Of course, like everything in crypto these things can happen, but I would rather be safe and not have anything happen to my own coins. This is more in terms of security because I feel like it can happen with exchanges and their crypto wallets. No matter what anyone will say I still don't have confidence in these large exchanges and would rather have my own wallet that I can control my funds.
Topic: Not all hacked on exchanges are real - page 4. (Read 427 times)
We could keep arguing wether if a hack on an exchange is real or not, but it won't change a thing because millions of people has felt the wrath of being affected when an exchange got hacked. Well, if they have stuck to the rules all these would not have happened.
As a Crypto enthusiast or someone into Crypto, you will know it's not wise to keep your funds in an exchange wallet, rather is best to put all your funds in your personal exchange where you have your own private security on it
As a Crypto enthusiast or someone into Crypto, you will know it's not wise to keep your funds in an exchange wallet, rather is best to put all your funds in your personal exchange where you have your own private security on it
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Some rumors said that the hacking incident in Binance years ago was part of the plan to execute their way of recovering their client funds and make everyone invest in them at ease without worrying about their funds getting hacked anymore. So Yes! things like that in crypto exchanges are happening and there are some exchanges that fake their hacking incident to disappear and run away along with the funds of their users. That's why everyone is recommending us to buy our own hard wallet to meet our crypto assets safe with us.
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Yeah, that's our speculation that there's an inside job.But there's no need to think about it if the exchange has been dropped off a lot with their losses through that breach. And why would another exchange will help a hack, a loss that has happened to the others?
They should be prepared to any possibility if it's related to their funds. They should have a safe for which they will use upon experiencing it but hopefully, won't happen to all of them.
OP didn't say "all" hacked exchanges are fake, of course there are some which are true and I am sure OP is not against that. The fact however stands that some of them are fake, and some of them just take your money and say that they were hacked and get away.
These days it's hard to be a brand new exchange, between all the known and preferred places being at the top and picked by everyone, plus the DEX places called swaps that get no trust required at all, it's rare to see exchanges exit scam but it's still there. Hell, we literally had a netflix docuseries regarding this topic as well, some exchange which suddenly kept everyone's money because owner "died".
These days it's hard to be a brand new exchange, between all the known and preferred places being at the top and picked by everyone, plus the DEX places called swaps that get no trust required at all, it's rare to see exchanges exit scam but it's still there. Hell, we literally had a netflix docuseries regarding this topic as well, some exchange which suddenly kept everyone's money because owner "died".
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
This is something that I have always suspected, without a doubt hackers are very capable of stealing from centralized exchanges or from coins which have holes on their smart contract, however it is also very possible that a number of those supposed hacks were instead inside jobs so the developers could blame someone else while at the same time they try to appear as the victims when they are the perpetrators of the crime, however it is not possible to know how frequently something like this happens and we can only speculate about how common something like this really is. 
hindsight bias.
as exchange manager works on manipulation of data and information there laid of identification with the investors/trader opinion, voting behavior with the reference of structural and cultural study with investors absence, and more of different interest group as working on appeals as measuring phenomenon with the field of business of the crypto finance.
that manager might gives of message of anchoring on returns with the consequence as public might believes the intelligence on release from the fundamental institution to gives with the consequence on public of investors as moving on direction with the initials as they finished with the study.
as exchange manager works on manipulation of data and information there laid of identification with the investors/trader opinion, voting behavior with the reference of structural and cultural study with investors absence, and more of different interest group as working on appeals as measuring phenomenon with the field of business of the crypto finance.
that manager might gives of message of anchoring on returns with the consequence as public might believes the intelligence on release from the fundamental institution to gives with the consequence on public of investors as moving on direction with the initials as they finished with the study.
I think that cases of assets being stolen from exchanges have become a common thing in the public and are not a public secret anymore because until now there are still many people who are affected by cases like this because perhaps it is from the exchange that it is starting to look difficult to make withdrawals or find it difficult to get them. access. So in my opinion the safest place to store your assets for a very long time then you can use a trust wallet, blockchain or other wallet that you can monitor at any time.
This is true that all the hacking on exchanges aren't real. Because sometimes when they think about stealing funds or when any project want to scam they announce that they have been hacked. Its a trap from scammers.
We will never know the truth even if such is happening underneath, I am standing on the fact that I get my money or assets back if a hack takes place on the exchange that I am currently using, other problems is none of my business, this is why I trust binance exchange even more.
I believe it does happen but the problem is we don't have proof to back it up. It's all just speculation.
It happens, not even a rare thing. If an exchange want or a centralized wallet want out they can make reasons to do it in an evil way. But they are questioned when they do it, they cannot just get away easily especially if they have an office in a country that is strict with this kind of rules. i.e. Singapore.
