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Topic: Hackers on the rampage again, 59M $ Stolen - page 7. (Read 918 times)

sr. member
Activity: 532
Merit: 250
September 23, 2018, 11:13:37 AM
#10
Bitcoin anonymity is for hackers, scammers and criminals, terrorists also. They will run away after the crime.
therefore now we all must always be vigilant and keep our assets that are very good and safe so that it is difficult to hackers steal our bitcoin all
full member
Activity: 546
Merit: 100
September 23, 2018, 11:12:56 AM
#9
Japanese Exchange Zaif was reported to have suffered some security breach that resulted in about 59.7 M$ being stolen from the exchange. the hackers carted away with Bitcoin (5966), bitcoin cash and some Monacoin. It is not clear yet when or if customers will be fully reimbursed for the losses.
Zaif is operated by Tech Bureau Inc.under a regulated environment by Financial Service Agency- Japans foremost regulatory agency.
It is not likely that the market will react much to the hack ( or maybe it has already as we saw bitcoin slide to 6100 range and back up to 6400$ within an hour or this was caused by the CBOE future closure).
This brings to bear once again the need to never leave some substantial amount of exchanges.

https://cointelegraph.com/news/japanese-cryptocurrency-exchange-hacked-59-million-in-losses-reported
https://jp.reuters.com/article/zaif-tech-bureau-inspection-idJPKCN1M001Y



This is one of the reason not many people trust investing their money on crypto.
So, people who just brave to risk their money who involved in crypto.
If the system security will not improce, crypto will hard to develop i think
full member
Activity: 519
Merit: 122
September 23, 2018, 11:11:26 AM
#8
Hackers still find ways to steal funds.That's very surprising.When we see a completely invulnerable exchange. Don't want to lose their money
sr. member
Activity: 798
Merit: 250
September 22, 2018, 10:22:56 AM
#7
This is a bad news for Crypto, Exchange needs to take security measures for its members!
In the past there have been quite a lot of similar cases, hopefully things will improve!
jr. member
Activity: 1008
Merit: 1
September 22, 2018, 10:14:14 AM
#6
It is very a pity that this happens. Almost every month hackers hack into some exchange. But I do not think that these hacks can somehow influence the market. I do not see any connection.
sr. member
Activity: 798
Merit: 258
September 22, 2018, 02:48:45 AM
#5
This is the problems that need to be resolve to the fullest solutions. Its sad to say that another exchange again that has been stolen a million dollars by the hackers. 59M$ was a huge amount again in this business, I wish that exchange resolve the problems of their client users as well, though it will affect their business which may cause to collapse their exchange too.
jr. member
Activity: 140
Merit: 1
September 22, 2018, 02:33:57 AM
#4
Hi, everybody. Hackers will always attack any system. Especially cryptocurrency exchanges where there is so much money.
member
Activity: 266
Merit: 32
September 19, 2018, 09:15:18 PM
#3
Bitcoin anonymity is for hackers, scammers and criminals, terrorists also. They will run away after the crime.
copper member
Activity: 448
Merit: 3
September 19, 2018, 08:56:47 PM
#2
I saw this going through my Reddit early news. I don't think this will have any negative impact on the market.
I have always wonder the security level of Cryptocurrency exchanges. Although am not a Cyber-security expert, but have once heard of something called "multiple signature" been required for withdrawal.  Such fear of exchanges been hacked is a course for concern for someone wanting to invest big in the market. My take is that: for now, use well trusted exchanges that have zero tolerance for security breaches, and try not to leave too much fund in an exchange. I hope customers get compensated since it's a management lapses. 
legendary
Activity: 1372
Merit: 1252
September 19, 2018, 09:11:24 PM
#2
I saw this going through my Reddit early news. I don't think this will have any negative impact on the market.
I have always wonder the security level of Cryptocurrency exchanges. Although am not a Cyber-security expert, but have once heard of something called "multiple signature" been required for withdrawal.  Such fear of exchanges been hacked is a course for concern for someone wanting to invest big in the market. My take is that: for now, use well trusted exchanges that have zero tolerance for security breaches, and try not to leave too much fund in an exchange. I hope customers get compensated since it's a management lapses.  

I think the overall level of education in Bitcoin is rising. Seems like finally, it is getting through their rather thick skulls of newbies that the failure of exchanges trying to keep coins safe isn't relevant to bitcoin's security. But still in 2018 there's tons of people that when they read these headlines, think that exchange hack = "bitcoin hack". There's still a lot of work to do when it comes to that, but slowly we'll get there. And as education level rises, these news will have less of an impact as they would understand there's no reason to play along with the panic selling of these news anymore.
jr. member
Activity: 164
Merit: 1
bitcoin is great
September 19, 2018, 08:04:32 PM
#1
Japanese Exchange Zaif was reported to have suffered some security breach that resulted in about 59.7 M$ being stolen from the exchange. the hackers carted away with Bitcoin (5966), bitcoin cash and some Monacoin. It is not clear yet when or if customers will be fully reimbursed for the losses.
Zaif is operated by Tech Bureau Inc.under a regulated environment by Financial Service Agency- Japans foremost regulatory agency.
It is not likely that the market will react much to the hack ( or maybe it has already as we saw bitcoin slide to 6100 range and back up to 6400$ within an hour or this was caused by the CBOE future closure).
This brings to bear once again the need to never leave some substantial amount of exchanges.

https://cointelegraph.com/news/japanese-cryptocurrency-exchange-hacked-59-million-in-losses-reported
https://jp.reuters.com/article/zaif-tech-bureau-inspection-idJPKCN1M001Y

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