Hacking is the Big Problem - page 19.

smoothenough

newbie

Activity: 22

Merit: 0

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?

Is amazing how these companys ain't checking security flaws daily, we should know if we don't have the private keys of our coins we don't own em.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: v0rtecxz on January 30, 2018, 08:21:57 AM

hacking is a big enough issue, of course I would not feel safe for any wallet storage, they have various ways to be able to access his victim's wallet, I guess we should not be careless for every step that must be done to prevent bad actions happening on self You, always check the places and sites you want to visit, because not a few fishing sites

Actually hacking has created a havoc and huge number of people do not want to enter this space because of the danger that they may lose out the money as they keep listening that even the best of the exchanges are getting hacked or they are doing in purposely that is a different matter but at the end of the day people lose their hard earned money and thus this is a larger cause of concern in this crypto world.

armandoz

member

Activity: 162

Merit: 10

Yes that is true but in every problem there is the solution and by that happen we become matured and serious about our account we become careful in every move. we will not allow any body to grab our account by being careless. and bitcoin trying to do everything just to make sure our account are safety but the hacker will do everything just to get our account and money that we invest. We can also help the bitcoin to stop them by not welcoming any site that inviting us to join their site to invest money but not legit. they make promised a big money return. learn be satisfied what we have and make treasured our account. and the important is we earn money and meet our needs. just be patient and become steward in our blessing.

samtarly

full member

Activity: 196

Merit: 100

Pre-sale - March 18

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?

There is no safe coin in exchanges, if they get hacked and lost the cryptos stored in their exchange i think that's it, all we can do is to move forward and continue with our lives unless that said exchange will refund the investment lost.
that is why i suggest storing in personal wallets for long term hold is better and move it in exchange if you will trade it.

viramarket

full member

Activity: 262

Merit: 100

Recently somewhere I heard that the hackers got to the cold storage wallets ,such as: ledger's nano and some others.Perhaps it was the accomplice ,updated the wallets that were not purchased on the official website .and at various venues.!!be careful if you buy a purse.

setiawan101

newbie

Activity: 161

Merit: 0

this is a big problem, but how can we, be careful choosing a place of payment, find a trusted site for your swallow safe.

3 things you should do:

1. Password make it as complicated as possible.
2. important key computer files with complicated passwords.
3. privacy of all your files into the file ofline and password key. or place the file on your finger shirt.

So much from me, thanks.

coin_1122

full member

Activity: 1134

Merit: 102

Hacking makes many afraid about the investment and soon we can see many security features will be released from the companies. So for that we have to wait already hacken company is doing their best to support the companies, who makes partnership with them.

CryptoIntegrity

newbie

Activity: 45

Merit: 0

If there is one big war the cryptocurrency world is fighting now then it definitely has to be hacking and domain hijackers

portotoi

full member

Activity: 280

Merit: 101

Blockchain with a Purpose

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 also used etherdelta for exchanging my altcoins. But my currency are not hacked. I guess if you are using in any exchanges, you must withdraw right away all your coin and keep in your wallet to avoid being hacked.

tricker01

member

Activity: 140

Merit: 20

Quote from: v0rtecxz on January 30, 2018, 08:21:57 AM

hacking is a big enough issue, of course I would not feel safe for any wallet storage, they have various ways to be able to access his victim's wallet, I guess we should not be careless for every step that must be done to prevent bad actions happening on self You, always check the places and sites you want to visit, because not a few fishing sites

Well there should always be a legal action that have been done for those people who will caught for hacking an account. So that , the number of hacker will decrease because they will be afraid to face in the court and being guilty in hacking and stealing money from the other.
Hacker should be taught a lesson so they will not do it again , and no one will be a victim.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: supermine on January 30, 2018, 07:46:16 AM

Quote from: Yakult on January 30, 2018, 07:04:43 AM

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.

