Pages:
Author

Topic: Why is bitcoin and crypto currency ALWAYS getting hacked?? - page 13. (Read 1781 times)

legendary
Activity: 1834
Merit: 1036
If its created by a human it can also be hacked by another human or the same human. Who knows if this hackers are paid hackers to hack their own site just to show to the world that their site was hacked and it will allow them enough time to exit or play with the Bitcoins in some other business venture. Regardless of how any times they update their security, someone will try to hack their way in to the system specially that the reward is good.
full member
Activity: 627
Merit: 103
It is really hard to protect crypto from the hackers! Hackers are really very smart to do such things. We tried every hard method to prevent them but we failed. Every year, the crypto market faces several hacks! Day by day it's increasing. We tried 2Fa, SMS Verification, NID verification and we failed. I think another highly security we need now, and everyone should withdraw their crypto coin from exchanges before late.
member
Activity: 700
Merit: 10
They hack crypto because its untraceable. Beside that, stealing bitcoin and cryptocurrency more easy to keep than stealing money or gold and the price of bitcoin always increasing.
newbie
Activity: 126
Merit: 0
bitcoin and crypto currency ALWAYS get hacked because cybercriminals attack the wallets as well as information about bitcoins so they quickly take away valuable coin they always try to attack bitcoin and crypto
full member
Activity: 378
Merit: 100
I think the reason why the cryptocurrency and bitcoin is always prone in hacking because of its high value and money it haves throught this many people want easy money so they trying to invade them.
full member
Activity: 532
Merit: 100
bitcoin cannot be hack and also altcoins. exchange sites are the one gets hack also people not keeping safe their information. can you link us a proof bitcoin get hack? if you know bitcoin you will understand that it cannot be hack.
jr. member
Activity: 43
Merit: 1
Hacking is a common problem not only with crypto exchanges but all online platforms. But your title is misleading as such incidences happen rarely and not always.
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
Hackers can access accounts on all websites if the account has a simple password or have low security. So that recent trading floor of Korea was hacked and steal a lot of tokens by hackers

The wallets that is storing the coins can be also hacked. Even if you have chosen a strong password you are still not safe. This has happened several times.
Sad to say but hackers are all over this community so our safety depends upon our own usage. We must be sure that we are aware of what we are dealing to this kind of trouble. Safety will always be on our hand so make sure that you will use your account privately. We must not give hackers the power to do their job.
They always find ways so better to deal with that, knowing more extra security with your account is really necessary, just what OP was said another  news about exchange that has been hacked and until now i'm still wondering how it possible, maybe inside job or someone who have direct access to the site that  will performed the hacks, though there's no exact proof but it is not next to impossible as well.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
Hackers can access accounts on all websites if the account has a simple password or have low security. So that recent trading floor of Korea was hacked and steal a lot of tokens by hackers

The wallets that is storing the coins can be also hacked. Even if you have chosen a strong password you are still not safe. This has happened several times.
Sad to say but hackers are all over this community so our safety depends upon our own usage. We must be sure that we are aware of what we are dealing to this kind of trouble. Safety will always be on our hand so make sure that you will use your account privately. We must not give hackers the power to do their job.
sr. member
Activity: 812
Merit: 250
Hackers can access accounts on all websites if the account has a simple password or have low security. So that recent trading floor of Korea was hacked and steal a lot of tokens by hackers

The wallets that is storing the coins can be also hacked. Even if you have chosen a strong password you are still not safe. This has happened several times.
Well it's not always have to be like that because at the first place it's our responsibility to make it safe. At all cause it must be secured and that depends on how we use it properly. We must know that our account is always rid of hackers and we must not give them the power to do what they are doing.
newbie
Activity: 42
Merit: 0
There are many reasons. But I think the main one is still the big hole in systems. So, the question will be raised for the developers or the tech guys who are in charge of systems and security for these platform. You can search on google and see that, many cases were come from the weak security and infrastructure. You can check some news here:
https://btcmanager.com/hackers-target-infrastructure-and-weak-security-to-steal-cryptocurrencies/
https://btcmanager.com/cryptojacking-strikes-again-hackers-target-government-websites-to-mine-monero/

