Topic: List of cryptocurrency exchange hacks - page 3. (Read 1342 times)
Exactly! Correct you said. Storing funds on exchange is never safe because anytime without any notice it can be hacked.Even some exchange retreat from their service. It's remainds me name of IDAX Last year was exits. So best oftion is holding your crypto is your own personal offline dcentralized wallet.
The exchange hacks list has been updated.
Has Okex been attacked before? Why have I never heard of this news, have I missed it. Okex is a leading exchange in this market and I also often use it to buy some altcoins. If it is really hacked, I feel scared of the exchanges in this market Code:
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DragonEx
OKEX
EtherDelta
DragonEx
OKEX
EtherDelta
Exchange is no better place where you can store your coins for longer because every year there is an exchange hack. However, if you want to store any coins for longer days then you need must choose of guaranteed wallet. Here in the crypto market have many wallets so you can choice a popular strong secority wallet.
Every single year many exchnages was hack and that is not good because the traders funds is in danger and earning money is not easy and the hacker will get the money so fast that is not reañly good for them . This year I want that I cannot see any exchnages that being hack .
The exchange hacks list has been updated.
Code:
Added in list:
DragonEx
OKEX
EtherDelta
DragonEx
OKEX
EtherDelta
~snip
@OP, I want to suggest that you reorganize the thread so that recent hacks come last not first. Like top to bottom. Not bottom to top.
I agree with you, but I think the latest one should be top on of list, If anyone else thinks that @nelson4lov is right, then I will definitely do this. @OP, I want to suggest that you reorganize the thread so that recent hacks come last not first. Like top to bottom. Not bottom to top.
At this point, I think it's safe to say that no exchange is safe from breaches and hacks. Even Bitmex gets hack controversies here and there. Binance too. The only good thing with them is that they have a SAFU funds in place to compensate for lost funds. I know people who lost quite a lot during the cryptopia hack over a year ago. That said, I think it's best to have minimal funds on exchanges at any point in time.
@OP, I want to suggest that you reorganize the thread so that recent hacks come last not first. Like top to bottom. Not bottom to top.
@OP, I want to suggest that you reorganize the thread so that recent hacks come last not first. Like top to bottom. Not bottom to top.
According to the list, Bithumb Exchange has the weakest security, since the exchange was hacked 3 times and totally had lost the biggest amount (if we dont count Mt.Gox). Despite all this, the exchange still works... I wonder who has so much trust to Bithumb and why choose to trade there?
I believe the exchange is has got good insurance, else, such number of hacks is enough to make it run bankrupt and I guess those who lost fund initially have got a replacement.
However, you never can tell if there will be a serious hack, which will take the exchnage to a point of no return and that is why keeping one's fund on exchnage is not advisable.
When Binance was hacked, it was then I knew no exchange can escape it and the only precaution is to save most fund sin private wallet, most especially hardware wallet.
every exchange that claims to have very good security certainly still has a gap to be entered by hackers and for that do not ever put your assets in any exchange, hackers are still hanging around and still trying to steal at some exchanges
According to the list, Bithumb Exchange has the weakest security, since the exchange was hacked 3 times and totally had lost the biggest amount (if we dont count Mt.Gox). Despite all this, the exchange still works... I wonder who has so much trust to Bithumb and why choose to trade there?
It's almost better for save our money in hardware wallet and some strong security wallet( erc20, trust wallet, coinbase) although some wallet will give good safty. Therefore, don't save your money in any exchange wallet then it's your own risk.
There is always risk, however most of them using bypases or work in a legal gray area and this exposes users to great risks. By obtaining all the necessary licenses and adapting the infrastructure to the requirements of the regulators, exchanges will ensure both business security and reliable access to different forms of pay-in and pay-out on the platforms. Great market for that is Thaland since they are one of the few countries which have adopted all the necessary crypto regulations in 2019, including issuing security tokens, both for trading with STO and for issuing the STO, Digital Asset Business License, License for Cryptocurrency Broker, License for Cryptocurrency Dealer, and Cryptocurrency Exchange license by the Thai Ministry of Finance. working with relevant authorities including the Bank of Thailand, and the Securities and Exchange Commission, will uphold the law and maintain maximum quality of service for crypto users. Hope other countries will also follow up with regulating crypto market.
