hackers becoming smarter than exchanges? - page 29.

renggileh

newbie

Activity: 280

Merit: 0

Quote from: Indamuck on July 12, 2018, 08:15:14 AM

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.

now hacking becomes our main enemy, in addition to losses.
I had a hack in my wallet, I lost all my assets and that was my worst experience with bicoin. it is very annoying.
I hope it will never happen again.

AndroMerlin

newbie

Activity: 56

Merit: 0

I think it is not really being hacked! in my opinion hacking report is just their modus to collect all our money in their exchanges so we cannot put the blaim on them for our lost!

Reid

hero member

Activity: 2912

Merit: 642

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 do have some thoughts about this.
Why the sudden series of hacking? Coinrail, bancor and binance.
I am sometimes pessimistic and when coinrail was hacked I thought it could be an inside job. Then bancor and binance happened which made me have some thoughts again.

It could not be because of cheap security measure since binance can pay for that.

Think about it. Billions ot dollars in crypto market. Who would not attack that if you know how to.
I am looking at a larger scale of hackers now. They are getting populated and computer courses are easy to finish now.

I guess exchanges should just keep on getting better than them. Hire the best when it comes to security.

Nunoluck

full member

Activity: 452

Merit: 101

This is the war of knowledge, those skilled people behind an exchanges are defends their exchanges and those hackers are try to attack. The smarter people will be win. I think most of the defenders are smarter than the attackers.

DianaZher3

newbie

Activity: 116

Merit: 0

And do not you think that the currency exchange and Bancor have stolen their own money and taken them away? I personally believe that these hackers will never find a magical way.

loveinberlin

member

Activity: 336

Merit: 10

I think that hackers are really smart and they become smarter daily, i m not a hacker butk knew one guy who could do really such things that I thought impossible to do, i think it is bad to hack but such mind impresses me

davis196

hero member

Activity: 3094

Merit: 929

Hackers aren`t "smarter".They are just more focused and persistent at searching and finding loops and leaks in the security of the crypto trading platforms.Most of the crypto exchange platforms just don`t want to invest more money into their security,that`s why they get hacked all the time.
The theory about all those "hacked" exit scams isn`t always true.Nowadays it`s easier to find the real identity of most crypto exchange owners.

Indamuck

hero member

Activity: 1120

Merit: 554

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.

chocolaty

member

Activity: 294

Merit: 14

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

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.

ningo

newbie

Activity: 126

Merit: 0

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.

Topic: hackers becoming smarter than exchanges? - page 29. (Read 4726 times)