Topic: This is how much money has been lost because of hacking (Read 502 times)
Unfortunately, there are many scammers and hachers in the crypto world, so all of us should be very careful, also we shouldn`t trust everyone. So, I advise to use hardware wallet to prevet any thefts.
Where money, there will always be thieves. The temptation is very great. I think that the protection of cryptocurrencies is not perfect yet. That's why hackers use it. Banks are already protected from hackers, and the crypt is still weak.
The numbers are quite alarming. According to this Forbes article, while the number fluctuates based on the market price and the published amount at the author’s time of writing, these are the quoted amounts that have been lost due to hacks as well as human error.
DAO - $53 million
Bitfinex - $72 million
Parity - $30 million + $275 million
Mt. Gox $460 million
Coincheck $530 million
That’s over $1 billion that has been lost! Obviously, cryptocurrency is giving us specific challenges around protecting our assets. At the same time, this gives us the opportunity to push the limits of this technology in order to elevate our lives, right? What are your thoughts about this news?
https://www.forbes.com/sites/forbesagencycouncil/2018/09/27/cryptocurrency-how-to-avoid-getting-hacked/#184495a14692
These figures apply only to hacking exchangers. And how many cryptocurrencies stolen by hackers from users' wallets. This figure is probably no less. Just these people are not particularly outraged. There is nobody to complain about. Moreover, they will be told that these were their miscalculations, it was necessary to think about the safety of their blowjob. But many do not know or do not know how to do it. It happens that circumstances are this way, that it is impossible to do this. The abduction of cryptocurrencies from wallets is one of the biggest problems. No matter how the technology is improved, hackers will find ways to hack it. Because of these hacks, it will not be safe for ordinary citizens to use cryptocurrency. This is one of the reasons why a cryptocurrency will not have too wide application in practice. DAO - $53 million
Bitfinex - $72 million
Parity - $30 million + $275 million
Mt. Gox $460 million
Coincheck $530 million
That’s over $1 billion that has been lost! Obviously, cryptocurrency is giving us specific challenges around protecting our assets. At the same time, this gives us the opportunity to push the limits of this technology in order to elevate our lives, right? What are your thoughts about this news?
https://www.forbes.com/sites/forbesagencycouncil/2018/09/27/cryptocurrency-how-to-avoid-getting-hacked/#184495a14692
I would say this happened because only of human errors since they have stored that much amount of money in an exchange that is why they got hacked so they need to learn the basic knowledge about crypto currency which will be helpful to save their hard earned money.
it is really not nice to read that hackers are so successful in the crypto market. hackers and scam bounties are probably the biggest problems in the crypto era right now.
So if we hope that cryptocurrency shall replace the fiat money so we have to be more focus on how spread the proper understanding about the technology and its security. And maybe will take an ages to bring the masses to the cryptocurrency world. 
The numbers are quite alarming. According to this Forbes article, while the number fluctuates based on the market price and the published amount at the author’s time of writing, these are the quoted amounts that have been lost due to hacks as well as human error.
DAO - $53 million
Bitfinex - $72 million
Parity - $30 million + $275 million
Mt. Gox $460 million
Coincheck $530 million
That’s over $1 billion that has been lost! Obviously, cryptocurrency is giving us specific challenges around protecting our assets. At the same time, this gives us the opportunity to push the limits of this technology in order to elevate our lives, right? What are your thoughts about this news?
https://www.forbes.com/sites/forbesagencycouncil/2018/09/27/cryptocurrency-how-to-avoid-getting-hacked/#184495a14692
I think bitcoin amounts that have been lost would have been a lot better. Also it has not been "lost" to us, it just changed hands but the money is still out there, most of those people who hacked these places cashed out that money and basically living the life with fiat right now while some other person bought that money somehow. DAO - $53 million
Bitfinex - $72 million
Parity - $30 million + $275 million
Mt. Gox $460 million
Coincheck $530 million
That’s over $1 billion that has been lost! Obviously, cryptocurrency is giving us specific challenges around protecting our assets. At the same time, this gives us the opportunity to push the limits of this technology in order to elevate our lives, right? What are your thoughts about this news?
https://www.forbes.com/sites/forbesagencycouncil/2018/09/27/cryptocurrency-how-to-avoid-getting-hacked/#184495a14692
"Lost" is the type of money when someone actually forgots the secret keys and seeds of their wallet which is an actual trouble for bitcoin, it is estimated that around 500k bitcoins have been "lost" that way either can't be reached or satoshi basically not using the coins he has as a major part of that.
