Topic: Why Crypto facing hack Every time it recovers??? Govts involved?? - page 3. (Read 504 times)

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.

such news only affects the price temporarily and on a small scale. why would government want to affect the price in this way? what would they gain?

these services are shitty on their own. nobody has to do anything, and there is money involved so there is a good incentive for hackers to try them out. and most of these cases are actually false. the exchange scams their users and calls that a hack.

So you're saying that most of the hacking news are fake??? Someone is trying to manipulate the price by fudding right.. But who is that someone..  On recent govt regulations and bans are making me sespecious that the govt can do anything to stop crypto.. so they can also hire hackers right?

It is not the cryptocurrency that is being hacked it is those exchange or wallet providers that are being hacked. I also think that there are fake reports on exchanges being hack but this is not always happening whenever the market is in a run for recovery. We dont know if governments are manipulating the price since we dont have a proof and we dont even know if there are governments that are investing or trading cryptocurrency so no one can answer that.

Why crypto space happens to hack while it's on a bull run??? It's simple.
Governments are afraid of cryptocurrencies because they can not control them. The technology could hamper the bank's ability to comply with anti-money-laundering regulations, pose a competitive threat and force them to spend more money to keep up with the times. Central bankers risk endangering the stability of the global financial system by jumping on the bitcoin bandwagon and launching their own digital currencies in an effort to destroy competition from rivals from outside the official sphere. Cryptocurrencies are highly volatile, vulnerable to fraud and may give rise to “reputational risks” for businesses that get involved with the assets. If the digital money was issued by one of the major central banks, this could even lead to cross-border panics as capital took flight from riskier assets and financial institutions in countries experiencing turmoil and into state-backed cryptocurrencies elsewhere. Governments don't want you to invest in crypto but, are they really gonna dictates our lives? They try to scare us by hacking the crypto space, don't want us to make big money with bitcoins and everything, but we can't let them decide how much we make money! Making money with bitcoin is a great thing to do in 2018(check https://wikandor.wordpress.com/2018/07/10/make-huge-amounts-of-money-really-simply-with-bitcoin-in-2018/  to make money with crypto) and we won't let them decide if

Government cannot be involved an illegal act as such, the hack are from those I.T guys that has competent knowledge of Blockchain technology

Mayve it is just a coincidence. The security of the wallets and networks are not yet that tight. From those experiences, they will learn on what to improve on the security and their services. We can expect a tighter and stronger security next time. Soon Bitcoin and altcoins will rise to the moon.

It is not possible that government is one of the responsible of this is just those exchange, wallet is that their security is penetrable also it is easily to be hack. As my self i lost almost $1k now of altcoins because i got hack yesterday, i havent notice since the hacker get all my coins in my wallet and transfer it to other wallet that is also a new wallet. Bullrun in bitcoin is there are possibilities that it is cause by whales and other organization . thats my opinion

Agree with you why government will have any kind of involvement in hacking.

Guy where have u been the last few months .We been in a longer term  bearmarket since February

It might be a coincident and the government might not have anything to do with it. The recent hack in the crypto space are either due to the vulnerability in the exchanges that hackers notice and explore.

Is that just a bold statement your making or do you have more indepth information that Governments are involved? Hypothetical speaking if that's the case then only a sufficient attack at the same time on 80% of the exchanges out there could maybe kill the whole market, not just one attack per week or so. Crypto is becoming a worldwide adopted phenomenon, you can't just shut down a worldwide market. More and more people use cold storage wallets to keep their coins save, so if one Exchange goes down they just use another to trade when they want. Exchanges themself use cold storage methods to. Manipulation of the market is something of all times, happens on the stock and future markets as long as i know for, crypto is no different, where there is money at stake big players will interfere to their advantage. Don't fight the market, just follow the price, it's the only truth! Stay safe out there  

No government has that kind of brain, to hack into anything, they can just deploy some key-loggers at max, its independent hackers or groups that hacks into - just to show their strength and get rich.

"crypto" is not facing hack!

it is the shitty random exchanges out there with little security that are getting hacked. and it is not new, this has been happening all year last year during the rise so it is not the reason for the drops either.

additionally this is yet another proof that altcoin dumps can decrease the price of bitcoin as the money escapes through bitcoin. we know that the Bancor hack was a full altcoin loss (mostly they stole ETH if I am not mistaken) and the altcoins were getting dumped hard all this morning and bitcoin was still up, after some time of altcoin dump bitcoin came down as they cashed out through bitcoin.

Do you have any prove that the government is involved in any hack? Or is just independent hackers who do that as their business to survive just like you are doing whatever investment to survive too? This you have to prove.

Meanwhile, the reason for increase in hacking incident is self explanatory. Obviously, when price starts to increase, hacking brings huge profit rather than when price is low. It is that simple.

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???