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.
An hacker will not leave coins like that in an hacked wallet, example of coins you sighted possess great value so, if exchange got hacked those tokens you mentioned will disappear. 
Topic: If an exchange gets hacked - page 2. (Read 2363 times)
I think it could also be stolen since hackers hack this exchanges for profit or get money from it and most of what you stated have value. So, in my opinion I would rather put my coins in a wallet rather than in an exchange.
You are right, we shouldn't store on the exchange because not only hackers but also the exchange itself may collapse. This is common knowledge and people choose to store in their wallet (no exchange wallet) when they want to hold coin long term.
Yeah, it possible and that was many cases about it. Just find safe exchange for you but never store your money on it. Wallet are better to keep your money safe.
There is nothing safe 100%. There are just safer place to store assets. I just do not put all my eggs in one bag.
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I think it could also be stolen since hackers hack this exchanges for profit or get money from it and most of what you stated have value. So, in my opinion I would rather put my coins in a wallet rather than in an exchange.
You are right, we shouldn't store on the exchange because not only hackers but also the exchange itself may collapse. This is common knowledge and people choose to store in their wallet (no exchange wallet) when they want to hold coin long term.
It depends on how do you protect your private key in wallet, if are a careless there's a big chance to hacked and get your asset. The best thing to do is don't put all your coins in one just in case that if hacked, there's another.
Cold-storage or having the coins online somewhere with that is more of a safe strategy to coin storing. 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.
It is not secret what will happen. Because it is already was happened many times. If Exchange will be hacked, Exchange will lost some crypto and will not able to return crypto to clients. In most of cases exchange will disappear after that.
It depends on how do you protect your private key in wallet, if are a careless there's a big chance to hacked and get your asset. The best thing to do is don't put all your coins in one just in case that if hacked, there's another.
I think it could also be stolen since hackers hack this exchanges for profit or get money from it and most of what you stated have value. So, in my opinion I would rather put my coins in a wallet rather than in an exchange.
You are right, we shouldn't store on the exchange because not only hackers but also the exchange itself may collapse. This is common knowledge and people choose to store in their wallet (no exchange wallet) when they want to hold coin long term.
I think it could also be stolen since hackers hack this exchanges for profit or get money from it and most of what you stated have value. So, in my opinion I would rather put my coins in a wallet rather than in an exchange.
if the exchanger has liquidity then they can certainly refund the stolen funds to their customers as soon as possible, so just throw your money in trusted exchanger with luquidity
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.
I guess it depends on the hack.
Don't you think they take it all?
I have not yet encountered this problem, but I can assume that no one will refund me in case of hacking of the exchange on which I trade. That's why I do not advise you to keep on the exchanges assets that you do not use. It is better to create a separate wallet for them, and better keep it on a cold wallet.
I have much news about different exchanges having been hacked. And with the technological age right now, hackers are getting sophisticated with their tools also to hack the heavy firewall and security on many exchanges. Its a cat and mouse battle between exchanges and hackers
is it true that decentralized exchanges cannot be hacked or useless to hack since the exchange do not hold customers' coins/tokens. they're merely medium of trade where they interconnect sellers and buyers. once the price agreed, transaction takes place automatically.
one decentralized blockchain I know of is bitshares. you can post sale or buy orders directly into the blockchain itself. and once the price is picked up, the transfer of tokens will happen instantly.
one decentralized blockchain I know of is bitshares. you can post sale or buy orders directly into the blockchain itself. and once the price is picked up, the transfer of tokens will happen instantly.
Any of them can get hacked. The reason most have involved bitcoin is because is by far the biggest and when the exchange hacks happened it was the only real coin really.
all there must be risks.
therefore, don't put too long a token / altcoin / bitcoin balance in an exchange, especially for underground exchangers.
it's very risky, unless you are ready to lose
)
I actually thought, was it really hacked or just a manipulation for "money laundering"?)
Hahaha kidding,
But that can be true....
therefore, don't put too long a token / altcoin / bitcoin balance in an exchange, especially for underground exchangers.
it's very risky, unless you are ready to lose
)I actually thought, was it really hacked or just a manipulation for "money laundering"?
)Hahaha kidding,
But that can be true....
Actually, most of the time it is not btc that gets stolen but a huge mix of a bunch of other coins.
It is just easier to say the value in btc because it gives people a better idea.
For example, when binance got hacked earlier this year, it was a specific bot that dramatically rose the price of bytecoin then automatically started making trades against people's wallets.
Hackers do stuff like this because all of the wallets are controlled by the exchange itself and it is easy for an exchange to freeze all of the wallets if they suspect a hack.
The simple solution to all of this is to simply just don't have your coins on an exchange.
Or, if you are a day trader, have no more than 1k to 2k worth of coins to trade.
After all of the information out there on how to protect your crypto and the dangers of just leaving it on an exchange.
If a person ignores all that and gets hacked, I have no sympathy for them
It is just easier to say the value in btc because it gives people a better idea.
For example, when binance got hacked earlier this year, it was a specific bot that dramatically rose the price of bytecoin then automatically started making trades against people's wallets.
Hackers do stuff like this because all of the wallets are controlled by the exchange itself and it is easy for an exchange to freeze all of the wallets if they suspect a hack.
The simple solution to all of this is to simply just don't have your coins on an exchange.
Or, if you are a day trader, have no more than 1k to 2k worth of coins to trade.
After all of the information out there on how to protect your crypto and the dangers of just leaving it on an exchange.
If a person ignores all that and gets hacked, I have no sympathy for 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.
some exchanges has there own way to face such hacks.but most likely its really better if you just transfer your crypto in an exchange when necessary.
although nothing is sure. i would rather say its better to check the exchange policy in such attacks.
if they are going to compensate or not.
or they will be gone no one will ever get paid.
If an exchange gets hacked, then that's some pretty bad news. That would mean that tokens or coins on the exchange are not safe, but I think that it is most unlikely to occur though, because a lot of these exchanges have top notch security levels, and cannot be easily hacked. if you are not cool with leaving your coins on the exchanges, it is best you transfer them to your wallets.
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