Hacking is the Big Problem - page 11.

melamiras

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Quote from: S.coastapps on January 27, 2018, 06:24:54 AM

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

It is not only about the large hacks that take lots of coins, is also about the small daily thefts done everyday by scammers taking advantage of people that have less knowledge.

ngavanngo22

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Activity: 238

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OPEN GAMING PLATFORM

Your money is never safe on any exchange although it's the best exchange all over the world although you use 2fa for your exchange account. You should know that your cryptocurrency will only safe when you keep it in your own wallet that you can keep your wallet private key. Beside I think these exchange hacked because their staff clicked in something that included virus if they didn't, hacker would never have chance to hack money from these exchange.

Seetheummerallyeah

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Activity: 280

Merit: 41

Withdrawing the money you earned is the best thing to keep ‘em safe.

Ejanend

sr. member

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Quote from: Riverviwa on February 20, 2018, 10:00:07 AM

Have some good security features that will leap your money safe.

No currency is safer than bitcoin for safety and saving bitcoin do have a lot of wallets that will not lead you to get scammed. I think bitcoin is an example to have all of your money save into your own wallets, where you will have full control and you will be able to use it at time of need, people feel really safe to have bitcoin as an asset and investment from future, bitcoin is safe because it has wallet like blockchain and paper wallet that keep your bitcoin safe, secure and grow it for you.

ToyMonster

newbie

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Transfer your money into your personal wallets and keep it safe.

StarofBTC

hero member

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Quote from: guoyu78 on February 19, 2018, 05:15:08 AM

Quote from: #dhabitamartha on February 18, 2018, 08:30:05 AM

I just know this news from here try to review the news first maybe just false news if it is true can be traced to look for hackers although it is difficult to need expert help in the field may be caught over time so we must be vigilant and careful. if anything strange

Yes it is happening but safety is the matter right now as a lot of websites people use for exchanging are fake, people will have to be very careful in this regard and don’t keep your coin in exchanger anymore.

It is not good to trust anyone in case of bitcoin, at first you should not have bitcoin hold for long time as if you get profit try to cash out as fast as possible, secondly you should use bitcoin wallet as now in market a lot of wallets are available. I use blockchain as it is very easy to use and reliable to cash out any time.

Safety is always in the hands of each and every individual. Even in the normal world, we always take safety seriously so as to avoid theft of property or invasion of robbers, so I wonder why people cannot just apply the same mindset into the world of crypto and see hackers as those guys looking for their funds to steal and looking for every means to protect it which is available already and I wonder why a lot of people still complain. Anyone who can just follow simple safety and security rules will always be fine.

ico_agency

newbie

Activity: 1

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Is downloading the PDF whitepapers dangerous?

I know that PDFs can be malicious, have you heard of any tied to whitepapers?

stellgod

full member

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Quote from: Owl129 on February 22, 2018, 06:43:04 AM

In cases like hacking is inevitable, security is always the issue in these situations where money is involved. There are some issue concerning hacking of private key hacking of digital wallet and others. As a user and holder of coins we must be aware of these hackings. There are many security system we must know everything about the security of our coins, always be careful of the passwords and private keys so that we can avoid these kinds of hacking problems.

That’s a lie, hacking is evitable… there are ways you can avoid them. Some people being hacked is due to their own stupidity. I came across a post of someone saying that he was asked to give out his password and wallet ID to be given 1btc and he will be required to send back 0.5btc out of that 1btc that will be sent to him. It happened the 1btc was a watch only. Nice tricks.

leea-1334

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Temporary forum vacation

Quote from: Happiest on February 23, 2018, 12:06:32 AM

Quote from: GoldenLad on February 19, 2018, 05:13:46 AM

Well I guess its the fear of been hacked that is why most people refuse to have anything to do with bitcoin or other cryptocurrency. When I told a friend of mine whom i have been trying to convince into investing in cryptocurrency about how people do get hacked if not careful, he ended up telling me he has made his stand not to invest in crypto because it freaks him out. How I wish there will be a solution to this, probably, a lot of people might have invested in cryptocurrency.

Lol..this got me laughing, I guess you are the one that freaked him out, which is why he made his stand never to invest in cryptocurrency. You should have also encourage him by telling him how to pervent himself from getting hacked by putting his coins in a cold secured ledger or cold storaging. There might be a lot of hacking going on but bitcoin investment is worth more.

It is quite amazing to see that even today, people still misunderstand the basics of hacking. Very few hacks are possible even on low end systems, if the user's own personal security is take care of. But I guess if even guys like Mt Gox and all those crypto exchanges still leave USB drives lying around or download malware that sniffs passwords on computers then you cannot expect any better from common people new to Bitcoin.

You do not even need cold secured ledger and what not if you practice good security.

jonaire99

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Quote from: S.coastapps on January 27, 2018, 06:24:54 AM

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

As the technology advances, so the hackers also by getting the most sophisticated gadgets, every computer became vulnerable. Cryptocurrency hackers targets big exchanges recently and coincheck added to their list of successful hackings. It is really difficult to track those hackers unless you match their skill and technology, or you also need to hire experienced hackers to track the bad hackers down.

tabas

hero member

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Top Crypto Casino

Quote from: Shoesouse on February 22, 2018, 11:02:01 PM

Yes I got my few btc hacked last night which was so pathetic

How did it happened? Do you have anything to say on how you've been hacked so that you can warn others with your experience?

