Topic: IS IT TRUE THAT CYRPTOWORLD IS PRUNE TO HACKERS? - page 3. (Read 968 times)
Mainly it’s not true also this types of news have enough value based on this it’s really impossible to hack this crypto market based on this situations it can be but it’s possible with wallet or other but not in this market also few days ago news was different case.
The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
actually the role of hackers in cryptocurrency is also important because they also need bitcoins to make transactions. I do not think hackers ever hack into an exchange, if hackers hack on one of those crypto exchanges, it means there is an irregularity or something wrong in the exchange. My perspective is like that. I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
I agree with this fact that the hackers increases when the market condition is good. As the market contains more money at that time for this reason the hackers do target a lot. For this reason carefulness has no alternative. You must have to be careful while doing transactions and keep the wallet offline after the transactions are done.
Everything that is online can be hacked. There is various measures that can be taken to stop the fraud and hacking event.
Website also get hacked but with passing time security is enhanced, system make more robust.
But here in crypto world anonymousity is taken so much precedence that you do not know is hack claims are really true or not.
Since field is not regulated by government as such , even known owners has no incentive to spend in security.
System hacked or not hacked, they are taking their profits and I did not hear any high level executive went to jail because of negligence in security aspects.
Website also get hacked but with passing time security is enhanced, system make more robust.
But here in crypto world anonymousity is taken so much precedence that you do not know is hack claims are really true or not.
Since field is not regulated by government as such , even known owners has no incentive to spend in security.
System hacked or not hacked, they are taking their profits and I did not hear any high level executive went to jail because of negligence in security aspects.
I have to admit that I have read a thread saying an ICO was hacked and lost all of their investments.The manager is the one responsible in returning the money of the investors which is worth 1million. this kind of things might leave a big wound to bitcoin especially that it is known for its blockchain technology.
bitcoin earns a massive rate of popularity among the users because of their facilities but the problem is that eventually it attract the hackers as well , that's doesn't mean if you have bitcoin you will definitely face this problem it can only happenes if you stay careless about your wallet security.
The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
Of course when we say money, it is too powerful and me, you or us want an easy money that can get more easily. They not think on what happen if they got your money because he didn't know you when they got it. In every advantage, there are disadvantage to get better life because they are no scammers when they can't scam anyone, so please be careful because when the scammer they get hard, it don't do it but there are a chance that they change they plan.
We cannot eliminate scam but we can reduce it.
I think it will be hard to avoid hacking. Avoiding hacking is tantamount to avoiding theft in the real world, even if the security forces catch a thief there will be another thief who commits a crime.
Considering the recent incidences, yes it is true hackers primary target has been shifted towards cryptocurrency holders and exchange platforms. We can probably be safe by beend extra careful which site we enter our details like private key and the rest. We also need to activate all the security measures with a particular wallet to keep our funds safe
The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
It is not that if you own a Bitcoin or cryptocurrency, you are already prone from hacking. It will always depends on how you handle or secure your cryptocurrencies, if you are careless then there's a huge chance that you will get hacked. So what can be the solution? Since we cannot stop hackers, what we can do is to learn how to protect our investments by our own, do not trust any third party services to do it for you, like leaving your coins on exchanges because exchanges are the primary targets of hackers because they hold huge amount of different cryptocurrencies and even exchanges have good securities, there is no perfect system and all has its vulnerabilities. So what you can do to make your coins safe is to hold it by your own. I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
I agreed partly. If you look at the current situation, so many exchanges have been hacked and traders have a lost a lot.
Yes but there are many reasons why their crypto getting hack and one of it is the frequent accessing on their digital wallet where hackers could phished out their private key and wallet address. Aside from that there are fraudsters also claiming to be an admin or marketing officer offering good things in return to submit a form which ask for private key and they already phished out by the hackers.
The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
There's no perfect solution to the problem. In the age of cryptocurrency, hard drives and personal computers have become the new bank vaults. And our real-world knowledge of protecting money from theft is not enough in the virtual world.
Sad to say but yeah it is true, it's just there are some people doing illegal stuff here in cryptoworld not just hacking, there are many kinds of evil doings here like scams, using Bitcoin to buy some drugs and othersstuff like that. But hacking is the most popular one. Like me earlier i have visited again another myetherwallet phishing site, luckily i did not give any private key cause i felt there is something wrong about that site and yes i am right, my friend confirmed to me that it was a phishing site. Lesson learned again 
, and the best way to counter those hackers is to become vigilant.
, and the best way to counter those hackers is to become vigilant.
All internet stuff are prone to hackers. Not even just cryptocurrency but also social media accounts, bank accounts and also your car systems. Hackers are unbelievably frightening that even hackers can be hacked. So if you dont want to become a victim, keep yourself a private one.
I think not, all that is valuable to people is sure to be stolen even though it's not related to computers and technology.
It's not just limited to the Crypto world but any new invention has this threat. I believe that the only answer and solution for this issue is building mass awareness among the users to reduce the impact of hacker's efforts. Crypto and blockchain technology is strong at its core but the users are always vulnerable and to empower the users the flow of information must be strong and continuous. Bitcointalk is the best example of sharing information and helping the newbies to understand the whole thing. I have personally saved a huge amount of money just because I spent my time doing research before investing even a Satoshi.
The blockchain technology cannot be hacked and it's a decentralized system that's why it is very hard. Bitcoin too is hack proof. Major hacks have been happening in cryptocurrency because many people that don't study the technology went careless with their innovations. The hacks happen through third party websites. So it's best for people to understand how to protect themselves and avoid exposing their private keys to any how.
Crypto's are connected to the web, blockchain can't be penetrated by anyone but attackers can delay and spam it which causes it to slow down.
If you are not a good keeper of your details and you aren't checking URLs properly, you are the most prone person that can be hacked.
If you are not a good keeper of your details and you aren't checking URLs properly, you are the most prone person that can be hacked.
the "cryptoworld" is not prone to hacking. people are. and they have always been as soon as computers and the internet were invented and they started using them without educating themselves first. it is a bunch of simple security measures that if you follow you will be safe from all of the hacks and malicious attempts to rob you.
and it is not the reason for lack of investors. at least not the main reason. the main reason is all the FUD that is around in the media against bitcoin. when the public is bombarded with negative statements from famous people like Warren Buffet, Jaime Dimon,... constantly talking about bitcoin and attacking it, they won't feel safe naturally to buy bitcoin.
and it is not the reason for lack of investors. at least not the main reason. the main reason is all the FUD that is around in the media against bitcoin. when the public is bombarded with negative statements from famous people like Warren Buffet, Jaime Dimon,... constantly talking about bitcoin and attacking it, they won't feel safe naturally to buy bitcoin.
Jump to: