Hacking is the Big Problem - page 15.

Rahar02

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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?

Hacking is a common problem in crypto-world, even in every aspect of the Internet, there are many cases since a long time ago.
Hackers always targetted exchanges as the biggest prey to hunt as they have big trading volume in their hot wallet, it isn't easy though.
I'm not a hacker to explain how did that happen, but we know it's not safe to keep your funds/coins in exchanges.
Exchanges meant to be a place to trade cryptocurrencies, not a place to keep your coins for a long-term, just deposit-trade-cash out immediately. But for now, I don't think hacking is the big problem, bitcoin acceptance in world-wide a.k.a regulations regarding cryptocurrency is the biggest problem right now. Bitcoin price always falls down if a big country announces will bam crypto trading or bam exchanges, such as happened in China and South Korea.

stellgod

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Quote from: davinchi on February 08, 2018, 05:25:33 AM

Quote from: nickmax on February 06, 2018, 06:46:16 AM

In most cases, the security of your money depends only on you. In the case of Etherdelta, those who used MetaMask and hardware wallets were not harmed.

Yes that’s true, everyone’s safety depends mostly on them, so you’ve got to be careful on how you share your info and things that has to do with your bitcoin wallet. Most people do say that it is good to have your accounts/wallet 2fa setup, cause it protects against hacking, but I don’t know how effective 2fa will be in protecting against hacking… when I was using Yahoo mail, they had a feature that let’s you make use of a particular mobile system for your wallet, which will act as the key for anyone that wants to log in. So as long as you have that mobile device with you, nobody would be able to log in.

Hacking is not only limited to the world of crypto currency but it involved almost everywhere once you step into the world of internet. Internet is no doubt very good thing but it is very much risky thing as well. Hackers can be very much harmful but if you keep on learning the new things which can help you in staying away from these kind of things which can result in loss of your money. Just be very well aware of them and be very much careful while dealing the things.

DeadCoin

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★ Investor | Trader | Promoter

Quote from: 1BTC EQUALS 1CAR on February 12, 2018, 02:28:39 AM

Hacking should have a heavier punishment like life imprisonment when it's more than a million or death if it's billion. It's everyone's problem online so it should be taken action seriously.

Punishment can be given. But how will you find out the hacker? Its very hard to find them. Once hacked is hacked. I lost some bitcoin around .045 from my blockchain wallet. Though its very low, I tried to find out through few sources, but could not find the concern. I then changed my wallet to Coinbase. Now yes its safe enough with 2FA authentication. Better to keep either wallets are exchange sites so secured.

1BTC EQUALS 1CAR

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Hacking should have a heavier punishment like life imprisonment when it's more than a million or death if it's billion. It's everyone's problem online so it should be taken action seriously.

jayhawk1

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Quote from: Noelbetty12 on February 03, 2018, 09:12:56 AM

Hacking is the biggest problem faced even before bitcoins have existed and became popular. They hacked bank accounts, now bitcoins. They can exploit weakness in the systems used to communicate with any website. So no matter how strong passwords are if they know what you are typing then it will be useless. So its never safe. It's now up to us to be careful with clicking links.

Hacking is not only one of the biggest problem for the ones who are there in the world of crypto currency only. In fact, the hackers are actually creating a lot of troubles for the ones who are there in the world of internet as there can be number of vulnerabilities and weak entry point targeting which the hackers can manage to success your account. The only possible way of keeping yourself save is to have more information regarding security.

chengyinoing

newbie

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Never store your encrypted currency on an exchange. It can be hacked at any time.

Encrypted money has its own bank on your computer. Why would you let someone else hold your encrypted currency?

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?

I think there are too many bad practices in the sector and that is going to end up with relgualtion. And when it kicks in is not going to be nice and is not going to be in favour of the less wealthy.

vanedwap

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Nowadays exchange are not secured to hacker, there's alot of a good hacker that can hack any of exchanger if they want. but its not good for the hacker to get fund of hacking exchanges thats bad

PETES

full member

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Absolutely true hacking is a big problem here in cryptocurrency world because of rapid growth of cryptocurrency hackers and scammers take advantage to the investors or holders of cryptos by hacking their accounts and collecting those cryptos or sometimes destroying their accounts.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Kevin77 on February 09, 2018, 10:00:43 AM

Quote from: atom2080 on February 04, 2018, 12:07:48 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.

it makes me little scare sir, how about the wallet? it's still safe?, if you have any recomend ,what's good exchanges sir?

There is nothing like a good exchange. If you are holding for the long term, you can decide to go the cold storage way. If you do not have the cash for stuffs like ledger Nano, you can just generate a paper wallet and your public key is the only thing you need to always receive funds.

As long as you are not trading, never leave your funds in an exchange and even if you are trading, make sure your account security is sound enough.

One thing is to always make sure safety is paramount when it comes to cryptocurrency just like the OP stated. We cannot always avoid some of these things, but the earlier people started knowing how to stay secured, the better. Expert hackers or not, if you leave yourself vulnerable to an attack, you will definitely be a victim and the best is to always be on the lookout, most especially for any phishing links.

Exactly, if you only use bitcoin occasionally and you are not an investor then losing a few dollars is not that important to you but if you have invested in bitcoin and you want to take care of that then you need to take step, people need to remember we are our own banks which means we are responsible for our own security and if we fail no one is going to assist us to recover our money.

jeronimosuykens

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Quote from: Naveenrandy619 on February 10, 2018, 12:11:44 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.

reflector

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Quote from: Rooster101 on February 09, 2018, 10:46:11 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.

For government related projects and private concerns will implement the hacking firewall but the bitcoin related implementation does not done to any so you cannot say government is implementimg hacking firewall. That would be false information.
They just banned the ICO and cryoto investment alone.

Naveenrandy619

newbie

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Ya nowadays hackers want to hack the users who r having bitcoin acccount ..they will have their wallet address and withdraw their coins...

Lanatsa

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Quote from: adzino on February 10, 2018, 01:20:36 AM

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.

Theres no such trusted exchange yet all of them do really have the possibilities on getting hacked.Theres no assurance anytime since anything on this online space do really have hackers which can penetrate security and this is why as a trader or investor we should think off on these possibilities and only store up few amounts of coins on various exchange. Better to be wary than sorry.

adzino

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www.Crypto.Games: Multiple coins, multiple games

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.

zhanghoqi5

newbie

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There's nothing to do. The more you encrypt money, the more hackers will go up, and your wallet can be hacked, and that's something you can't do.

Rooster101

sr. member

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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.

bravehearth0319

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Activity: 1022

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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?

Etherdelta don't have 2FA authentication factor which other exchanger's have, no wonder why etherdelta is a dangerous platform to trade in. BUt still there more traders using it even they know it has a big risk for what they're doing it.

bert20

newbie

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Therefore, the basically Prolema haking. The work of people not thinking right. This major problem you can profit and lost account.Must we always secured our accounts so that it cannot be hacked because when hack can lose all our money .

Coppers

newbie

Activity: 2

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Quote from: Ubay82 on February 03, 2018, 09:43:17 PM

because I am new in the world of crypto hopefully all this problem can be given way out because my anxiety

You are new it means you have a lot of research to do before you go ahead, first of all you will have to know the rules of bitcoin, as it is all the time best to buy low and sell high, for this you will have to remain active in this forum so you will be updated about the bitcoin price change. If you are knew I would suggest you to invest small at first then after getting profit buy more, once you buy bitcoin be fast to install a wallet and it should be blockchain that is the best wallet for bitcoin.

Topic: Hacking is the Big Problem - page 15. (Read 2489 times)