Topic: More than USD 1.5 bln has been stolen from exchanges. Here’s a recap - page 2. (Read 564 times)
January 20, 2019, 03:03:09 PM
I really wish that the latest hack in Cryptopia is more than enough to tell people not to store their altcoins in exchanges. Even Binance is an exception to that, I would still put it in a hardware wallet if I have a lot of bitcoins. Don't be lazy people and do your own responsibility.
January 20, 2019, 02:33:03 PM
More than 90% of the exchange hacks turned out to be inside jobs. However, there is one noticeable exception - Mt Gox. The Gox funds were stolen by Russian gangsters led by Alexander Vinnik (according to the FBI).
January 20, 2019, 09:23:27 AM
That is why we need to push for a better regulation when it comes to the whole cryptocurrency industry. I know a lot of people here still don't want to connect the industry to the government but it is the only way to move forward, these crypto exchange companies cannot protect our person security on their own and the government has their right to protect their own citizen's well being. If you want for mass adoption to happen without this scams continuing we need to support the government to improve the industry not protest against them interfering.
I don't see an advantage in this, if funds are stolen they are lost anyways. Regulation can't get back hacked funds and hackers will always find a way to trick exchanges and getting them hacked. It's just a normal security issue everyone should be well aware of. Also governments get hacked. Best solution is to store as little funds as possible on an exchange wallet and store coins offline in a safer wallet. The high number of hacks to famous exchanges has shown that exchanges are not suitable for storing funds.
January 20, 2019, 08:56:14 AM
That is why we need to push for a better regulation when it comes to the whole cryptocurrency industry. I know a lot of people here still don't want to connect the industry to the government but it is the only way to move forward, these crypto exchange companies cannot protect our person security on their own and the government has their right to protect their own citizen's well being. If you want for mass adoption to happen without this scams continuing we need to support the government to improve the industry not protest against them interfering.
I don't see an advantage in this, if funds are stolen they are lost anyways. Regulation can't get back hacked funds and hackers will always find a way to trick exchanges and getting them hacked. It's just a normal security issue everyone should be well aware of. Also governments get hacked. Best solution is to store as little funds as possible on an exchange wallet and store coins offline in a safer wallet. The high number of hacks to famous exchanges has shown that exchanges are not suitable for storing funds.
January 20, 2019, 07:29:38 AM
DEX can solve this problem?
Yes it can be the best solution for the exchange hacks since in DEXs people are in control of their exchange's wallet so they are responsible for whatever happen with their funds because they are going to have their private keys.This is not always correct.
Even for DEX you need to deposit your tokens with their smart-contract and if somebody find an error there, you are screwed like in every other exchange. But I'm curious about the new EOS DEX which is coming in next month. Maybe they will offer something new as a solution.
what feature of EOS DEX is better than other DEX?
January 19, 2019, 04:59:21 PM
I wonder how many btc total have been hacked? That would also be interesting. the slightly less than 500m mt. gox is still by far the most significant because it was so many more btc than the biggest dollar amount hack that was in early 2018.
January 19, 2019, 04:14:55 PM
That is why we need to push for a better regulation when it comes to the whole cryptocurrency industry. I know a lot of people here still don't want to connect the industry to the government but it is the only way to move forward, these crypto exchange companies cannot protect our person security on their own and the government has their right to protect their own citizen's well being. If you want for mass adoption to happen without this scams continuing we need to support the government to improve the industry not protest against them interfering.
I don't see an advantage in this, if funds are stolen they are lost anyways. Regulation can't get back hacked funds and hackers will always find a way to trick exchanges and getting them hacked. It's just a normal security issue everyone should be well aware of. Also governments get hacked. Best solution is to store as little funds as possible on an exchange wallet and store coins offline in a safer wallet. The high number of hacks to famous exchanges has shown that exchanges are not suitable for storing funds.
January 19, 2019, 01:31:13 PM
That is why we need to push for a better regulation when it comes to the whole cryptocurrency industry. I know a lot of people here still don't want to connect the industry to the government but it is the only way to move forward, these crypto exchange companies cannot protect our person security on their own and the government has their right to protect their own citizen's well being. If you want for mass adoption to happen without this scams continuing we need to support the government to improve the industry not protest against them interfering.
January 19, 2019, 12:51:57 PM
It is very sad to see so many popular exchanges in this list.
These hacks also made a negative impact on the market cap of the cryptocurrency market and made people more cautious and frightened of investing money in this market. The best way to save your funds is not hodling them in the exchanges but what is the best solution when you are trading? You need to keep them there so as to act in time. This is one of the reasons that I don't trade and I try to make long-term decisions.
