Of course, hackers will always try to crack exchanges and wallets if this is possible for them. Some developers should be much smarter and better at testing their product before allowing people to use it.
It should also be noted that in most cases the users of the wallets themselves are to blame for the fact that their accounts are hacked. They are casual about security.
P.S.: bitcoin has never been hacked.
Topic: Why is bitcoin and crypto currency ALWAYS getting hacked?? (Read 1773 times)
it is nt bitcoin or cryptocurrency get hack it is cryptocurrency wallets are getting hack every wallet should have strong server configuration and users should also keep google authenticator app then they can be protected
Because Bitcoin is very high value at this time, so hackers are always trying to get Bitcoin and other Cryptocurrency, because if we are not careful in this digital world, then we will be the target of hackers. So we must protect our assets with double protection.
Because Bitcoin is very high value at this time, so hackers are always trying to get Bitcoin and other Cryptocurrency, because if we are not careful in this digital world, then we will be the target of hackers. So we must protect our assets with double protection.
Some new investors or people might misunderstand your post.
You see, Bitcoin and other cryptocurrency can't be hacked. It might be in the future, I don't know if you already knew this but Bitcoin in the past was hacked but it is quickly recovered and after that it is not been hacked again. Though Gambling sites, exchanges and some online wallets can be hacked so you need to be careful where you put your cryptocurrencies.
Because Bitcoin is very high value at this time, so hackers are always trying to get Bitcoin and other Cryptocurrency, because if we are not careful in this digital world, then we will be the target of hackers. So we must protect our assets with double protection.
Hackers are looking for the money. Cryptocurrencies are good target because very often they remain unprotected. As well as some exchanges. By that I mean mostly on personal wallets and online wallets who could be especialy vulnerable. People are not as careful as they should be anf often don't protect their coins. And we are all aware that people are the weekest chain always making mistakes.
Also, by hacking cryptocurrencies hackers get the money that is easier to hide traces than when you steel physical money. For hacker internet is like playground with endless possibilities to get the money and they are using every opportunity.
Also, by hacking cryptocurrencies hackers get the money that is easier to hide traces than when you steel physical money. For hacker internet is like playground with endless possibilities to get the money and they are using every opportunity.
At the root of most large hacks, most are not aware of who the blame should actually fall on - stupid employees at exchanges.
Like, disturbingly stupid.
Quote
... exchanges are falling for old, simple scams leading to massive amounts of stolen funds - you have to wonder if they'd even admit it if the suspect was actually a 14 year old wanna-be hacker. A quick way to distract the public from where they went wrong, would be to switch the conversation to the hot topic of North Korea. Remember, it's in-part these exchanges "internal investigations" coming to these conclusions.
But the fact is, blame here falls directly on these exchanges which clearly have employees with high levels of access, and low security training.
More: https://www.globalcryptopress.com/2018/10/cryptocurrency-exchanges-quick-to-shift.html
But the fact is, blame here falls directly on these exchanges which clearly have employees with high levels of access, and low security training.
More: https://www.globalcryptopress.com/2018/10/cryptocurrency-exchanges-quick-to-shift.html
Like, disturbingly stupid.
Money is always a good target for people who want it badly. Since you don't have to forcefully or physically get into somebody else's house, so they turned into hacking using the internet which is for them the safest way of getting money from others. Which is not good and really needs to be stopped. It is not only that they are focused on cryptocurrency, almost everything for as long as it is related to money, hackers would always find ways to get into it no matter what. This is the reality and we need to be always alert on things we often do especially if involves internet connectivity.
Whenever there is something good, always it'll have something bad. It is good to make ourselves secure with the atmost security features available. Even after this hacking happens which is due to errors that exist after the project has come to the usage. For this continued development process is the only possibility to minimize hacks. With cryptocurrency and bitcoin it is high, because each and every activity related to this happens through internet.
Bitcoin to be exact has never been hacked. Although of course various wallets have been hacked so whatever they contain should have been taken by the hackers, that includes of course Bitcoin. Crypto hacking is widespread but that is going to be expected because there is so much wealth in there than somewhere else. The hackers must also be choosing which one is going to be worth hacking and a bit easier to escape from. That includes individual wallets. That is why extra care should be given in saving private keys and PINs.
Hacking is not only concerned with Crypto or digital currencies but also with fiat currencies. We know some hackers hacked Bangladesh Bank. Hackers hacked and stole more than $80M. It is not safe for both crypto and fiat or any online websites from hack. This the link of Aljajera new of hacking of Bangladesh Bank= https://www.aljazeera.com/programmes/101east/2018/05/hacked-bangladesh-bank-heist-180523070038069.html
Hacking accounts from crypto wallets are very dangerous. So all those who hodl, please be mindful about whom and where we will be giving our confidential information, we also have to enable 2 factor authentication as long as it is possible for us to activate it.
Hackers always want to find a bug and stealing our coin. Hackers stealing cryptocurrency because crypto still unregulated and untraceable. Its more easier for hacker to liquidating crypto than hacking banks account
First why there are still many cases of hacking. because many people on the internet have the intention of working to steal. of course they will always look for ways to steal and hack someone's wallet, someone's site, and many others of course to get financial benefits
developers often incorrectly assume that the words "crypto" and "blockchain" mean security by default. "Due attention is paid neither to the quality of the code nor to the network architecture — and they can be vulnerable. Special attention should be paid to the security of smart contracts. And here they often rely on the security of the blockchain structure, losing sight of the unsafe use of pseudo-random number generators, using data from the main Bitcoin network or similar currencies as a source of random value
The main reason behind hacking in bitcoin and other crypto currency exchanges is due to high profit and not traceable, that is why their is more hacking in this field. you can hack the individual users with giving all sort of greedy offers that they fall for it and get hacked and lose their crypto currency and other important datas.
Unfortunately, hacking cannot be prevented and it is happening in all aspects, not only toward Bitcoin and crypto. Exchanges have large amount of valuable crypto currencies, surely the hackers will be targeting the exchanges.
In my opinion, Bitcoin and crypto are very attractive and profitable. It is worth noting and greedy to hackers. When we trade on unreliable exchange sites, it is very dangerous to reveal information that makes hackers track. Many people create accounts on exchange pages but don't set up 2-layer protection as well as simply set passwords.
nope, BTC and alts are not getting hacked, exchanges and accounts are getting hacked due to lack of proper security steps taken.
Cryptocurrency is money, and they have always attracted fraudsters. Moreover, in purses, exchanges and exchangers that break open, sometimes there are millions of sums. Therefore, the cryptocurrency will always attract people who want to profit at someone else's expense, and it will always be a risky investment. Of course, you can take appropriate additional security measures, but they require knowledge and, as a rule, additional investments of their funds. Therefore, hacking will always flourish, and newcomers to cryptocurrency will always suffer material losses in cryptocurrency.
Hackers always want to find a bug and stealing our coin. Hackers stealing cryptocurrency because crypto still unregulated and untraceable. Its more easier for hacker to liquidating crypto than hacking banks account
First why there are still many cases of hacking. because many people on the internet have the intention of working to steal. of course they will always look for ways to steal and hack someone's wallet, someone's site, and many others of course to get financial benefitsJump to: