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Topic: Hacking is the Big Problem - page 13. (Read 2493 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
February 17, 2018, 02:52:13 PM
Ya nowadays hackers want to hack the users who r having bitcoin acccount ..they will have their wallet address and withdraw their coins...
Right. The rapid growth of the cryptocurrency market has made the market a big target for hackers and fraudsters. There have been many hacker attacks on computers and theft of valuable crypto assets. Be cautious of your assets in the crypto market because there will be no regulatory authority to deal with if you lose in this market.
It is not only the rapid growth of bitcoin that has done this it is the nature of bitcoin, when hackers steal fiat they run the risk of having their identities attached to their robberies but in bitcoin this is not really a risk since they can open a wallet without giving any kind of information and when they steal the coins they can just mix them and also there is not a risk of the transaction being reversed since once a transaction is confirmed by 6 blocks it is almost impossible to reverse it.
jr. member
Activity: 238
Merit: 1
February 17, 2018, 09:22:05 AM
It is true that hacking is the biggest problem in this industry. Specially when dealing with money. Eventhough how strong your password settings is, it can still be hacked. It is better to save your money on your personal account or as savings in your bank account. Don't leave big amount on your ether wallet, because hackers are only interested on big amounts. Because hacking was always a problem and we are looking for the ways to solve it.
newbie
Activity: 84
Merit: 0
February 17, 2018, 06:09:28 AM
Digital world comes with this kind of risks. Exchanges should deeply invest into security and that should their prime concern. Yet, the hacking risk can only be minimized and cannot be zeroed.
Nowadays, hacking of accounts is always a big problem specially when dealing with money. Eventhough how strong your password settings is, it can still be hacked. It is better to save your money on your personal account or as savings in your bank account. Don't leave big amount on your ether wallet, because hackers are only interested on big amounts.
sr. member
Activity: 467
Merit: 251
https://t.me/xwshamim
February 17, 2018, 05:23:13 AM
for that we ll have to be more carefull use hardware wallet and the hacking problem has increased very much nowadays i don't know what are the security teams are doing for this hacking problem and after one by one exchange is being hacked
member
Activity: 406
Merit: 10
February 17, 2018, 03:36:14 AM

Now generation is fully engaged by internet.this time many of things are not safe for internet. Now u couldnot ever store your cryptocurrency on exchanges it can be hacked or closed any time. Always store it on your wallets. Move your coins from wallet to exchange when you are going to trade. Once your trading finished move your coins back to wallet.always try to safe wallet and try to private key safe.
member
Activity: 336
Merit: 10
W12 – Blockchain protocol
February 17, 2018, 03:13:15 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?

Exchanges are not so safe, they can be hacked at any time, and returned to your personal wallet after the transaction.
This is a bad news to the traders whose coins are always in the exchanges. I do hope that exchanges will take responsibility for our funds as we are the victims if that happens.
full member
Activity: 381
Merit: 101
February 16, 2018, 06:33:53 PM
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 true that hacking is the biggest problem in this industry, however we can still avoid it if you know the right things for it. Now keeping it safe I think doing trade in the exchange is you must activate your 2FA authentication to prevent to hack your account. And choose the best exchange like Bittrex, Poloniex, Kucoin, Binance, Hitbtc, or livecoin which has 2FA activation. But never hold huge of token in any exchange platform keep it in a safest wallet.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
February 16, 2018, 02:29:58 PM
If you get hacked than its your own fault. If you play smart and don't do anything stupid, you can avoid getting hacked and lose your money.
Exchanges do/can get hacked. So that is why everyone recommends not to store your coins on an exchange for a long time. And also always choose a very trusted exchange when trading coins.
This, while hackers are the ones at fault and the ones committing a crime, the truth is that most people do not secure their coins, we have heard of people losing a lot of bitcoin by having their coins stored in a computer that was infected with viruses when a hardware wallet could have been enough to avoid that robbery so if they had invested in that they will still have their coins.
full member
Activity: 882
Merit: 100
February 16, 2018, 01:48:55 PM
hack is not a good way for you to get the funds. this is one way to destroy your wallet ..
for the security you can exchange and trade token and you can save in your personal wallet this is a safe way to trade.

