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.
Of course it will disappear. It depends on what info was stolen. But in my opinion, most of exchange hacks are not real, just owner takes customers money. But it is just my point. 
Topic: If an exchange gets hacked - page 8. (Read 2377 times)
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 depends on exchange's situation,if their system is f*cked up with the hackers,morelikely you will lose everything thats why we dont store our holdings in exchanges.
The concept of the blockchain is that everything is decentralized which means that the transactions cannot be followed, you can't really know who's behind the hack.
So I think the best thing to do to avoid stories that touch is..
* don't use an exchange wallet as a savings wallet
* trade with the big reputable exchanges on the high volume trade
* also be updated on wats going on in the crypto world.
So I think the best thing to do to avoid stories that touch is..
* don't use an exchange wallet as a savings wallet
* trade with the big reputable exchanges on the high volume trade
* also be updated on wats going on in the crypto 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.
Hackers that go after exchange sites don't leave stones unturned as they go after everything they can get. Exchange site that have been hacked in the past, its not only btc that is being traded on such site that gets affected, its the entire exchange that is compromised and that most times brings to the end of such site depending on the amount of damage the hack is causing. The truth of it is that, keep your funds yourself to avoid stories that touch because exchange sites are subject of targets everyday.
I always think this when i put my btcs in exchanges,they are lost already to give you a mindset to be vigillant in each and every time.
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.
Definitely it depends on how good and well trained the hackers and they can actually hack the whole system without leaving any token. That's why never leave any coins in exchanges as they're not liable to any tokens that stolen to you, you gonna be a crying child later on.
Just remember don't store big amount fund in any exchange , transfer all your cryptocurrency to hardware wallet or desktop wallet (make sure computer don't have infected virus) , exchange don't recover user fund if it's gets hacked
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.
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 think every user of cryptocurrency should always have at the back of their mind that inspite of the expectations of high returns of crypto there is a high level of risk involved and therefore there is need to expect the worst to happen and should be prepared for it.
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 depends on how the people in those Bitcoin Exchanges build their systems. All hacks are usually done as an inside job. 
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 think even if there are measures to find or at least track those lost coins through hacked exchanges, it would be very difficult because it's actually one of the features of the cryptocurrency market. It is very private with its transactions, and there is no paper trail that a person could follow to find the dealing made by a person with another. With that said, I think the most important aspect of dealing your with other people or other entities is to be secure with the information that you need to have and give in order for the transaction to push through. I think if you would be extra careful with them, then you would decrease the risk of your transactions being at risk, more so hacked.
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 think the simplest way to deal with this circumstance that is really inevitable by any crypto exchange is that you should never put your coins their. In my case, i only put my coins on crypto exchange from my MEW if only i sell a particular crypto. So all of my coins are being kept in MEW and transfer it only to crypto exchange when needed.
In the case of Etherdelta, putting one's private and public key is quite dangerous because you are giving hackers the key to directly access your wallet.
I think if an exchange gets hacked, everything is affected so most probably btc and altcoins gets hacked too. Depending on their policy they could only be able to return a percentage of your investment if this happens just like what happened to South Korea's Youbit recently. So hacking is a major challenge on businesses built in the internet, we are not really safe and I think could never be.
I think that if the problem is likely to trouble everyone, so it could cause prolonged problems and the possibility of many people taking action and most likely will cause serious problems.
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 all depends on type of the exchange you know, some will try to make it up for users, thing what poloniex did when they got hacked, and some will dissappear simply by claiming to be hacked and even if they weren't hacked at all. This is why many many people will advise you to keep your coins off the exchanges and to go on exchanges and trade only when you need to.
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.
Lol, it is damn demotivated thought to trading investors. We need to know all the trading site are hackable. If the hackers attacked to the any concern wallet will not be stop before they are attack or after that. Everyone will have to face the condition like how nice hash investor faced the same thing you will also with the trading hack too.
Yeah, so right after you buy your cryptocurrency, convert it to BTC or ETH and send it to a paper wallet.
Make a couple of copies and place them in different buildings.
Tear out the very last letter of your private key and memorize it so if someone finds it, they cannot steal your money.
There you go, it cannot be hacked or stolen unless they find your paper wallets in your house and then kidnap and torture you or something.
Make a couple of copies and place them in different buildings.
Tear out the very last letter of your private key and memorize it so if someone finds it, they cannot steal your money.
There you go, it cannot be hacked or stolen unless they find your paper wallets in your house and then kidnap and torture you or something.
When it is hacked it means at the least the hot wallets are compromised so a big chunk will be lost.
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.
All cryptocurrencies stolen by hackers from the exchange will be lost and usually exchange will go bankrupt if they experience it
Blockchain can not be hacked but the value or product it generates can't be stored safely and can be hacked and stolen. Such a contrast.
Such hacks impact the blockchain ecosystem.
No exchange today is hack proof. We need a new breed of exchange. Neither centralized nor decentralized.
Such hacks impact the blockchain ecosystem.
No exchange today is hack proof. We need a new breed of exchange. Neither centralized nor decentralized.
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