Topic: If an exchange gets hacked (Read 2363 times)
the cryptocoin exchanges are always at risk of hacking, they need to work with good exchanges that guarantee you. I don't know if there's such a exchange
so far I see traders on each exchange experiencing hackers, this makes the convenience of trading on an exchange feeling insecure,
if the exchange is cracked, can the assets that we store there be returned? I don't think it is possible, but if it's really cracked, it's not an omission from the user, the exchange management should replace all user losses after the exchange security level is fixed regularly.
if the exchange is cracked, can the assets that we store there be returned? I don't think it is possible, but if it's really cracked, it's not an omission from the user, the exchange management should replace all user losses after the exchange security level is fixed regularly.
Exchanges are not wallets , just store the amount of money there that you want to trade with , Centralized exchanges like binance doesn't give you the private key so if the exchange gets hack or the website goes down in any reason you cant restore your money , We have seen some exchange hacking before , We should have learned something from them .
I was just wondering about something. From time to time we see exchanges get hacked, with a big loss of Bitcoins for the customers as a result. However, I was wondering if the other coins and tokens you are invested in disappears as well? Let's say Ripple, Zcash, Monero etc.
if you do not revoke your private key in a hacked exchange, then I think you will also lose the Bitcoin and Etherum that you have in it. and other coins will also be lost if you do not do this. therefore, I would like to suggest to all of you. after exchanging in a market, if you leave the market by withdrawing your wallet's private key.
I think if a hacker is able to hack an exchange, then they can also get all the assets in it. not only limited to bitcoin but also other assets such as ethereum, ripple, zcash, and others. for this reason a trader must read the terms and conditions of the exchange before trading in it.
This is what I learned. They do not need to be hacked. They can just delist your coins and you will lose them.
They don't need to be hacked? Even if they don't wanted to those exchangers aren't really hack-proofed. All of them even the reputable or popular ones can really be hacked anytime and its inevitable.
The only thing here as an investor or user on these platforms you should know the risk on storing up your assets into that place.
This is what I learned. They do not need to be hacked. They can just delist your coins and you will lose them.
in my opinion it is very dangerous to store tokens or coins in the market because this will cause very easy hacking by irresponsible parties. you should save the token through a hardware wallet that cannot be hacked.
Of course, hacking the exchange is a serious problem for everyone, but you know that it is not necessary to keep your money on those exchanges in which you are sure that there is a high level of security, for example, even if the exchange is hacked, you will be returned some of your funds.
I was just wondering about something. From time to time we see exchanges get hacked, with a big loss of Bitcoins for the customers as a result. However, I was wondering if the other coins and tokens you are invested in disappears as well? Let's say Ripple, Zcash, Monero etc.
If your account is hacked then you are likely to lose all the funds that are stored in your wallet and does not matter bitcoin is or some other currency. And all the money on the stock exchange it is better not to store
There were so many cases that the exchanges were hacked and did it very quickly and the most important thing is that today they did not find anyone who was a hacking party, do you understand what it looks like? It seems to me that today it seems that the exchanges are hacked artificially.
Usually, hackers break open in pursuit of a certain coin, and for this purpose an attack occurs!
I was just wondering about something. From time to time we see exchanges get hacked, with a big loss of Bitcoins for the customers as a result. However, I was wondering if the other coins and tokens you are invested in disappears as well? Let's say Ripple, Zcash, Monero etc.
at first, all the big account would be zero out. and yes, all that coin you can not reverse and you lose them for good. it might not effect too much if the exchange is small. if it's big, market would dump for a while.
Isn't it risky TBH to link your ethereum wallet and giving private key to someone else you don't know or have no info who is managing your money?
I have not heard for IDEX but I'll check it now but I've been using the Poloniex exchange for years and I think that I'm happy with them also using their mobile client which is great too.
It is very dangerous to keep coins on exchanges. I prefer to put everything in my wallet. Exchanges are hacked too often and people are often not compensated.
I was just wondering about something. From time to time we see exchanges get hacked, with a big loss of Bitcoins for the customers as a result. However, I was wondering if the other coins and tokens you are invested in disappears as well? Let's say Ripple, Zcash, Monero etc.
at first, all the big account would be zero out. and yes, all that coin you can not reverse and you lose them for good. it might not effect too much if the exchange is small. if it's big, market would dump for a while.
If an exchange gets hacked then that might mean that many of the coins that are being stored on the exchanged will get stolen, and that also mean that a lot of persons would be losing all or most of their investment. This isn't something that we could wish on ourselves, and as such, I would like to rule out the thought of this.
There were are lot of interesting stories. But in general, nothing stop the hacker to steal all other coins. They are just getting everything that they can. In the most cases it is Bitcoin, because it the number one crypto.
If the cold storage will be hacked as well including all the coins then there's no one left for you.
But like the other exchanges policy if ever something bad happened to the exchange, they are eligible for that loss and you deserve a refund.
But like the other exchanges policy if ever something bad happened to the exchange, they are eligible for that loss and you deserve a refund.
If the cold storage will be hacked as well including all the coins then there's no one left for you.
But like the other exchanges policy if ever something bad happened to the exchange, they are eligible for that loss and you deserve a refund.
But like the other exchanges policy if ever something bad happened to the exchange, they are eligible for that loss and you deserve a refund.
On exchanges hold only the coins you want to trade with as it is not the secure place for storing your coins.
Exchanges can be hacked and your funds stolen. The good thing is that exchanges started to refund their
customers if it happen but that is not a guarantee. Other thing what can happen that the exchanges can be blocked (investigation , government ban etc) and your funds got stuck.
Exchanges can be hacked and your funds stolen. The good thing is that exchanges started to refund their
customers if it happen but that is not a guarantee. Other thing what can happen that the exchanges can be blocked (investigation , government ban etc) and your funds got stuck.
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