Regards,
Denis Lukavačkić
The regulation provides some security against scammers, but not against hackers
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my eyes hurt seeing the number of stolen assets. Well, if there is a hacker who escaped from the chase, I think the Hacker has become rich now. other than that, every year there are always exchangers who are hacked, and I hope the exchange where I put my assets doesn't experience the same thing. Well, MT. Gox makes me interested. I don't know enough bitcoin assets were stolen there. unfortunately, the price of bitcoin at the time seemed to be less than $ 2k.
Crypto exchanges are not intended to store assets there. It's not just a hack problem, you don't have private keys there. No private keys, assets is not yours.
I'm stay away from crypto almost 1year, the biggest hack last time ive heard is binance, when i read this ive got shock to know Altsbit Exchange, the exchanger ive never heard lost so many crypto in February, thats why i always avoiding saving fund more than a month in exchanger, for me its better to spend some for transaction fee rather than losing all in case the exchanger got hacked
If you heard about the hacking of Binance, you should also have heard that user funds were not damaged or were compensated, which makes the exchange a more reliable place to store cryptocurrencies than the rest. Not every exchange is able to afford to lose so much money and so skillfully restore them. By the way, there are questions whether this was really a hack.
Hackers are getting smarter and smarter. Thats can be dangerous
Thanks for statistic
Thanks for statistic
Honestly, it all depends on how well the exchange is dealing with these hacks that matters the most and not IF they got hacked or not.
For example, if one exchange gets hacked and because of that they close shop and do not pay anyone their money back, that is bad, we all know that, however if one exchange gets hacked but still pays everyone their money and covers the expense of being hacked from their own pockets, that is not really all that horrible. This is why I think being hacked could even be more of an advantage to an exchange instead of a curse if they can handle it very well.
Binance reversed a hacking to something great for example, those dudes got hacked but then paid out of pocket and now people love them even more, so they turned it into good marketing.
For example, if one exchange gets hacked and because of that they close shop and do not pay anyone their money back, that is bad, we all know that, however if one exchange gets hacked but still pays everyone their money and covers the expense of being hacked from their own pockets, that is not really all that horrible. This is why I think being hacked could even be more of an advantage to an exchange instead of a curse if they can handle it very well.
Binance reversed a hacking to something great for example, those dudes got hacked but then paid out of pocket and now people love them even more, so they turned it into good marketing.
I'm stay away from crypto almost 1year, the biggest hack last time ive heard is binance, when i read this ive got shock to know Altsbit Exchange, the exchanger ive never heard lost so many crypto in February, thats why i always avoiding saving fund more than a month in exchanger, for me its better to spend some for transaction fee rather than losing all in case the exchanger got hacked
Great list.
But real question is how many of this exchanges conveniently lost their funds because of tax purposes or simply because they shady?
Any simply exit scammed leaving poor noobs without funds.
One of them was actually hacked, but some exchanged an Exit scam and blamed the hacker. And those are the small exchanges in this market, if all of them were hacked then I think exchange is not safe enough for us to use and hold cryptocurrency there.But real question is how many of this exchanges conveniently lost their funds because of tax purposes or simply because they shady?
Any simply exit scammed leaving poor noobs without funds.
Great list.
But real question is how many of this exchanges conveniently lost their funds because of tax purposes or simply because they shady?
Any simply exit scammed leaving poor noobs without funds.
One of them was actually hacked, but some exchanged an Exit scam and blamed the hacker. And those are the small exchanges in this market, if all of them were hacked then I think exchange is not safe enough for us to use and hold cryptocurrency there.But real question is how many of this exchanges conveniently lost their funds because of tax purposes or simply because they shady?
Any simply exit scammed leaving poor noobs without funds.
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