Bitcoin is not getting hacked because it is close to improbable to hack its blockchain.
However, user wallets and exchanges can be hacked especially if there are not enough security measures in place. It is important for both the users and the exchanges to remain vigilant. For the users, avoid phishing sites at all costs. For the exchanges, investments in strong security systems should be a priority because millions of dollars are at stake every day.
Topic: Why is bitcoin and crypto currency ALWAYS getting hacked?? - page 15. (Read 1757 times)
Most of the time, the theft is due to people's wrong precautions and the fact that they can get a lot of money by attacking the exchange, which is what many hackers want.
As the number of users in Bitcoin getting higher and higher, there will always be conflicts between things. In this case, Bitcoin and cryptocurrency always getting hacked because of the immaturity and greed of other people to gain much money and learn the process of investments.
Do you have a proof that Bitcoin or crypto currencies is being hacked? I know that Bitcoin is hacked in the past, but that is way way in the past when Bitcoin is just a new one and not that developed. We all know that exchanges and wallets are being hacked but not really Bitcoin and these crypto currencies since the only being hacked are wallets and exchanges.
Here is why exchanges get frequently hacked:
1) Most of the exchanges are not serious about security. For instance, if you check the programs on Hackerone, only one exchange is using it (Coinbase). That program itself has got huge number of submissions from security researchers. If they also avoided paying for those bugs, those bugs would have been exploited by hackers.
2) In some cases, even the exchange itself might be involved. We cannot rule out this possibility especially because prices of crypto are rising. Such a case recently happened in India.
1) Most of the exchanges are not serious about security. For instance, if you check the programs on Hackerone, only one exchange is using it (Coinbase). That program itself has got huge number of submissions from security researchers. If they also avoided paying for those bugs, those bugs would have been exploited by hackers.
2) In some cases, even the exchange itself might be involved. We cannot rule out this possibility especially because prices of crypto are rising. Such a case recently happened in India.
Thats problem cannot be solved but its avoidable with the safety precaution,using offline wallet its hars to hack by the hackers like ledger nano s and trezzor always do not give your password and private key to the anonymous person.But speaking of how to vanish them we cannot vanish them because right now is a digital age many things are posible with digital technology.
As the number of users in Bitcoin getting higher and higher, there will always be conflicts between things. In this case, Bitcoin and cryptocurrency always getting hacked because of the immaturity and greed of other people to gain much money and learn the process of investments.
Really, what a stupid post. Do you have any idea what you're talking about?
funny personal text you're using considering your post..
funny personal text you're using considering your post..
Yes seems like it getting more and more often exchanges got hacked, ir really causing the price fall down like a rock, I don't know either the hackers getting smartter or the exchanges doesn't care with the security or the exchanges purposely let the hacker being hacked, if this doesn't stop crypto price could fall apart and the people wont trust in crypto anymore
The people who are maintaining the security of a website are typically always on the off-step when it comes to new threats. You can't really pre-think someone's ability to make certain malware or exploits, and there's a lot that can be done on an exchange that has no real security regulations. You'd have to pay a hacker to find out what your vulnerabilities are, and if you don't do that then there's nothing that can really be done aside from trying to patch the issues as they come. That's a hard task already. When you have exchanges with low profit margins, or just plain greed, security isn't necessarily a priority.
Yes seems like it getting more and more often exchanges got hacked, ir really causing the price fall down like a rock, I don't know either the hackers getting smartter or the exchanges doesn't care with the security or the exchanges purposely let the hacker being hacked, if this doesn't stop crypto price could fall apart and the people wont trust in crypto anymore
Hackers tend to know the value of bitcoin. Especially when it's price were at really high. Nowadays, btc is very popular. Information technologists and programmers know how codes works. That is why the brilliant idea is just to hack exchanges and other online wallets which contains bitcoin and other coinsm hence, private keys are important to access wallets and cold wallets shall consider to store such bitcoin.
So it was and so, probably, will always be. The possibility of quick earning by hacking protective technologies and sometimes receiving multimillion dollar amounts, pushes folk craftsmen to such crimes. Hackers, like other criminals, always go one step ahead. First, there must be a kind of hacking, so that then we start looking for effective methods of combating it. Pre-take protective measures only if the method of hacking is logical. However, the actions of hackers are unpredictable. The motivation of their actions in the material plan is sometimes more significant. Therefore, the fight against hacking as a phenomenon is very difficult.
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.
Bitcoin is not vulnerable to hacking, the technology of bitcoin is impossible to hack with the current technologies, users are the ones that are getting hacked, there is not a real culture of safe practices when you are navigating in the internet, people click in all the links they see and install pirated software, if you think bitcoin is vulnerable you have no idea the amount of fiat stolen everyday by hackers getting access to credit cards information. 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.
because bitcoin and cryptocurrency have a fantastic value and fantastic value makes the hackers have a drive to steal and not just on bitcoin and cryptocurrency alone in the bank and gold is also the target of the thieves
You can only be hacked if you get into a phising/fake sites and when you logged your sensitive info there. Blockchain is impossible to be hack or the server itself and it only be hacked when a person holding a cryptocurrency is not aware on what website did they enter that may have viruses that stole private keys or leaving a great amount of altcoin in an exchange site. Storing on exchange sites are not advisable same as the other storage that holds your private key. The thing here is you need to be aware of anything that could steal your digital assets, or try to have a hardware wallet for higher level security.
because exchanges are not focusing on bug bounties, they should pay a handsome amount to bug bounty hunters so that they can find a bug and report to the relevant exchange about the possible threat
Yeah maybe you are just focus on the negative events of cryptocurrency specifically to bitcoin where exchanges and online or websites for digital wallet has be hijack also. There are reports on the thread that there is an exchange being hack also aside from the Myetherwallet which is being hijack also last month. Well as we all know that bitcoin itself could not be easily decrypted but it could be hack through hijacking bitcoin digital's wallet website. Anyway the dev team are working hard on it already so no need to worry.
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.
There is no such thing as unhackable especially in the web. Theres so many hackers in the world and eventually they evolve in hacking industry. Just a piece of advice, try to broaden your knowledge in security. Maybe you’re not good in protecting your account thats why you said those words so maybe try to work your things in security of your own account 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.
Because there is no such concrete universal law regarding cryptocurrency and also the hack can also be done quite anonymously and the transaction cannot be redone by any party.
Because hackers are wise, after all this is the internet where anyone can do anything to get what they want.
because many people are like you! they read something and their brain only registers a small portion of what they read. you read some exchange was hacked and you registered it as bitcoin got hacked. they also read something about security and how to do it properly and their little brains registered it as a hot wallet is safe kind of thing!
there is also a lot of scams where exchanges rob their customers and blame it on some hacker that doesn't even exist.
there is also a lot of scams where exchanges rob their customers and blame it on some hacker that doesn't even exist.
Jump to: