How many of those "hacks" are really "hacks"

BlackBoxRecords

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Quote from: Hamphser on December 25, 2017, 12:27:20 PM

Quote from: bitcoinisbest on December 25, 2017, 12:17:55 PM

Quote from: escrow4acc on December 25, 2017, 07:30:09 AM

I noticed an interesting trend: as soon as the capitalization of the crypto currency is growing at a rapid pace - immediately there are reports of "cracking exchanges by hackers." May be. it's just human greed and the owners of the exchanges only pretend that they were hacked?

This could be human greed and they may name it a hack Ideally I think that such things only demoralize the people to buy/sell from exchanges but nobody is sure that some other website may take their bitcoin and runaway. Thus some solution should be implemented in order to avoid such things happening in future.

This should really be put on minds that we should only store small amounts of funds on any exchangers or any sites that being used to store up out coins because sooner or later there would really be a chance of hacking incident specially when bitcoins price do reach up high which these kind of possibilities isn't really new anymore this is why we should really set safety measures and awareness regarding on our precious coins.

The problem being that you have to buy in the exchanges and they charge a lot for withdrawals. Some of them like Binance are well known for charging hefty fees, so if you are going to hodl short term is not a good idea to withdraw.

FUD Expert

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Quote from: sandy14350 on December 25, 2017, 10:11:32 AM

i dont think these are true hacks.. but i definately believe that these hacks are helped by internal people... as you seen the best example of etherdelta which got its new CEO few days back ... until before that etherdelta was robust to get hacked... but after that new guy came hacking has been done... i feel something fishy with that...and all the other cases

Oh, I did not know that ED had a new CEO. Do you think that the old CEO or team have been involved in an insider job for this?

I know easy Easyhash is not really a true a hack but after reading this, it seems like EtherDelta which is very trusted by me and many people has done it also. It's not just a coincidence and it is certainly been planned along the way.

UCHCHILD

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I agree with the the thinking that this might be an inside job, no one will gonna get the courage to hack if they do not know the history of one thing

BlackBoxRecords

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Quote from: escrow4acc on December 25, 2017, 07:30:09 AM

I noticed an interesting trend: as soon as the capitalization of the crypto currency is growing at a rapid pace - immediately there are reports of "cracking exchanges by hackers." May be. it's just human greed and the owners of the exchanges only pretend that they were hacked?

Perhaps is a question of incentive. If the owner can make more profit by alleging a hack and taking everything is just a question o the weight of a possible criminal prosecution which is unlikely and difficult. Perhaps some exchanges are better than this, but the risk is there.

reflector

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Quote from: bitcoinisbest on December 25, 2017, 12:17:55 PM

Quote from: escrow4acc on December 25, 2017, 07:30:09 AM

I noticed an interesting trend: as soon as the capitalization of the crypto currency is growing at a rapid pace - immediately there are reports of "cracking exchanges by hackers." May be. it's just human greed and the owners of the exchanges only pretend that they were hacked?

This could be human greed and they may name it a hack Ideally I think that such things only demoralize the people to buy/sell from exchanges but nobody is sure that some other website may take their bitcoin and runaway. Thus some solution should be implemented in order to avoid such things happening in future.

Have you faced any hack issue from your wallet or somewhere in exchange first. Mostly hackers try to hack the exchange site to loot all the funds of traders you have fund in that site. You may hear about nice hash hack also recently done. These will be done most of the time. I have lost some bitcoins using the blockchain wallet from the past 2 years and I lost moly fund when I am try to log in using the Google search option.

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Quote from: bitcoinisbest on December 25, 2017, 12:17:55 PM

Quote from: escrow4acc on December 25, 2017, 07:30:09 AM

I noticed an interesting trend: as soon as the capitalization of the crypto currency is growing at a rapid pace - immediately there are reports of "cracking exchanges by hackers." May be. it's just human greed and the owners of the exchanges only pretend that they were hacked?

This could be human greed and they may name it a hack Ideally I think that such things only demoralize the people to buy/sell from exchanges but nobody is sure that some other website may take their bitcoin and runaway. Thus some solution should be implemented in order to avoid such things happening in future.

This should really be put on minds that we should only store small amounts of funds on any exchangers or any sites that being used to store up out coins because sooner or later there would really be a chance of hacking incident specially when bitcoins price do reach up high which these kind of possibilities isn't really new anymore this is why we should really set safety measures and awareness regarding on our precious coins.

bitcoinisbest

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Quote from: escrow4acc on December 25, 2017, 07:30:09 AM

I noticed an interesting trend: as soon as the capitalization of the crypto currency is growing at a rapid pace - immediately there are reports of "cracking exchanges by hackers." May be. it's just human greed and the owners of the exchanges only pretend that they were hacked?

This could be human greed and they may name it a hack Ideally I think that such things only demoralize the people to buy/sell from exchanges but nobody is sure that some other website may take their bitcoin and runaway. Thus some solution should be implemented in order to avoid such things happening in future.

sandy14350

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i dont think these are true hacks.. but i definately believe that these hacks are helped by internal people... as you seen the best example of etherdelta which got its new CEO few days back ... until before that etherdelta was robust to get hacked... but after that new guy came hacking has been done... i feel something fishy with that...and all the other cases

leea-1334

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I believe some are real hacks, but to me when the announcements are made months after they have been discovered, then I think it was just misappropriation. A lot of people, including myself, never believe Mt Gox was a hack. And now, after seeing exchanges get away with everything after claiming hacks, of course a lot of projects and websites and exchanges feel, hey, let us just say we got hacked. No more responsibilities.

