they just said they got compromised. So the bottom line here is don't store your coins that you think you can't afford to lose.
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.
Yes, I think every online can be hacked. So , we must be carreful.
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 is not as simple hackers have the advantage of time, they can wait for as long as needed until they find a vulnerability, besides most of the time the vulnerability comes from the people and not the system implemented, most of the time hackers need access to a computer on the internal network and they get that access by hacking a person using emails, once they have access they try to get access to what they are looking for which are the funds of the traders on the platform and since the personal of exchanges need to read thousands of emails per day hackers will always get a chance to hack them. The market is always launching news to push the price of the market up or to bring down the market price effectively. So we need to confirm the information correctly.
I agree with what you are saying. The current market is almost controlled by the hackers. But it is almost a trend so I always follow the trend even though I know it is false.
The market is always launching news to push the price of the market up or to bring down the market price effectively. So we need to confirm the information correctly.
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 own opinion, hackers will not be a problem in the future because as the technology grows then the security will also improve in the future and we are going to have safer transactions and wallets.
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 reason why there are very popular market or exchangers today is because of their excellent security system and you should always pick those popular markets before investing in order to avoid those hackers.
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 agree with you saud cause the hacking will did scare away new investors but Binance and Bancor was not the cryptocurrency exchange that was hacked lately because Coinrail and Bithumb were also hacked. However, if the exchange upgrade their system and don't do their firewalls security they will still get hacked just like Binance which was hacked twice.
I can't understand why such big exchange can be easily hacked, whereas the rotation of funds there happens so fast. is their security so weak? even sometimes I think that this hacking issue is just nonsense and trickery. like a a fake hacking cases
Hackers will steel whatever they have to steel only till the 'Identity' solutions are mainstream on the blockchain.. Once, identity is launched and adopted by masses, hackers will go jobless !
I think the probably is that they are not paying much attention to the users and that money is their first priority. Most of the hacks are coming from those large exchanges. Even small exchanges are more secured than this big exchanges. Also, I think those hacks is an inside job and that to prevent any further news, they are hiding it by saying it's the securities fault. The hackers are getting smarter each day, I wish the exchanges too.
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.
We can say that those people that are hacking some of our exchanges are learning everyday since that is their profession. But we should also try to improve our systems in order to protect ourselves from those hackers.
As long as I know, bad guys always one step ahead. That is what they do and they will be gone before people realize.
"All the hackers in the world are targeting cryptocurrencies." -Eric Larcheveque, CEO Ledger Wallet Company
It's not that hackers are smarter than exchanges, it's just that they are focused too much to find the weak spot of every exchanges security. No such thing as other priority but focus on single goal of hacking a certain exchange. They spend time on it, they dedicated their time on it, they do brainstorming on it etc. Just imagine the group of all-star hackers once they shared their knowledge to each other.....success!
Exchanges security is not a joke. It's difficult to breached and can't bypassed easily. But again once hackers focused on destroying it, chances that they can get through is possible.
It's not that hackers are smarter than exchanges, it's just that they are focused too much to find the weak spot of every exchanges security. No such thing as other priority but focus on single goal of hacking a certain exchange. They spend time on it, they dedicated their time on it, they do brainstorming on it etc. Just imagine the group of all-star hackers once they shared their knowledge to each other.....success!
Exchanges security is not a joke. It's difficult to breached and can't bypassed easily. But again once hackers focused on destroying it, chances that they can get through is possible.
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.
Hacking of exchange becomes prominent issue nowadays. I thought that they have greatest security but still some of the exchange are intercepted by hackers. In my opinion, it may become a conspiracy in the core of the team. Because a hacker cannot enter a secured place without the help a person in the core system. Probably, this case always happen because there are some people that are greed in money.
Hackers should be the exchanges priority, a lot of people already not believe in exchanges, this could make the new exchanges difficult to be accepted and this also could make the investors run away, I personally see some exchanges not serious to tackle this problem, but this is a serious problem, most if the transaction volume is coming from trading, so if the investors and traders stop their activities, this could lead to disaster for crypto
If things like this continue then investors will not be interested anymore to make trades because we will also be afraid to store the assets we have on the market especially if something unexpected happens such as hacking done on bancor lately will lose the assets in it, I just hope the big market should start to rise by adding security to the web they use so we all feel comfortable to trade.
I think exchanges are being lazy rather. Every tech is prone to hacks so it should be a top priority to always be a step further. More competent computer scientists and excellent programmers should be hired, and cyber security should be topmost most priority. Some exchanges only care about liquidity and volume but security should rather be topmost priority.
That's not a good statement. Exchanges are not godlike, able to be aware of every possible exploit there could possibly. No computer company it, whether is Apple, who recently had a USB lock immediately exploited in days, and anything computer related.
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