Why Crypto facing hack Every time it recovers??? Govts involved?? - page 2.

terrific

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Quote from: iammrash on July 10, 2018, 04:54:00 AM

Why crypto space happen to hack hack while its on a bullrun???

I don't know, it can be a coincidence but hackers are active 24/7 if they are targeting something big.

Quote from: iammrash on July 10, 2018, 04:54:00 AM

We've seen some of the massive hacks in this very short time period.Today also But it doesn't happen in bearish market. Every time crypto has a bullrun. Yesterday BTC Kept on Trying to Break above 6800 Resistance.. And today morning another hack on Bancor wallet.. Sespecious... Which is really effecting the current market..

It only means that exchanges need to make their security better than any other. If they won't take action on these incidents, they might be next.

Quote from: iammrash on July 10, 2018, 04:54:00 AM

But the Question is. Is the govt trying to manipulate and wanna kill crypto??? That's why they are doing this???

No, there's no government involved in hacking or if there is, do you have an idea on what it is?

bitcoinman93

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Quote from: iammrash on July 10, 2018, 04:54:00 AM

Why crypto space happen to hack hack while its on a bullrun???
We've seen some of the massive hacks in this very short time period.Today also But it doesn't happen in bearish market. Every time crypto has a bullrun. Yesterday BTC Kept on Trying to Break above 6800 Resistance.. And today morning another hack on Bancor wallet.. Sespecious... Which is really effecting the current market..
But the Question is. Is the govt trying to manipulate and wanna kill crypto??? That's why they are doing this???

thinking that governments are bothered enough to pay hackers to steal money from exchanges is such a delusive opinion that I'm not sure you shouldn't be checked by the nearest doctor

maianh09

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I do not think these are attacks from real hackers. These could be big traps from anonymous marketers who want to get worse in the next period. Investors should rate it and do not panic as things are not over.

jseverson

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Quote from: iammrash on July 12, 2018, 07:37:57 AM

Quote from: jseverson on July 11, 2018, 08:53:05 AM

-snip-

I'm just saying these shits happens every time bitcoin began to recover itself.. So some news are saying government is trying to destroy crypto by these hacks. as they hate crypto currency.. It's a possible conspiracy of many people too..

I'd say it's infinitely more likely that exchanges are simply vulnerable to hacks because of bad security and/or bad protocols. This has been happening forever, and I don't think any hacking has ever been attributed to any government, except maybe North Korea. I'd also like to note that the Bithumb hack barely moved the market at all despite being fairly big news.

Also, governments have shown that they can place bans to throttle growth. That's a much more effective way of dealing with the "problem" if they truly hated it enough to stage very convenient hackings.

But you know, if you say that's your opinion, then I completely respect it. All of this is conjecture at the end of the day.

iammrash

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Quote from: jseverson on July 11, 2018, 08:53:05 AM

It's called recency bias.

...or is it, even? I mean, the Bithumb hack only happened a couple of weeks ago and crypto wasn't recovering then.

This idea may be outrageous to some, but wouldn't it be possible that there are no grand conspiracies against crypto? There will always be antagonists, don't get me wrong, but you don't always need to point your fingers at someone or something. Shit just happens sometimes.

I'm just saying these shits happens every time bitcoin began to recover itself.. So some news are saying government is trying to destroy crypto by these hacks. as they hate crypto currency.. It's a possible conspiracy of many people too..

aizen10

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Quote from: iammrash on July 10, 2018, 04:54:00 AM

Why crypto space happen to hack hack while its on a bullrun???
We've seen some of the massive hacks in this very short time period.Today also But it doesn't happen in bearish market. Every time crypto has a bullrun. Yesterday BTC Kept on Trying to Break above 6800 Resistance.. And today morning another hack on Bancor wallet.. Sespecious... Which is really effecting the current market..
But the Question is. Is the govt trying to manipulate and wanna kill crypto??? That's why they are doing this???

i think its not, government doesnt involve on it, its the choice of the hackers, at a certain time, many site got hack and millions of dollars has been get out in just an instant. hackers are every where, they coming thru without warning, meaning the security of every sites are weak to them, even you got improving your security and always update in into most update one, hackers can find another ways to get in into your security. this is not new. the only things that we can do is store your valued coins into an offline wallet.

hermanjones18

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A huge risk in the market of crypto currency is hacking. the reports of hacking increases when the prices of the currency increases, as the hacker can make a profit by selling off the coins. Usually the exchange sites which are unsafe are hacked, therefore investors should store their coins in safe wallets, and be aware from phishing sites

rileyhill

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Why are you blaming government? Huh

I don't think government has to do anything with this hacks. In bearish market hacking will not yield much so it is obvious that the hackers will try to hack it during bull ru to maximize their profit. I think we need to be very careful to prevent it. Undecided

[ProTrader]

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Quote from: iammrash on July 10, 2018, 04:54:00 AM

Why crypto space happen to hack hack while its on a bullrun???
We've seen some of the massive hacks in this very short time period.Today also But it doesn't happen in bearish market. Every time crypto has a bullrun. Yesterday BTC Kept on Trying to Break above 6800 Resistance.. And today morning another hack on Bancor wallet.. Sespecious... Which is really effecting the current market..
But the Question is. Is the govt trying to manipulate and wanna kill crypto??? That's why they are doing this???