These hacks also made a negative impact on the market cap of the cryptocurrency market and made people more cautious and frightened of investing money in this market. The best way to save your funds is not hodling them in the exchanges but what is the best solution when you are trading? You need to keep them there so as to act in time. This is one of the reasons that I don't trade and I try to make long-term decisions.
January 19, 2019, 08:43:44 AM
Okay then that is wrong rate, you should rate it based on the time when each cases happen. By the way bitcoin or blockchain can't be blame for this security breaches. The one who should be blamed is the hackers, hackers can hack bank as well so cybercrime should be stopped by the law enforcement. I hope cryptopia team could solve this problem immediately.
they always look for loopholes to enter and seize everything that can be taken. although with a high level of security, they seemed reluctant to give up on finding their way. therefore do not put assets on one exchange, because the risk will be greater, spread into several exchanges of our assets to reduce risk January 19, 2019, 07:57:58 AM
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Personally i feel exchanges need to be regulated with KYC and AML compliance. I hope they find these criminals to get back the stolen funds.
https://www.plaak.com/
https://www.instagram.com/p/BsvaRFhnwnv/?utm_source=ig_twitter_share&igshid=l5rwytv5b65u …
Personally i feel exchanges need to be regulated with KYC and AML compliance. I hope they find these criminals to get back the stolen funds.
https://www.plaak.com/
Even KYC and AML can be faked by the hackers, because when they can hack the exchange what is the big deal in faking the documents and create a new account in exchanges and then hack it. So in real their is no big security which cannot be defended. It will take time to hack the exchange but it can be done. That is why it is not good to keep your coins in exchange if you are not trading daily. Even then you are insecure in any way.
January 19, 2019, 07:41:07 AM
The funds stolen on Cryptopia seem to have been found and frozen on Binance.
January 19, 2019, 07:19:23 AM
Okay then that is wrong rate, you should rate it based on the time when each cases happen. By the way bitcoin or blockchain can't be blame for this security breaches. The one who should be blamed is the hackers, hackers can hack bank as well so cybercrime should be stopped by the law enforcement. I hope cryptopia team could solve this problem immediately.
January 19, 2019, 07:11:19 AM
DEX can solve this problem?
Yes it can be the best solution for the exchange hacks since in DEXs people are in control of their exchange's wallet so they are responsible for whatever happen with their funds because they are going to have their private keys.This is not always correct.
Even for DEX you need to deposit your tokens with their smart-contract and if somebody find an error there, you are screwed like in every other exchange. But I'm curious about the new EOS DEX which is coming in next month. Maybe they will offer something new as a solution.
January 18, 2019, 12:20:24 PM
DEX can solve this problem?
Yes it can be the best solution for the exchange hacks since in DEXs people are in control of their exchange's wallet so they are responsible for whatever happen with their funds because they are going to have their private keys. January 18, 2019, 11:52:16 AM
Cryptopia needs to be resolved, it is a proper exchange with a new zealand license. They should store enough in cold storage to cover any losses via hacks, clearly they failed and now rely on other exchanges like binance to freeze them
January 18, 2019, 11:49:07 AM
Interesting to see how even with those numbers, centralized exchanges still rule the market while DEXs (decentralized exchanges) are yet to reach mainstream status. You would think that by now DEX would be at least competing head-to-head with the big exchanges but only a minority of the crypto users actually use DEX, I guess the low liquidity is an issue, but that should be the price to pay for having to trade in a decentralized exchange.
January 18, 2019, 11:37:37 AM
I lost “significant” for me amount of the last Cryptopia hack. I don't know how can somebody hack something more than the hot wallets without internal help. So those investigation always need to look for inner man first, but unfortunately most of the time police is not competent enough to do this job.
Let;s hope for some positive resolution of the Cryptopia case...
Let;s hope for some positive resolution of the Cryptopia case...
January 18, 2019, 10:32:44 AM
Sounds like a lot but how much money are banks and wall street stealing from the common people? Banks are making billions off overdraft fees alone. Throw in a good amount of insider trading and fraud from Wall STreet and crypto thefts pale in comparison. P.S. I think most of these crypto hacks are inside jobs and not really from hackers.
Banks are the greatest scammer of all time, but this kind of situation should not be tolerated in cryptoworld no matter the what value of this. Yes, its possible that its an inside job and if this continue until the next generation, for sure cryptomarket will just become more like banks. 
January 18, 2019, 09:47:40 AM
All of these hacks are synonymous with centralized exchanges and not a direct breach of the bitcoin network, which has only been flawed once in history. The flaw was quickly corrected and the generated coins reversed.
The security of your assets lies with the holder, avoid exchanges, except during active trades. Do not use an exchange wallet to store funds.
The security of your assets lies with the holder, avoid exchanges, except during active trades. Do not use an exchange wallet to store funds.
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