Do you remember about the Ethereum case? That's a big hack which cost 20 million Ethereum because of the weak security on port 8584 (this one is so technical I don't want to mention about).
https://btcmanager.com/hacker-group-steals-over-20-million-of-ethereum-after-exploiting-port-8584/

So the point is, if coins don't want to be hacked, the security has to be stronger. Hackers are smart and they can do everything to be rich.
member
Activity: 214
Merit: 11
Cryptocurrency is the FUTURE!
Once again, another exchange hacked for 30 million..
IT HASN'T EVEN BEEN A WEEK SINCE I MADE THIS THREAD..
I'm afraid to say, but crypto currency is officially dead. It has NO security and hackers are going to destroy it.. RIP crypto
Bitcoin = $1 in 2020...
Crypto is getting hacked easier then it is to back Facebook, or email address. It will never get adopted unless a serious change happens
hero member
Activity: 686
Merit: 500
Hacking mostly happens in exchanges and so it's always advisable to store our bitcoins in our desktop wallets or any hardware wallets.Otherwise our bitcoins would get compromised.Mt.Gox was the first exchange which got hacked.
full member
Activity: 770
Merit: 113
bad guys always take advantage of opportunities. let alone bitcoin prices tend to increase, so many iris janat want to have it with instant. that's the risk we have to face. then, we must be careful in storing assets, use a safe wallet, complete with 2fa and complicated passwords.
sr. member
Activity: 462
Merit: 281
dApps Development Automation Platform
Not just only bitcoin and cryptocurrency always get hack. Everything have value will always get attack.
Because crypto is anonymously so hackers love to hack it
sr. member
Activity: 756
Merit: 252
Is it really that hard to prevent hackers from hacking exchanges, wallets and God knows what other methods they use...
 I mean how on earth is crypto supposed to flourish if it's so venerable to hackers?
 Every month a huge hack happens and totally destroys the crypto image yet again.
At this rate, bitcoin will go to $1 as it gets hacked every day.
Is it possible to take simple precautions to protect against hackers?
For a so called "unhackable" wallet,private key ect, it seems to be a cake walk for any hacker.
 Sorry for the rant, it's just irritating to see crypto slowly dying because of hacks.

I agree with your opinion, I think there must be some measure to combat hackers as today. Hope everyone will have a better solution. Let's pray together
There is a lot that can be done to avoid losing your bitcoin because you were hacked but people want that everything is solved without they having to do anything and that is not the way something like bitcoin that is decentralized works, if you are tired of losing your money to hackers then you need to take steps to reduce your own vulnerability to hackers, if you are not willing to do that then no one is going to do it for you.
hero member
Activity: 854
Merit: 522
Bitcoin and other cryptocurrencies are not getting hacked until right now there are no issues about the bitcoin's network has been hacked, just there are hacking issues in bitcoin's exchangers and it doesn't mean bitcoin and other cryptocurrencies getting hacked, it is something different, all of users cryptocurrencies has responsibilities to keep their coins to be safe with stored their private key.
member
Activity: 420
Merit: 10
Its because in most countries crypto not regulated and stolen coins nobody search, and one more reason is untracable part of cryptos
full member
Activity: 2086
Merit: 193
Hackers can access accounts on all websites if the account has a simple password or have low security. So that recent trading floor of Korea was hacked and steal a lot of tokens by hackers

The wallets that is storing the coins can be also hacked. Even if you have chosen a strong password you are still not safe. This has happened several times.
Hackers will not stop from doing this as long as they see opportunity in the market. Some of the hacked news maybe an inside job or what we don't know so we must be very careful in dealing with the exchanges because everything now is vulnerable from the hackers. Hope that blockchain technology can help stop this thing in the future so many investors will come.
sr. member
Activity: 1638
Merit: 251
No, it is not always getting hacked. The owner of the wallet itself that to be responsible for this.
in cryptocurrency wallet, you need to be smart to not letting your wallet hacked by someone.
such actions are potential for your wallet getting hacked : opening any shady link that could be take you to phishing site, save credentials wallet
in cloud storage, not using a hardwallet, expose private key of the wallet.
Just be careful when do that things.
Pages:
Jump to: