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“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”
Source
“This was a significant loss for Bitstamp, and it cast further doubt on the safety and integrity of the bitcoin ecosystem. However, it could have been much worse, and we are determined to use this as a learning tool, and as a basis for making improvements in our technology, security protocols, incident response planning and so forth.”
Source
It is questionable whether Bitstamp would have taken these measures if the hack had never taken place.
Well, the information gathered from the press are not always true as some entrepreneurs will just like to use to gain public trust again.
On the other hand, negative incidence occur in life so we could learn to avoid certain mistakes or improve how we do things.
But, why don't we prepare from the onset against hacking?
I want us to rate crypto exchange platforms based on these parameters.
* Global geographical usage.
* Never hacked before
* low transaction fee.
Which of the cryto trading exchange meet this criteria.
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* Global geographical usage.
* Never hacked before
* low transaction fee.
Which of the cryto trading exchange meet this criteria.
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The OP is asking what exchange fulfil the above parameters, and I can say very few of them.
But most exchanges that fall into this set of parameters are smaller to medium exchanges.
Because most good exchanges have been a victim of hacking at least once.
But I don't think, the criteria of never hacked before and low tx fee would be vital in choosing an exchange.
Those exchanges that have never been hacked is only waiting their time to be vulnerable with these hackers.
I guess what matters most, is how the exchange reacted after the hack - did they refund their clients or not? Or did they continue their operations and rectify the prob fast?
Also, most exchanges with low tx fees are those with low trading volumes also. So it is really not convenient to trade in those kind of exchanges.
Do you want to wait for days and days just to fulfil your order?
Hackers are only after the big exchange and trading platform and not against smaller ones.
Is the aim of this hackers to steal only the coins or there are other things that is their pursuit as they hack sites?
[moderator's note: consecutive posts merged]
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