Quote from: highquA1 on February 22, 2018, 11:15:28 AM

It is a problem only if you keep on trading and exchanging.

No, why it would be a problem if you keep on trading? There's nothing wrong doing that.

AgentZero23

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Activity: 644

Merit: 10

Quote from: OmegaStarScream on January 27, 2018, 08:44:15 AM

You don't. Hacks target the exchanges wallet by finding exploits and not the user accounts separately. If you want your funds to be safe, use exchanges for trading only and withdraw to your personal wallet.

I will take your advice on using exchanges for trading and stored my coins in my personal wallet. Because it's much safer.

Budugbass

full member

Activity: 392

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We are just trying to anticipate it and be more intelligent, of course if we aren't careless and keep careful.. i think we will avoid to be hacked. Crypto is still not fully protected by the security of the government, of course this will be very vulnerable to the occurrence of hacked. It will not be a big problem if we are more careful and always looking at more thorough on circumstances above all the efforts we do.

GoldenLad

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Activity: 266

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Quote from: Happiest on February 23, 2018, 12:06:32 AM

Lol..this got me laughing, I guess you are the one that freaked him out, which is why he made his stand never to invest in cryptocurrency. You should have also encourage him by telling him how to pervent himself from getting hacked by putting his coins in a cold secured ledger or cold storaging. There might be a lot of hacking going on but bitcoin investment is worth more.

Ya, you are right, bitcoin really worth it even admit all hacking. But the guy is neck bend on not investing in any cryptocurrency. I even tried to tell him how to protect his coins but he won't even let me. Well, I let him be. Probably, in the nearest future he will understand what I have been trying to make him understand.

Happiest

member

Activity: 207

Merit: 22

Quote from: GoldenLad on February 19, 2018, 05:13:46 AM

Well I guess its the fear of been hacked that is why most people refuse to have anything to do with bitcoin or other cryptocurrency. When I told a friend of mine whom i have been trying to convince into investing in cryptocurrency about how people do get hacked if not careful, he ended up telling me he has made his stand not to invest in crypto because it freaks him out. How I wish there will be a solution to this, probably, a lot of people might have invested in cryptocurrency.

Lol..this got me laughing, I guess you are the one that freaked him out, which is why he made his stand never to invest in cryptocurrency. You should have also encourage him by telling him how to pervent himself from getting hacked by putting his coins in a cold secured ledger or cold storaging. There might be a lot of hacking going on but bitcoin investment is worth more.

Shoesouse

jr. member

Activity: 164

Merit: 1

Yes I got my few btc hacked last night which was so pathetic

South Park

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I am terrible at Fantasy Football!!!

Quote from: Batmain on February 18, 2018, 05:40:21 PM

Quote from: OmegaStarScream on January 27, 2018, 08:44:15 AM

You don't. Hacks target the exchanges wallet by finding exploits and not the user accounts separately. If you want your funds to be safe, use exchanges for trading only and withdraw to your personal wallet.

Listen to him. What he is are saying is true. The problem lies on the system itself of the exchanges. But there is no way that they can hack your hardware wallet unless they force you to spit out your seed, or when you get phished online. Almost all exchanges nowadays are only came from scratch and some don't even know that their exchange will reach that far, that's why they are having a real deal maintaining the security of their exchanges. Imagine if some reputable company (facebook for example) decided to have a cryptocurrency exchange and the people that are working there has an A++ degrees in different fields of computer in the most prestigious universities. Do you think that they can still put a dent in their security? Give it time and these exchanges will improve too. In the meantime don't fully trust them and always leave your funds in your own personal wallet.

Even if they had rock solid security we must never trust in exchanges completely that is the whole point of bitcoin, we need to have control over our own coins and use exchanges only when you need it, traders do not have too much of a choice but for the rest of us leaving our coins in an exchange is a terrible option since you are trusting that a third party service keeps your coins safe and does not exit scam you.

highquA1

newbie

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It is a problem only if you keep on trading and exchanging.

Owl129

member

Activity: 203

Merit: 10

In cases like hacking is inevitable, security is always the issue in these situations where money is involved. There are some issue concerning hacking of private key hacking of digital wallet and others. As a user and holder of coins we must be aware of these hackings. There are many security system we must know everything about the security of our coins, always be careful of the passwords and private keys so that we can avoid these kinds of hacking problems.

MMostaza

member

Activity: 86

Merit: 10

You need to be very careful, take it seriously, change your passwords each time (and hard ones), keep your coins stored on different wallets and, if is possible, keep them stored without connection while you are not using them. And once you learn to live with that, hacking will be a problem, of course, but not the Big Problem that will provoke the end of crypto currency.

RedLock also launched a report this February explaining that nowadays hackers are more interested on hack computers for mining than for steal data. So, if I have to choose I prefer that they take energy of my computer than that they steal my passwords and my crypto...

Topic: Hacking is the Big Problem - page 11. (Read 2489 times)