South Korea’s Largest Ethereum Exchange Was Hacked

findingthemoon

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Activity: 252

Merit: 123

Quote from: ranih on July 06, 2017, 12:15:15 PM

Quote from: YYmeans on July 06, 2017, 11:04:27 AM

Quote from: novusordo on July 06, 2017, 02:28:07 AM

Pay attention to your ETH, guys! Look what happened to South Korea.
https://motherboard.vice.com/en_us/article/bjxnjw/south-koreas-largest-ethereum-exchange-was-hacked

Do you get the information about how many eth were stolen?

Less than $1M USD.
It's hard to call it a large hack...

Its obviously still bad but yeah its a minor hack in the grand scheme of it.

LodisMcguire

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Activity: 546

Merit: 261

Well don't save too much in exchange wallet
Is it have an impact to ETH price world wide?
We have to be careful to choose exchange service before we lose some money there

ranih

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Snip - The Future of News on the Blockchain

Quote from: YYmeans on July 06, 2017, 11:04:27 AM

Quote from: novusordo on July 06, 2017, 02:28:07 AM

Pay attention to your ETH, guys! Look what happened to South Korea.
https://motherboard.vice.com/en_us/article/bjxnjw/south-koreas-largest-ethereum-exchange-was-hacked

Do you get the information about how many eth were stolen?

Less than $1M USD.
It's hard to call it a large hack...

13abyknight

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Activity: 602

Merit: 252

Quote from: shayshaylaboogie on July 06, 2017, 09:56:13 AM

Quote from: novusordo on July 06, 2017, 02:28:07 AM

Pay attention to your ETH, guys! Look what happened to South Korea.
https://motherboard.vice.com/en_us/article/bjxnjw/south-koreas-largest-ethereum-exchange-was-hacked

And this is why you never use exchanges as wallets. If you have to trade, you can't avoid the risks of depositing to an 'outside wallet', but you can't trade with a zero balance either Sad

they need to make a decentralized exchange thats easier to use than EtherDelta, it's confusing to me. Something like IndieSquare maybe, you can place orders within the same app as the wallet. It should be even easier on the ETH blockchain, counterparty is kind of suck because of the state of bitcoin.

Its pretty pathetic to use an exchange as a wallet. If someone lost their coins because the exchange got hacked and they had their coins on the exchange account, I would say they deserved it because of the level of carelessness shown in holding onto your hard earned coin. There are many MEW fakes being used to phish people and one must make sure the URL is correct before accessing the site.

headachy

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Activity: 112

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Soon you'll be able to trade in Waves dex, and it's going to be safer, faster and more user friendly.

gedor

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Activity: 658

Merit: 255

Quote from: shayshaylaboogie on July 06, 2017, 09:56:13 AM

Quote from: novusordo on July 06, 2017, 02:28:07 AM

Pay attention to your ETH, guys! Look what happened to South Korea.
https://motherboard.vice.com/en_us/article/bjxnjw/south-koreas-largest-ethereum-exchange-was-hacked

And this is why you never use exchanges as wallets. If you have to trade, you can't avoid the risks of depositing to an 'outside wallet', but you can't trade with a zero balance either Sad

they need to make a decentralized exchange thats easier to use than EtherDelta, it's confusing to me. Something like IndieSquare maybe, you can place orders within the same app as the wallet. It should be even easier on the ETH blockchain, counterparty is kind of suck because of the state of bitcoin.

Cold wallet and hardware wallets also have some risks the best option is diversying.

YYmeans

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Activity: 308

Merit: 250

Quote from: novusordo on July 06, 2017, 02:28:07 AM

Pay attention to your ETH, guys! Look what happened to South Korea.
https://motherboard.vice.com/en_us/article/bjxnjw/south-koreas-largest-ethereum-exchange-was-hacked

Do you get the information about how many eth were stolen?

shayshaylaboogie

member

Activity: 132

Merit: 10

Quote from: novusordo on July 06, 2017, 02:28:07 AM

Pay attention to your ETH, guys! Look what happened to South Korea.
https://motherboard.vice.com/en_us/article/bjxnjw/south-koreas-largest-ethereum-exchange-was-hacked

And this is why you never use exchanges as wallets. If you have to trade, you can't avoid the risks of depositing to an 'outside wallet', but you can't trade with a zero balance either Sad

they need to make a decentralized exchange thats easier to use than EtherDelta, it's confusing to me. Something like IndieSquare maybe, you can place orders within the same app as the wallet. It should be even easier on the ETH blockchain, counterparty is kind of suck because of the state of bitcoin.

novusordo

sr. member

Activity: 800

Merit: 250