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Topic: This is how much money has been lost because of hacking - page 3. (Read 502 times)

member
Activity: 190
Merit: 10
Unfortunately thefts are becoming so popular in crypto but I believe that it will be solved soon because losses are great and patience of people is close to the end.
full member
Activity: 448
Merit: 137
This is big amount , is not there any way to find hackers ??
full member
Activity: 882
Merit: 112
Your Data Belongs To You
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

It seems that this quote has only the biggest hacks, I can recall many more hacks . I found it very interesting that such big exchnages are not working harder on their security measures. Also maybe this will stop slowly when we are going towards decentralized exchanges.

And what about how much money is lost because of telegram an twitter scams and scam ICOs..

jr. member
Activity: 434
Merit: 1
That's why we really wanted to make a better and revolutionised exchange that never gonna be hacked so that the assets won't lost/
jr. member
Activity: 196
Merit: 1
Keeping money in the Bank is also a risk ! I think what in the world was stolen a lot more money ! Keep crypto currencies in cold wallets and will not get you in trouble !
jr. member
Activity: 84
Merit: 1
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


Thanks for sharing the article I will readed and understand lot from that.

Oh my god its a big number of money.we need to be more safe and secure while making transaction,login etc..
full member
Activity: 476
Merit: 100
This numbers are frightening. Looking at them we should remember about our crypto safety and accuracy.
legendary
Activity: 3234
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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

Remember they are all exchange sites and then it will be so difficult to manage a lot of assets at the same time dude. Look at them all and how the majority of these exchange site has been doing a lot of efforts to secure their asset. But they can't. There was a lot of hackers and they are always trying to exploit the site.
copper member
Activity: 266
Merit: 0
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?
jr. member
Activity: 126
Merit: 1
Well, the risk of losing your investment is always higher in crypto market.
1. It's volatile and unpredicatable.
2. The most scary part, hacking.

Since its digitized and the layman doesn't understand the nuances of this technology, they mostly make mistakes and lose their savings to hackers.
There are various ways to protect yourself though,
Using strong passwords, creating crypto specific id's, using several wallets.

These are some recommended precautions you must take apart from general awareness about hacking.
newbie
Activity: 5
Merit: 0
I agree with this report.  This is why I have 2 hardware wallets.  People need to remember that this is crypto and that some people will do anything to get it, so practice precaution when investing, trading, buying, or selling crypto.
jr. member
Activity: 196
Merit: 1
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
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