NOW is a good time for a hack! - page 2.

carlfebz2

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Quote from: pinoycash on January 03, 2017, 02:13:12 AM

Quote from: Senor.Bla on January 03, 2017, 02:03:01 AM

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

An attack.Hack can happen anytime regardless of the price. i doubt any big hacking incident will occur majority of this hack are inside job and not from the outside.

Thats what I believe too on which most hack incidents are made in the inside and they just make blame that it came from the outside on a hacker.We cant really know the truth behind those previous hacks that happened.The thing that is being mentioned on OP is very true and anytime we could able to witness that,infact I do pray that this ting wont happen so that we wont dip again on the price of bitcoin.

GMPoison

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Quote from: royalfestus on January 03, 2017, 11:16:00 PM

Quote from: Senor.Bla on January 03, 2017, 02:28:51 AM

Quote from: pinoycash on January 03, 2017, 02:13:12 AM

Quote from: Senor.Bla on January 03, 2017, 02:03:01 AM

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

An attack.Hack can happen anytime regardless of the price. i doubt any big hacking incident will occur majority of this hack are inside job and not from the outside.

Yes sure it can happen anytime and sure some or even many are some kind of inside jobs, but as a hacker you can choose the time of the hack and i just figured that a smart hacker would wait for a high price so his earnings are even bigger.

How can one differentiate between a inside job hack and a hack from outside in an exchange? Just as bitcoiner

Exactly, you can't. This is why Mark Karpelès was only sentenced to a year in prison, and he didn't even serve that.

royalfestus

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Quote from: Senor.Bla on January 03, 2017, 02:28:51 AM

Quote from: pinoycash on January 03, 2017, 02:13:12 AM

Quote from: Senor.Bla on January 03, 2017, 02:03:01 AM

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

An attack.Hack can happen anytime regardless of the price. i doubt any big hacking incident will occur majority of this hack are inside job and not from the outside.

Yes sure it can happen anytime and sure some or even many are some kind of inside jobs, but as a hacker you can choose the time of the hack and i just figured that a smart hacker would wait for a high price so his earnings are even bigger.

How can one differentiate between a inside job hack and a hack from outside in an exchange? Just as bitcoiner

U2

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I used to be indecisive, but now I'm not sure...

If you could hack bitcoins you would do it whenever you could because 1 bitcoin will always be 1 bitcoin. The price is really irrelevant when you're talking about hacking 10mil vs 100mil. Everyone wants that amount of money, only the very good hackers can ever hack that. If you waited for the price to go up to hack then they would have patched it because in the time between you finding it and the price going up would be someone else that found the security breach.

Shiroslullaby

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Quote from: shinratensei_ on January 03, 2017, 07:19:01 PM

Nope, The price increase isn't always good timing. They just try to hack if there is any bug from the site. They won't do that if they don't disclosing the bug by the site. They won't care about the price of bitcoin although it's free money in his perspective.

Exactly.
You will do reconnaissance, find your weakness, make your preparations, and strike.
The price of Bitcoin at the time will have nothing to do with it.
Unless, of course, the rise in price created some greater amount of transactions, or more traffic to the site which would help with your attack.

CyberKuro

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Quote from: Xester on January 03, 2017, 02:08:57 AM

Quote from: Senor.Bla on January 03, 2017, 02:03:01 AM

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

The possible reason why the hackers attack when the price of bitcoin is rising its because that is the time when there are many transactions occurring and the management of the sites were to busy accommodating the transactions of their client and leave a blind spot. And that is the time the hackers attack are unnoticed. And also possibly some sites steal bitcoins themselves and told their clients they were under attack by hackers. At this time it is easy to say it is inside job rather than it is being hacked. When a company declares that they are being hacked when bitcoins price was high is very fishy. This is just my opinion, but you are right in saying hackers activities are well planned.

Hackers need great preparation and time to get the big fish but you've a point that it could be come from a man inside.
And the first target must be other exchanges as big fish due to what had happened in the past.
When the price at this point, all platforms that holding big amount of bitcoin should be extra careful imo.
For me, I like to stay away from them just in case but hopefully there is nothing will happen relate to hackers or the price will fall down again.

bitcoindusts

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I think hacking occurs anytime. Hackers when find a glitch on any system never wait for the price of the item to increase to start hacking. They must act fast because the glitch may have been patch and they can't exploit the security weakness anymore. So regardless of when, hackers hack as soon as they found the way to hack the system.

GMPoison

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Quote from: shinratensei_ on January 03, 2017, 07:19:01 PM

Nope, The price increase isn't always good timing. They just try to hack if there is any bug from the site. They won't do that if they don't disclosing the bug by the site. They won't care about the price of bitcoin although it's free money in his perspective.

