Topic: Hacking is the Big Problem - page 16. (Read 2493 times)
Now a days, its more likely the insider job if any crypto exchanges is really hacked. Due to untracable, Decentralized properties of Crypto, It's really easier to hack it and move funds anywhere they want.
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.
this will be one of the safest ways that can be used. but if one exchange is hacked. can we get back the money we have deposited? I think some big exchanges will have exceptions about the missing funds. and maybe you can deposit the funds in a large and highly enriched exchange. because it is unlikely that the exchange will be crushed 
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?
Just don't leave your coins into a exchanging sites and put it all in a cold storage or to most trusted online wallet. As long as you are not making a transaction don't ever leave your balance to prevent from being stole. Bitcoin has a huge amount yet, it is digital that is why be secure to your saving because online world is vulnerable to hackers.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?
But many times we see people who looses the fund on the trading site only. Other than this some sites got stolen funds like NiceHash and something. Which is used to sell the hash power. As you said I too wanna advice the people to move the fund to the desktop wallet in every week atleast.
I do not know when they comes to bitrex, LBC and other big trading platforms.
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 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 also was shocked when I heard about this news. As i understood it was the biggest hack attack in the history of crypto. Actually I think nobody is safe in the world of crypto. It is unstable and risky. People have to understand it when they buy cryptocurrency
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?
Just don't leave your coins into a exchanging sites and put it all in a cold storage or to most trusted online wallet. As long as you are not making a transaction don't ever leave your balance to prevent from being stole. Bitcoin has a huge amount yet, it is digital that is why be secure to your saving because online world is vulnerable to hackers. 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?
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?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.
Making money by hacking is a very bad thing because the good man has many problems. Myethear wallet has been hacked a few days ago. Man's money, bank account is not safe.
Bank account is also not safe, there are also hackers who hacks in some bank accounts. Bitcoin wallet can also be hack so maybe let's just double take good care of our wallets to avoid being hacked. 
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 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 also was shocked when I heard about this news. As i understood it was the biggest hack attack in the history of crypto. Actually I think nobody is safe in the world of crypto. It is unstable and risky. People have to understand it when they buy cryptocurrency
Everything else is not 100% secure especially when we are entrusting our currency/cryptocurrency to an institution. There is always this kind of bankruptcy thing and even though they tell us our investment is secure and insured, there is only part of our investment that is secured, and if we exceed the amount allocated for insurance then all of it is gone. If you are talking about trading and investing in cryptocurrency, you can always nullify or minimize the risk as long as you are capable of researching and updating yourself.
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.
If you will keep yourself secure by taking all the possible precautionary measures, then it will be very much difficult for any of the hacker to breach the security and to get access over your account or to get your money. The only thing which can harm you is leaving any such kind of spot whom hackers can then target easily and thus making things very much difficult for you. You need to be well prepared especially when it comes to that of the security. 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. 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 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 also was shocked when I heard about this news. As i understood it was the biggest hack attack in the history of crypto. Actually I think nobody is safe in the world of crypto. It is unstable and risky. People have to understand it when they buy cryptocurrency
Using exchange for saving money is not recommended you should fund your exchange account the amount that you can afford to lose and use the exchange for trading not for keeping money for long period of time. For me if you want to keep your fund safe just transfer your fund in hardware wallet which you are the only one can access that wallet.
Yeah wallets are the most good and best places for it if you are having bitcoin you will have to hold it and holding is not the problem if you have wallet, hardware of paper wallets are the best option as it can be use anytime. You will have to install a wallet I your PC or in your phone so no one will be able to hack your bitcoin. Blockchain service is the best service among all wallets now. 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 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?
this is one of the main reasons many of us recommend to not put the most of your money on exchanges. The safest way to keep your money is into your own wallet, where you have full control. Otherwise you are at the mercy of similar events.
There are a lot of ways that hacker can access to your computer and steal all your money. With just a single click you can lose everything so try to be careful when you decide you click to anything on the internet or every email that you received. I still remember the time when Wanna Cry created 
) It stole hundreds or maybe thousands Bitcoin all over the world ). But luckily there are a genius found out the way to remove this virus and saved the world ). For me, I often keep all information about all my account and wallet offline in another clean computer to make it safe as much as possible and until now all my money still safe
) It stole hundreds or maybe thousands Bitcoin all over the world ). But luckily there are a genius found out the way to remove this virus and saved the world ). For me, I often keep all information about all my account and wallet offline in another clean computer to make it safe as much as possible and until now all my money still safe 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?
hecker very difficult to be combated so many victims who lost their money, in my opinion better save money in our personal wallet if not in use again in stock market.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?
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 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?
this is one of the main reasons many of us recommend to not put the most of your money on exchanges. The safest way to keep your money is into your own wallet, where you have full control. Otherwise you are at the mercy of similar events.
But hacking is even worse in bitcoin, in banking you can get your money bank, it is a hassle but it can be done, but in bitcoin and cryptocurrencies in general once that money is outside your wallet there is nothing that can be done to get that money back this is why hackers are turning their attention to bitcoin since they know not only they will keep the funds but it is likely they are going to get away with it.
Which is why no one should put any asset they cannot afford to lose on any exchange. This is something that we have to live with for now and best to always stay with exchanges that can be trusted which have been able to avert hacking attempt in the past than just going for the new ones. Also, it is best to always split funds in different trusted exchanges to at least have them spread around. atleast coinheck release a statement regarding this and they say that they will pay their users affected by this said hacks.
While I am happy that reimbursement is going to take place, I find it a bit weird to let them walk away with things so easily. If you can fake a hack as exchange, and then always have the option to just choose to pay back the debt as result of that, it grants you too much free game to instantly grab/steal loads of more funds in the future. An exchange, regardless of its size, should never have that many coins sitting in hot wallets. If they do leave hundreds of millions in funds in their hot wallets anyway, then it's a very shady practice. It can't even be seen as incompetence anymore -- NiceHash did the exact same thing before getting "hacked".
What still beats my imagination is the question, where would the fund for reimbursement come from. I mean , exchanges house huge money with them. How can they pay such debt - do they have some insurance or what?
Many people scared about the hacking because exchanges need to be secured because otherwise we will be in loss. That's many new people are afraid to invest into crypto because of these hacking.
but I am sure that every exchange will do their best to secure their site so their member could feel safe while they do trade on that site. I think as long as we can secure our account and follow the instruction from the site, we don't have to worry about hacking and we can do trade with safe too. but I realize that there is no guarantee for every exchange can feel secure because there will be a hole for the hacker to penetrate the site and take the members money.
Yes sure they are but still their are some series of huge exchanger's site hacking event where many people got compromise, And I can't still trust them up eventhough they can be called big ones since they might gonna do an inside job and stole the money of their depositors.
This is a really big issue when it comes to online currencies. Every process is a risks and online hacking is not easily tracked even by the government. You must be careful on what you're going to do online especially when filing information online and even downloading stuffs. Anyone you can be possibly monitored and can be used for hackings.
So, someone gets into Bitcoin, feeling they are safe and not knowing that it is even worst than having cash. That’s why I do say they are all the same, whether you’re using Bitcoin or cash, there are risks involved in both. Anyone who’s making use of Bitcoin has to be careful. Despite all that’s happening, I believe there are safe wallets out thee that can’t be hacked easily, but there is no need to mention.
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.
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