I don't think it is not a big problem because we have to use exchange wallets only to store small amount of funds,if we use huge amounts there then it is going to be a big problem.The exchange wallets are really not safe hacking is possibility so we need to keep our funds in wallet with private key access.Traders need to be very careful because they are going to be affected by the hacking.
Now that hacking makes another panic situation around the investors now again the prices are falling.Hoping to see a positive price movement soon.

Yes, problem for the traders who are all making use of the exchanges at its purposes. Hacking will be a very big problem for those who are all using exchanges as their wallets. In the past we have had so many exchange hacks incidents and if we do not learn any lesson from them then there will be no meaning of actively engaging in discussions with this forum.

I remember there was one long discussion about how to avoid exchange hacking problems and from there I have learned many tips on effectively making use of exchanges.

v0rtecxz

sr. member

Activity: 406

Merit: 251

hacking is a big enough issue, of course I would not feel safe for any wallet storage, they have various ways to be able to access his victim's wallet, I guess we should not be careless for every step that must be done to prevent bad actions happening on self You, always check the places and sites you want to visit, because not a few fishing sites

supermine

hero member

Activity: 826

Merit: 518

Quote from: Yakult on January 30, 2018, 07:04:43 AM

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.

I don't think it is not a big problem because we have to use exchange wallets only to store small amount of funds,if we use huge amounts there then it is going to be a big problem.The exchange wallets are really not safe hacking is possibility so we need to keep our funds in wallet with private key access.Traders need to be very careful because they are going to be affected by the hacking.
Now that hacking makes another panic situation around the investors now again the prices are falling.Hoping to see a positive price movement soon.

Yakult

member

Activity: 144

Merit: 10

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.

Sadlife

sr. member

Activity: 1400

Merit: 269

The is answer is no. You can't really ensure that your money is safe in exchanges cause hackers find vulnerabilities in the system and exploit it even if you have strong password, two factor authentication there's no point once the system is comprised. So the only solution is to trade to some reputable exchanges and quickly do trades and withdraw funds to your wallet.

lenovo16

full member

Activity: 210

Merit: 120

Quote from: OmegaStarScream on January 27, 2018, 09:25:48 AM

Quote from: thedreamer on January 27, 2018, 09:14:34 AM

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 love it when people say this. How the heck do you 'trade' if you keep your coins in the wallets... You don't.

IF you're holding, then yes, keep it in your wallet. If you trade it makes no sense.

What I meant is do the trade and withdraw instantly. Exchanges were created for trading and not for holding your funds. Unless you are day trading, I see no reason on why you should keep your money on an exchange for a anything more then a few minutes. Trading with individuals on forums etc. is another option to avoid using centralized exchange.

Well I get his point. It is true that it is much better that if you are not going to trade your coin, then its better to encash it and save to your official bank account. To secure your money from the unauthorized personnor hacker. You can just hold your coin in the wallet only if you do trading because it is the usually needed.

richminded

sr. member

Activity: 798

Merit: 268

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?

Its hard to say that all the exchanges is really safe because we cannot control people from that entity there might be an inside job or what but we must be very careful. Hackers are always be there specially in this market so in order for us be safe try to get some of your profit in a safest way which is the fiat money, secure some profit. Always careful on clicking things, don't give any information that you think should remain classified specially to strangers.

blue_nexus15

member

Activity: 532

Merit: 10

█ J A X N E T W O R K █

Every day I find information about hackers stealing assets of investors. When the cryptocurrency market is bigger, this is the target of hackers and scammers. Because most coin is anonymous, when assets are attacked and stolen, it is difficult for them to get it back because there is no authority to deal with it. To protect your assets I think you should secure your account very well by 2FA, can use the hardware to store coin, keep private key very carefully.

Anwar22

full member

Activity: 588

Merit: 100

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?

Really it's bad News that many hackers steal bitcoin, ETH. I think think it's the only one problem in online currency market place

subject27

newbie

Activity: 48

Merit: 0

Better keep your coins in cold storages. No need to keep at exchanges or online wallets unless you want to trade. Its too risky

Topic: Hacking is the Big Problem - page 19. (Read 2486 times)