Topic: If an exchange gets hacked - page 7. (Read 2363 times)
Yes, there may be many options as its the digital world and it can be hacked because it's the online platform and it's totally a virtual world.
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.
Yes it also disappears depending on the target of the hackers. No crypto is safe when an exchange is hacked. It is therefore proven that you must exchange or trade your coins as quickly as possible to avoid the chances to experience major problems. Also, use exchanges which are reliable and has many types of verifications so that you can gain money in a safer way. 
For fuck sake!
The thread creator was asking if an exchange is hacked and Bitcoin stolen, then if other coins will get stolen as well.
A bunch of idiots joined in talking nonsense that has nothing to do with the question. Are you people illiterate? Can't read and comprehend simple questions?
My guess is no, but as one of the rare people who stuck to the topic said, it depends on the hack. Coinone was robbed of NEM and nothing else.
The thread creator was asking if an exchange is hacked and Bitcoin stolen, then if other coins will get stolen as well.
A bunch of idiots joined in talking nonsense that has nothing to do with the question. Are you people illiterate? Can't read and comprehend simple questions?
My guess is no, but as one of the rare people who stuck to the topic said, it depends on the hack. Coinone was robbed of NEM and nothing else.
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 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.
from what i see, when exchanger get hacked in system and some coins are stolen, they refund the user's coin. don't know they really do it or not but i see like that. i never get case like that because i not save my coins/tokens in exchanger
hack is a very serious issue that should be addressed by site siteexchange I think this should be a homework for the whole siteexchange for security around transactions in order to increase confidence in the exchange platform. I hope that problems like this will be resolved soon because of course the actions of these hackers will be very detrimental, especially for investors who make an investment with crypto currency.
In fact, most of the time don't need to worry about this problem, because most of the tokens exchange on cold wallet for storage, so most of the time will not happen this problem, but if your tokens, stolen, big exchange has all enough money to pay.
When big exchanges has a guarantee that all your Crypto Assets will be refunded in case of attacks then the better but in return their transaction fees are higher than any Coin Exchanges in the market.
I still prefer lower transaction coin exchanges because I don't usually set my tokens into their wallets for a long time. I just set them in when I am going to trade the same day.
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.
everything is gone all you coins in the exchange that get hack or only if the hacker hack only certain coins. he hack the coins you don't have and you have the coins he/she don't hack so your coins is there. be careful with exchange site and don't put all your money there you will know if the exchange get hack or the owner itself hack the site.
Yes, everything will be gone because hackers can take away all the coins within the coin exchange and you will lose all your coins when the coin exchanges has been compromised.
It's a very difficult part of coin exchange to maintain their security in order to avoid this kind of problems but hackers could still access in any ways.
There are more hackers are now focusing on exchange attacks because they could get more money than getting funds from banks and their victims' money.
In fact, most of the time don't need to worry about this problem, because most of the tokens exchange on cold wallet for storage, so most of the time will not happen this problem, but if your tokens, stolen, big exchange has all enough money to pay.
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.
There should be tremendous issue if an exchange is attacked and hacked. The result would be, more clients and customers will be affected due to their coin and money loss especially when their coin exchange temporary wallets are compromised.
To avoid this unfortunate issue is to not to stay your coins in the Coin Exchange for a long time and you will instead set into coin exchange when you do same day trading.
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.
everything is gone all you coins in the exchange that get hack or only if the hacker hack only certain coins. he hack the coins you don't have and you have the coins he/she don't hack so your coins is there. be careful with exchange site and don't put all your money there you will know if the exchange get hack or the owner itself hack the site.
it is not just BTC that are stolen from exchanges... all coins can be stolen.
Anyway the most recent big hack was on coincheck in japan and the hackers stole NEM coins worth $400 million dollars.
All coins stored on the exchanges can be stolen... so it is wise to store in your own wallet.
But coins stored in the wallet can also be hacked if you are not careful with your private keys or the security of your laptop.
I advise using a hardware wallet and lock in a safe.
Anyway the most recent big hack was on coincheck in japan and the hackers stole NEM coins worth $400 million dollars.
All coins stored on the exchanges can be stolen... so it is wise to store in your own wallet.
But coins stored in the wallet can also be hacked if you are not careful with your private keys or the security of your laptop.
I advise using a hardware wallet and lock in a safe.
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 also think, all the tokens and coins are converted to BTC and then transfer using BTC. That is the best way for a Token to have a value. Unlike when you hack all tokens, you will need all kinds of Wallet in order to store them.
It’s better to got not much coins on exchanges, I just got some money to trade there but all my other longterm coins are stored in a wallet, funds on exchanges never 100% save
Its an interesting thread here, and I have a lot of friends who lost tons of NANO from the Bitgrail exchange. I think everyone should read this article explaining what happened so they can protect themselves in the future.
Always store offline if you can!
http://fortune.com/2018/02/11/bitgrail-cryptocurrency-claims-hack/
Always store offline if you can!
http://fortune.com/2018/02/11/bitgrail-cryptocurrency-claims-hack/
Maybe It will happen. Do not put all the eggs together in one basket
Coin got hacked that do not affect us.
Coin got hacked that do not affect us.
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.
You can not say that before the hack. Look at Bitgrail hack:Only NANO coins disappeared. All the other assets should be safe according to statement of Francesco the Bomber.
That is the main reason you need to keep your crypto assets on paper wallets and keep the private keys private. A paper wallet is unhackable in terms of online hacking. Keep it safe though. I would suggest taking/tearing the last letter out and memorizing it.
You can take a look at the largest exchange at the time Mt. Gox which was hacked in 2011 and continued to behave erratically until 2014.
https://en.wikipedia.org/wiki/Mt._Gox
The people who lost their Bitcoin on the exchange settled for $480 per BTC while the CEO gets to keep the Bitcoin.
https://news.bitcoin.com/winner-mt-gox-trial-mark-karpeles/
https://en.wikipedia.org/wiki/Mt._Gox
The people who lost their Bitcoin on the exchange settled for $480 per BTC while the CEO gets to keep the Bitcoin.
https://news.bitcoin.com/winner-mt-gox-trial-mark-karpeles/
If a big exchange hacked, very big and bad things happen. Such as the passing of people's identity information to hackers, the theft of coins, etc., take the crypto money world too far back. People's trust is over and no one wants to invest
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