Topic: Why is bitcoin and crypto currency ALWAYS getting hacked?? - page 10. (Read 1774 times)

To be honest greedy peoples are the one who suffer the most they would always download a malware program which promises to mine more or double there coins and in the end they end up losing whatever they even had with them , but again bitcoin aint hackble but those wallets are and we got to take proper care of our wallets or we might end up in the sadder side of the story , and again there will always be greedy people who will end up losing their money and then blame bitcoin for its security

Theoretically, a hacker can destroy the Bitcoin network by using code that interferes with the system. However, over the past four years, Bitcoin's code system has been considered invulnerable despite the fact that people have been hacked  money to profit  for themselves or to attack people's trading accounts. other.

There are many parts of your statement which are I think are wrong. For example, bitcoin is not hackable or the technology behind,  the wallet or the private keys does. It is the one that is hackable and I think some even of these events are in the user's fault. They sometimes expose their keys or do other careless things but the bitcoin itself,  is not hack hackable. Also,  there is no direct relationship between the hacking incidents and the downtrend of the price of bitcoin.

I don't think crypto is constantly getting hacked, let alone "slowly dying" because of hacks. If anything, hacks make it stronger, as they both expose weak projects and tell future ones what to be vary of.

As for the exchanges, they aren't exactly built "the way Satoshi envisioned it"; they are centralized entities that have plenty of weak points which a malicious player can abuse. This goes against the decentralized principles of cryptocurrency. Which is why DEX's are looking poised to take over the future.

Even so, the biggest "weak point" of crypto in general are the people. Most "hacks" happen as phishing attacks, when someone gets tricked into downloading tracking malware or  posts their private information (private keys or logins into their e-mails) into a phishing website. This is in no way the fault of crypto and shouldn't be looked at as the fault of the code. Of course, you have badly coded projects like Verge, but they are bad thanks to humans badly coding them and not because there is something inherently wrong with crypto.

So yeah, the hacks can be seen as something positive in the bigger picture. They will expose "the weak" and allow "the strong" to learn, adapt and survive, at the cost of some naive people losing money sadly. But hey, don't be naive and you'll be peachy.

maybe a better question is why is everything being hacked?

Large cash in the crypto currency and its uncertain status in most countries attracts numerous scammers and hackers, because it allows you to relatively easily get big money and get away from the responsibility for their theft. This is still a big problem for the users of crypto currency, which is one of the global reasons restraining the spread of crypto currency around the world.

Bitcoin trading is only one way, which means that when you transfer money to someone, you can not withdraw your trading order. So if a hacker grabs your bitcoin wallet, he will have full control over how much money you have and then the loss is inevitable.

Hacker are also known as thefts, these set of people can not be taken always from the society but can be prevented,one can only take instructions of the security majors put in place in the establishment,to an extend it will help prevent hackers.

I'm pretty sure within the next few days there will be another huge million dollar hack.. Pretty soon hackers will own 75% of the supply!!   

I think it may be possible on some cryptocurrencies and lately there have been some coins reported to be victims of a 51% attack because the hash power of the coin is not distributed equally and can easily carry out an attack.
Not a hacked bitcoin network and no news reported about bitcoin itself being hacked because of exchanges that have poor security and neglectful people protecting their private keys and wallets.

Your title is wrong. Is not Crypto being hacked, but exchanges and wallets due to lack of security on those.
If you don't protect your computer, or exchanges don't protect servers, hackers will use it to their benefit. After all, it's big money.

Why Banks gets hacked?

Bitcoin and other cryptocurrencies are hacked. Some people are hacked because they don't pay attention to their security and password. It is big effect  of cryptocurrencies. There have were many hacking story since the internet was invented. I think they can not attention their password and can not care secure.It is big problem for hacking.

Why robbers rob the banks ever thought about that?

They rob for cash same with hackers they also hack crypto wallets for money/crypto.

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There's no way to stop online wallets hacking each and everytime but the only thing you can do is using a malware free device before accessing your wallet.

This is sad but true, although hacking is not only unique in the crypto currency exchanges/market, I think the exchanges should invest more on security. How many stock exchanges have been hacked in the past few months.  If these is going to continue many people will be disappointed and will lose interest in investing in the crypto market.

I hope our exchanges will change their priority. Instead on focusing on how they will earn money they should make sure that our security is the number one priority.

Banks are frequently attacked. Also, no Bitcoin rules and regulations help attract hackers to it, because of the decentralized nature of Bitcoin.
It is an invisible asset that exists only in the computer frame

Personally, I think that all crypto projects are exposed to hacking chito would pick up all the coins and earn on it but now there was a new crypto project which is very well protected and can be relied on

it's great with hardware wallets when it comes to the safety point of view. There are multiple ways to store Bitcoins in offline wallets including paper wallet, hardware wallet etc. You can download the reputed paper wallet generator from GitHub and move it to any offline PC and generate paper wallets to store your funds off the internet.

Crypto = money , money attracts criminals.
Because of crypto's anonymous and decentralized nature hackers and thieves will obviously target crypto.

In my own oponion hackers exist around the world, those bad guys want to earn money in a easy way,  but if we have strong password and  concrete computer system, I dont think they can hack us because they pin point those who are weak and they will find a way if they spot weaknesses. Thats why we must improve our system of those kind of people.

Its because cryptocurrency is circulated in cyberspace. More than enough reason for hackers to do it. Its basically free money for them... Well as long as they don't get caught that is. And bitcoin has not really held as a secure currency since there isn't really any way to make sure that transferring of bitcoin can be a 100% guarantee and secure.