You are right,Of course, hacking is a big problem. It is such a problem, that people who make a lot of money from the rich in a short time. Those who had been in Ether delta some days ago, many of them have been damaged.Still fearing to hear hacking
hero member
Activity: 910
Merit: 505
February 16, 2018, 09:24:37 AM
It is not new ,many popular exchanges were hacked in the past and many suffer ddos causing loss to various day traders.it is recommended that people should switch to decentralised exchanges but as they are slow as many use ethereum blockchain majority prefer to use centralised one.currently in my opinion waves dex is the fastest and offerer similar speed as centralised one.and never store your fund in exchange always prefer hardware wallet ,only leave that much that you are going to use for trade.
copper member
Activity: 224
Merit: 0
February 16, 2018, 08:22:36 AM
You can use hardware wallets, such as Ledger NANO or similar.
Hacking was always a problem and we are looking for the ways to solve it
full member
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
February 16, 2018, 07:25:00 AM
Hacking is a major issue. Proving that through online money launderers all over the world, this thing proves that "our exchange is not safe" so we have a lot of caution.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
February 16, 2018, 06:28:36 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?

Exchanges are not so safe, they can be hacked at any time, and returned to your personal wallet after the transaction.

this is why we need to make our account secure by activating 2fa, email verification and else and if we still feel not safe, then we need to move our coins into our personal wallet or in another multi wallet. we can use the multi wallet to save our coins which only we that will know the balance and only we that have full access to that wallet.
jr. member
Activity: 210
Merit: 1
February 16, 2018, 02:30:59 AM
Security will always be an issue with cryptocurrency, I have also heard from friends
that got their accounts hacked and coins stolen. Maybe because they didn't follow extra
protocols or they were just careless. The threat with hacking is real and it's bothering me too,
it's a depressing nightmare, we just have to be careful these days. We are all vulnerable and it
can happen anytime. Be careful on where you connect with the internet, transact and access your wallets and files.
Being overly and carefully protective is always better especially when it comes to money matters and investments.
newbie
Activity: 210
Merit: 0
February 15, 2018, 11:37:28 PM
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?

Exchanges are not so safe, they can be hacked at any time, and returned to your personal wallet after the transaction.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
February 15, 2018, 08:31:35 PM
Do not store your coins in suspicious Exchangers, exchangers are only used to make trades within a certain time.
Use the wallet with full access, meaning we have full access in the wallet.
full member
Activity: 224
Merit: 100
February 15, 2018, 06:16:53 PM
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?
There is no assurance for our tokens/coins to be safe in exchange forever, risk of getting hacked will be always present that's why external/hardware wallets are created in order to protect people's crypto from getting hacked since blockchain technology in the present is still invulnerable to attacks.
legendary
Activity: 3094
Merit: 1127
February 15, 2018, 01:34:23 PM
There are already countless measures used to prevent hacking but hackers always find ways to get ahead in technology. if modern technology gave us numerous benefits by using it, it will also give us serious problems because it can be use by someone to steal valuable information from you computer. Frequent upgrade in security is needed to avoid being hacked in the future. Developing more secure environment should also be pursued to keep up abreast with the newest development in technology.
Some hackers with incredible skills will target institutions or users with a very high amount of bitcoins and other coins, but unless you are one of those people or institutions then you do not need to worry about those kind of hackers, the ones you need to worry about are script kiddies they will use the tools of others to attack people with small holdings and you can defend from them with just a culture of safety.
Even we arent affected but we cant really avoid the fact that we shouldnt really be bothered or worried since we do know each hacking incident would really give a negative impact into recent price of bitcoin and on the entire crypto market specially when the hacked amount is really big.This is the problem which we should expect specially on those times where are seeing new ATH's.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
February 15, 2018, 01:00:37 PM
There are already countless measures used to prevent hacking but hackers always find ways to get ahead in technology. if modern technology gave us numerous benefits by using it, it will also give us serious problems because it can be use by someone to steal valuable information from you computer. Frequent upgrade in security is needed to avoid being hacked in the future. Developing more secure environment should also be pursued to keep up abreast with the newest development in technology.
Some hackers with incredible skills will target institutions or users with a very high amount of bitcoins and other coins, but unless you are one of those people or institutions then you do not need to worry about those kind of hackers, the ones you need to worry about are script kiddies they will use the tools of others to attack people with small holdings and you can defend from them with just a culture of safety.
member
Activity: 322
Merit: 10
╔►[FILIPINO Translator]◄╝
February 15, 2018, 10:10:17 AM
Hacking is inevitable and it can happen to entity or group/individual person. Some hackers are doing this to extort money, or just testing themselves if how good they are to breach security of a system. If big companies are being hacked, i think an ordinary person could even be more vulnerable with these attacks.

All we can do at least is to be vigilant and trust noone, all the time.
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