Exactly. Any hacker capable of getting into an online exchange would surely know that bitcoin had value long before this recent surge in price. It's not like it's all over the news all of the sudden either. Sure there is slightly more coverage on news networks, but not an extreme amount.

shinratensei_

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Nope, The price increase isn't always good timing. They just try to hack if there is any bug from the site. They won't do that if they don't disclosing the bug by the site. They won't care about the price of bitcoin although it's free money in his perspective.

uneng

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Yes, these are dangerous times, hackers are more greed than never to steal some bitcoins and make their illicitus profit. Some of them are very skilled and can invade some sites, like the exchanges.
The worse is that they never are caught and arrested. They are always anonymous, can steal everybody and vanish in the end.

Mike Mayor

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Haha I think it is right to think so. This is what happens. Bitcoin reaches a peak and then it goes back down because of a hack.
This is what happens when the big boys pump btc.

nara1892

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no doubt that it is a good time to hack a company that saves bitcoin or works on bitcoin. and then what? do you mean by posting this thread to invite hackers to hack a company or bitcoin or kind of Thing? why prefer to announce this thing instead of giving suggestion to secure bitcoins from hacker?

manselr

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Quote from: BitcoinBarrel on January 03, 2017, 01:54:37 PM

I think Hacking is more common with High BTC prices because the Hackers get desperate that they are "missing the boat". If they had any real business or skills to offer the world, they would be earning Bitcoin legitimately instead of risking JAIL for breaking the law.

The Bitfinex incident happened right when the bitcoin price was surging... then we bottomed all the way down to 450 dollars. Of course intelligent investors used that dip as an opportunity to load on more cheap BTC, but a lot of people aren't intelligent and will succumb to panic selling. I know a lot of guys that lost their bitcoins on that Bitfinex august drop and now they are with empty pockets looking at the 1000+ current price and hating themselves for selling at 450 ish..

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I think Hacking is more common with High BTC prices because the Hackers get desperate that they are "missing the boat". If they had any real business or skills to offer the world, they would be earning Bitcoin legitimately instead of risking JAIL for breaking the law.

Mastsetad

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Though it is right that the chances of occuring big hacks during a high price of bitcoin are very high because they know they will probably get more money in dollars if they hack bitcoin in the current price, but i personally don't think that a hacker has enough patience to wait for months for just bitcoin price to rise so that he can start his hunting, but they just do it whenever they want regardless of the price.

Nomad88

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Quote from: pinoycash on January 03, 2017, 02:13:12 AM

Quote from: Senor.Bla on January 03, 2017, 02:03:01 AM

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

An attack.Hack can happen anytime regardless of the price. i doubt any big hacking incident will occur majority of this hack are inside job and not from the outside.

I agree with above comment. There is always a hacking risk. Best way to prevent loosing your asset is keeping your investments and trades in your own wallet.

Cereberus

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I don't believe in hacks anymore well most of the time. Sanfrancisko metro hacked I have high doubts it has been an inside job. Major exchanges hacks I have high doubts they have been inside jobs also. Primedice hack, don't know I am 50% for an inside job and 50% maybe a real hacker.

Based on such statistics, hacking is not easy, it's the people who are given certain power and privileges who do such nasty things because all humans are greedy by nature.

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Quote from: beerlover on January 03, 2017, 03:16:37 AM

I just wonder that hacking is that easy like waiting for a price rise and then making it ? You people over estimating hackers. They will work on opportunity and will surely attempt for bigger lump sum but definitely will not wait/delay.

I would hope that all the major exchanges have learnt serious lessons from what has happened to other exchanges in the last few years, and have employed proper security measures plus some insurance.

Of course they may all be run by doofuses who are too dumb to learn from experience - lets see how this plays out.

Wandering Soul~

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I think hackers does not based their right time to hack some company or some sort in bitcoins price . Even if its low then they can just wait since it will increase in time . They can hack anytime but if some hackers like to wait for some opening to make their job easier it is when a site is having technical issues or something .

chickenado

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Quote from: Senor.Bla on January 03, 2017, 02:03:01 AM

It seems to me that if you are a hacker and you have figured out how to hack some Bitcoin company you do not have to act at once and can wait. Wait for the Bitcoin price to increase so you can make money of your hack. I have a feeling that more hacks happen is the price is relatively high.
Some will argue that it is the other way round and the high price attracts hackers, but these things need preparation and do not just happen over night. Also some might not have the patience or the price is going nowhere, but a smart hacker would take the risk and wait some time.
So right now would be a good time for the next big hack!

In my Opinion, if im a hacker even if the price is too low i will hack what I can hack. Then i will send it in another bitcoin wallet and wait the right time to convert it. And this is not a right time , ofcourse if you have many btc you will secure it now when you will know that the price of bitcoin is high.

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