That's a very large amount, and it's a very unfortunate thing. But we all know that "hacking" is the scariest risk to join in this world, and when we decide to join this industry so it means that we are ready for this thing. I hope we are save from those irresponsible hackers.
Amounts are amazing but people who was able to do it are more amazing that their doings. Just imagine how it was so difficult but they have got their aim.
It is sad to see that hackers havee taken over our community and are causing a wreck for a lot of persons. It is painful hearing the daily cries of the people who have had their accounts hacked, and their money stolen. Really isn't there anything that could be done to get rid of these fortune thieves? I wish there was something.
sites like that and other site sites will be very vulnerable to hacking, even though they certainly have a team that is very reliable, but still hackable, especially for those of us who only rely on our own energy, are always suspicious of everything we don't know, improve the personal security key of each individual to avoid undesirable things right,
That's alot of money , sadly it gave negative name to cryptocurrencies. The vulnerabilities will always be there but this kind of incident could really hurt the price and reputation of cryptocurrency, man we're dealing with money and this type of is irreversible money lost in thin air without owners and investors control.
As long as people insist on keeping their money on centralised exchanges they will be at risk of losing it to hackers. I have very little sympathy for people who lose money this way. If you are following proper security practices your money will be safe. Only keep your money in a wallet where only you have the keys. People need to start taking some personal responsibility.
Hacking really is painful things to experience, it cause so much casualties, But at the same time it also proven that the security on some market are still need to be secure even more, to avoid any future attack.
I agree. There’s still a lot of work to be done to improve security. A major downside though is that society is losing trust in crypto
https://futurism.com/cryptocurrency-hacks-shaking-investors-faith-coinrail
How can we build trust amidst all these hacking situations?
hacking is a major challenge so many crypto users have been fraught with. So many exchanges needs to upgrade their security and users should be careful with their private keys and passwords. With these all in place, the number of hacking will definitely reduce
Really scary how much money was stolen by hacks. I never knew it was so much money that was lost. What would the crypto market look like today if these funds were not stolen? Certainly better than at present, or would it have changed anything?
Really scary indeed but this is something that should have been expected in a new technology with the hackers trying to make every attempt to always breach those securities. I would not say the market would have been better since the hackers would have ended up finding a way to cash out eventually anyway, but all in all, as all these keeps happening, so are we going to see the securities improving as the case may be and then we will keep seeing a better space.
We have all known how security has been something that is of a huge concern even outside cryptocurrency over the years and for the fact that this is new, we should expect this.
I just thinking is it really hacked? or just they excuses to get that a lot of money, but if really hacked then they should secure harder their exchange, that's quite a lot of money hacked.
That's a lot of money and people before aren't securing their coins because they are keeping it to exchanges.
But today's generation are learning from those past hacking incidents and are aware of the consequences of not protecting your own fund.
But today's generation are learning from those past hacking incidents and are aware of the consequences of not protecting your own fund.
It's an amazing sum and seems like this sphere is at the beginning of the path and has a lot of ways of scamming.
The numbers are quite alarming. According to this Forbes article, while the number fluctuates based on the market price and the published amount at the author’s time of writing, these are the quoted amounts that have been lost due to hacks as well as human error.
DAO - $53 million
Bitfinex - $72 million
Parity - $30 million + $275 million
Mt. Gox $460 million
Coincheck $530 million
That’s over $1 billion that has been lost! Obviously, cryptocurrency is giving us specific challenges around protecting our assets. At the same time, this gives us the opportunity to push the limits of this technology in order to elevate our lives, right? What are your thoughts about this news?
https://www.forbes.com/sites/forbesagencycouncil/2018/09/27/cryptocurrency-how-to-avoid-getting-hacked/#184495a14692
I have always believed that there is absolutely no early days of a technology that will not have its fair share of some challenges one way or the other and it is a normal thing to see things like this happening. Protecting our assets however over the years is becoming something easy for those who have the knowledge on how to do so, what to do and what not to do as the case may be. DAO - $53 million
Bitfinex - $72 million
Parity - $30 million + $275 million
Mt. Gox $460 million
Coincheck $530 million
That’s over $1 billion that has been lost! Obviously, cryptocurrency is giving us specific challenges around protecting our assets. At the same time, this gives us the opportunity to push the limits of this technology in order to elevate our lives, right? What are your thoughts about this news?
https://www.forbes.com/sites/forbesagencycouncil/2018/09/27/cryptocurrency-how-to-avoid-getting-hacked/#184495a14692
Most of the issues of a huge loss have been due to hack and we sure know this is the reason why paying attention to security has been something very important when it comes to the cryptocurrency sphere.
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