Some hacks are obvious, and have a trail. And hackers usually leave messages behind, to confirm that they were there and the hacks were because of them. The other so called hacks are just a close all excuse to get away with crime.

Lena1234

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Can I get some advice and strategies on how to earn a bitcoin. What did you do to get your first bitcoin? Shocked

Lanatsa

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Quote from: escrow4acc on December 25, 2017, 07:30:09 AM

I noticed an interesting trend: as soon as the capitalization of the crypto currency is growing at a rapid pace - immediately there are reports of "cracking exchanges by hackers." May be. it's just human greed and the owners of the exchanges only pretend that they were hacked?

Some sort of and its really possible that those hacking incidents and being blames are just for show but the truth behind it was just really an inside job.No one reallys knows and we cant do anything about it since we are just an investor or just part of certain investment and we are just depending on the updates that they do give.Even no matter how hard you complain you can make those lost coins back.

escrow4acc

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I noticed an interesting trend: as soon as the capitalization of the crypto currency is growing at a rapid pace - immediately there are reports of "cracking exchanges by hackers." May be. it's just human greed and the owners of the exchanges only pretend that they were hacked?

BlackBoxRecords

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Quote from: burdagol12345 on December 23, 2017, 02:33:03 AM

Quote from: BlackBoxRecords on December 21, 2017, 12:55:29 PM

Not long ago Easyhash, now Etherdelta,... all atacks that are quite difficult to make without insider information. Do you think that these are really hacks?

Will for me ,we cannot consider this all things happen a real hack unless we know the main sources of allt this happening or in other words we cannot prove the innocence is guilty unless there is verdict.mostly in my own perception,this all things happen is an act of hacking the system to get all information in site just like happen in parity wallet,that some of investor lost there asset,and make all the transaction in exchange pending.

The parity hack is a different thing really. It was open source (I believe) and anyone could have seen the problem. Apparently, the person that blocked the funds was not hacker at all.

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Quote from: BlackBoxRecords on December 21, 2017, 12:55:29 PM

Not long ago Easyhash, now Etherdelta,... all atacks that are quite difficult to make without insider information. Do you think that these are really hacks?

Will for me ,we cannot consider this all things happen a real hack unless we know the main sources of allt this happening or in other words we cannot prove the innocence is guilty unless there is verdict.mostly in my own perception,this all things happen is an act of hacking the system to get all information in site just like happen in parity wallet,that some of investor lost there asset,and make all the transaction in exchange pending.

BlackBoxRecords

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Quote from: AngelSky on December 22, 2017, 08:29:55 AM

Quote from: tiggytomb on December 21, 2017, 03:35:31 PM

There will be times when these hacks will be inside jobs, I was surprised that Nicehash was attacked and lost coins, just shows that any one of these exchanges that hold coins are vunerable.

In recent days nice hash sever hack the major blow in the crypto currency. Other than most of the tie you will find the hack attack on the trading and exchange site most of time.
Most of the time ignore the hackers issue then you will feel panic all the time. If you have fund in the online wallet as well it can be attack by the hackers. So don't concentrate on it.

I cannot trade with my wallet, I need to move my coins that is what money is for IMO. Keeping it in wallets if fine if you just hold.

AngelSky

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Quote from: tiggytomb on December 21, 2017, 03:35:31 PM

There will be times when these hacks will be inside jobs, I was surprised that Nicehash was attacked and lost coins, just shows that any one of these exchanges that hold coins are vunerable.

In recent days nice hash sever hack the major blow in the crypto currency. Other than most of the tie you will find the hack attack on the trading and exchange site most of time.
Most of the time ignore the hackers issue then you will feel panic all the time. If you have fund in the online wallet as well it can be attack by the hackers. So don't concentrate on it.

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Quote from: BlackBoxRecords on December 21, 2017, 12:55:29 PM

Not long ago Easyhash, now Etherdelta,... all atacks that are quite difficult to make without insider information. Do you think that these are really hacks?

I agree on this which there are really some hacking incident which is really hard to believe that they are completely being compromised by outsiders and as being said its quiet difficult that they can able to penetrate without those insider informations. This is why i dont really trust completely a certain site or investment no matter how reputable it is because i do observe when bitcoins price do surge up those hacking incidents do really occur which im not really surprised on what happen on nicehash recently because it is somehow anticipated.

BlackBoxRecords

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Quote from: crenfrosck on December 21, 2017, 05:25:37 PM

On a centralised exchange anything can happen and you have put your trust in them that your coins will be safe (and if they'll disappear, well...). This ED's problem is weird and I'm glad for that I didn't use my main account for trading as my private key could be vulnerable.

There is something to be said here about the gain/loss balance. I could think that the owners of any exhange have to balance the future profit against the benefit of "hacking" themselves and get all the deposits.

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On a centralised exchange anything can happen and you have put your trust in them that your coins will be safe (and if they'll disappear, well...). This ED's problem is weird and I'm glad for that I didn't use my main account for trading as my private key could be vulnerable.

BlackBoxRecords

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Quote from: 1melyun on December 21, 2017, 03:33:16 PM

Quote from: BlackBoxRecords on December 21, 2017, 12:55:29 PM

Not long ago Easyhash, now Etherdelta,... all atacks that are quite difficult to make without insider information. Do you think that these are really hacks?

Some of them true some of them not real. The etherdelta hacks can be real because their service is open source. telling a lie story to the community should be diffucult for them. There are many developers can prove it if it real or not. You should think about tether and bitfinex hack explanation

They can surely justify the smart contract, but what about the DNS part?

Topic: How many of those "hacks" are really "hacks" (Read 232 times)