I think the government has nothing to so with those hacks. They already know that they cannot kill cryptocurrency because they also need the technology to make their work more efficient. What they don't like about cryptocurrency is the decentralization.

Tmcrypto

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I am not agree with this statement because why government involved with this hack. I think some peoples are research about the market and find out how they can hack coins. Because these coins are so expensive. It creates a bad impact on this market.

LodisMcguire

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When hacker see it's in bull run,they think they will make easy money by hacking and get rid of those coin to fiat.But,it's the exchanger fault i think,they can't protect their fund and security must be top priority when involving money.

dbravo

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It has some secuirity issues. But, it is gradually developing and it'll be developed very soon. So, let's hope for the best to happen

_bitcoin_papa_

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The government does not manipulate the cryptocurrency market. Most likely, the market is manipulated by large investors who want to force us to sell the cryptocurrency at a low price. Do not pay attention to such news.

dutchkay

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I don't really believe that the government have anything to do with the recent hck happening all around exchanges. Though this hacks are becoming something else. Governments eyes are set on cryptocurrency and will do anything to shut it down that's why they use media fud as their weapon. Individual hackers are on the lose every time. Remember that crypto is the new tech with the most money currently and hackers just live to find vulnerabilities in exchanges which they exploit, it's part of their job.

jseverson

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It's called recency bias.

...or is it, even? I mean, the Bithumb hack only happened a couple of weeks ago and crypto wasn't recovering then.

This idea may be outrageous to some, but wouldn't it be possible that there are no grand conspiracies against crypto? There will always be antagonists, don't get me wrong, but you don't always need to point your fingers at someone or something. Shit just happens sometimes.

dothebeats

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Cashback 15%

I don't think so. It's just that hackers are always on the lookout for any potential loopholes or vulnerabilities in an exchange before they carry out the hacks, You simply can't hack something without preparing or studying it, and in the price rises, you can't correctly time it or predict it at all times, so it's far-fetched that this is an attempt to demoralize traders and sell whatever they have. Governments, no matter how good their hackers are, simply aren't gods in terms of everything; it just so happens that some lucky hacker managed to full of a heist and get away with it.

santosummer

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Can not identify anything about bull run at the moment. That may be a good trending move when bitcoin is at ~ 6k8 and eth recovering ~ $ 500. Bancor lost after the hacker attack. The reason behind this is that the level of security of exchanges is becoming increasingly serious and alarming.

QFT

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Quote from: iammrash on July 11, 2018, 07:33:51 AM

Quote from: Juggy777 on July 10, 2018, 09:41:36 PM

It's the other G not Government it's the Greed all exchanges do it out of pure greed, and now it's become so rampant that suddenly the community does not feel anything. That's why everyone here keeps on shouting stay away from exchanges they're no good, but yet people will trust them and pay a price. It's so easy in btc say it's a hack no one can prove anything.

Yes that's also a conspiracy. Most of the small exchanges are not trust worthy for this reason though. They can just scam anytime. that's why crypto is loosing it's trust in investor circle

Well of course unregulated exchanges are going to be causing trouble at some point. That's the risk we take.

Proton2233

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Quote from: iammrash on July 10, 2018, 04:54:00 AM

Why crypto space happen to hack hack while its on a bullrun???
We've seen some of the massive hacks in this very short time period.Today also But it doesn't happen in bearish market. Every time crypto has a bullrun. Yesterday BTC Kept on Trying to Break above 6800 Resistance.. And today morning another hack on Bancor wallet.. Sespecious... Which is really effecting the current market..
But the Question is. Is the govt trying to manipulate and wanna kill crypto??? That's why they are doing this???

Why is government necessary? There are many financial speculators who can manipulate bitcoin prices. This market does not have clear restrictions that are present in other markets. It seems to me that in the current crisis there are many components and governments do not play the most important role in the fall of prices.

iammrash

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Quote from: Juggy777 on July 10, 2018, 09:41:36 PM

It's the other G not Government it's the Greed all exchanges do it out of pure greed, and now it's become so rampant that suddenly the community does not feel anything. That's why everyone here keeps on shouting stay away from exchanges they're no good, but yet people will trust them and pay a price. It's so easy in btc say it's a hack no one can prove anything.

Yes that's also a conspiracy. Most of the small exchanges are not trust worthy for this reason though. They can just scam anytime. that's why crypto is loosing it's trust in investor circle

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