Why? Admitting Bankruptcy will make them lose more instead of gaining while trying to get away with a reason of being hacked may give them a profitable chance.
It happens, not even a rare thing. If an exchange want or a centralized wallet want out they can make reasons to do it in an evil way. But they are questioned when they do it, they cannot just get away easily especially if they have an office in a country that is strict with this kind of rules. i.e. Singapore.
Why? Admitting Bankruptcy will make them lose more instead of gaining while trying to get away with a reason of being hacked may give them a profitable chance.
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
It is hard to determine which is a true hack or which was a planned / coordinated / man made hack by which separate exchange platform use as excuse to exit scam. Either true or fake, this lay more emphasis on why you should not keep or store your assets on centralized platforms. Get yourself a paper wallet; move your funds, trade, take profits, move them back to wallet after trade, rinse and repeat. The blockchain has zero emotions, so ensure you do the right things
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
It is hard to determine which is a true hack or which was a planned / coordinated / man made hack by which separate exchange platform use as excuse to exit scam. Either true or fake, this lay more emphasis on why you should not keep or store your assets on centralized platforms. Get yourself a paper wallet; move your funds, trade, take profits, move them back to wallet after trade, rinse and repeat. The blockchain has zero emotions, so ensure you do the right things
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
There is a probability some hack are inside job (just a probability and not a fact) since you can't prove the hack was aided. But sometimes if you look at the scenario surrounding some of the hacks that has happened, some are questionable, how easy it was for the hackers and sometimes some of the culprits are never caught.
The frequent occurrence of exchange hacks is enough to make people wonder and question the truth behind them. Definitely very fishy. Either the exchange itself or some disgruntled staff or an unjustly fired ex-staff wants to sabotage the success of the exchange
This conspiracy theory is quite plausible and may possibly be true in some cases. About other exchanges helping, well I guess every man for himself? I don't know. What's sure though is that when exchange hacks happen a lot of people get affected specially newbies because most of the newbies make exchanges as wallets and keep majority of their funds in those exchanges. Heck, if exchange addresses accept altcoins the way normal wallets custodial/noncustodial would, I bet they'd opt for an exchange rather than a safe wallet.
It could mean they are the ones robbing their own and put on a show that they were hacked. When they report like this, they should provide proof that they were hacked and how the hackers got in. This kind of gray part because revealing these loophole will ruin the reputation of the exchange and the dev team exposing their faults.
I have that in mind when Poly Network was hacked which the hacker gave back the amount, its quite interesting how one hacker who got the chance of his life to live not as nerdy as people would think he is, gave away the fortune. And one would think its an inside gimmick for marketing.
This conspiracy theory is quite plausible and may possibly be true in some cases. About other exchanges helping, well I guess every man for himself? I don't know. What's sure though is that when exchange hacks happen a lot of people get affected specially newbies because most of the newbies make exchanges as wallets and keep majority of their funds in those exchanges. Heck, if exchange addresses accept altcoins the way normal wallets custodial/noncustodial would, I bet they'd opt for an exchange rather than a safe wallet.
I've never thought of this before, but what you're saying may be true. Usually nowadays hackers happen because of user negligence, if it is looking for loopholes from within the system itself of course it will be very difficult if they never work there, it takes a long time even with the existing security it shouldn't be completely hackable if they come from outsider.
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
So far as long as I have been in crypto, no one has been able to prove that the exchange was hacked, let alone the absence of evidence that can be used as an accurate source, of course someone has tried to do so, because there are indeed a lot of hackers now who have the ability to do this, but is it possible? they do that, actually I doubt this is done by them, so be careful in exchanges that don't have a strong security system, maybe this is a form of their hands off for people who use the exchange 
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Any exchange can perfectly legally take money from its clients, because its team sees all the positions of traders and can trade perfectly. If the exchange has futures, then this is a very easy way to start earning millions of dollars. Why would an exchange initiate a hacker attack? legendary
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I know that and i have been seeing so many hacked cases happened. The problem is when people keep getting trapped into the same thing again over and over. As you can see that so many people didn't even know about the truth. it's hard to predict whether that would be an inside job or not. So many times people were calling it as an inside job but again you need to prove it.
AFAIK the exchange site was not also so transparent to the its users or even investors. So, it's very hard to predict whether that was an inside job or not even when we believe that was an inside job but the none knows about the truth.
AFAIK the exchange site was not also so transparent to the its users or even investors. So, it's very hard to predict whether that was an inside job or not even when we believe that was an inside job but the none knows about the truth.
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