this is purely theft, without any reason whatsoever
this is the act of hackers, who want to get a lot of benefits from people who transact, in the market affected by the hack
and the end of this, the hacker's work is getting worse, they do a big theft
this is a problem for the excanger himself, in order to further improve their security system
so everyone who does the transaction feels safe
Topic: Why there are certain exchanger have been hijack/hack? (Read 223 times)
90% of the times it is because the exchange is not making enough money! so they just put their left hands in their right pocket and take some money out then start crying that they were hacked while holding that stolen money in their other pocket enjoying the free money that fell from the sky on their laps.
10% of the times (maybe a little more if you are generous) it is a real hack because nothing is 100% secure. there are always vulnerabilities and ways to get hacked no matter who you are and how secure your setup is. for example last year Yahoo told their users that they were hacked and all their database was leaked!
10% of the times (maybe a little more if you are generous) it is a real hack because nothing is 100% secure. there are always vulnerabilities and ways to get hacked no matter who you are and how secure your setup is. for example last year Yahoo told their users that they were hacked and all their database was leaked!
I think you have it spot on there, Pooya. You can add to this, that centralized services like Exchanges have a vulnerability in
that their staff could have been compromised. You can have employees infiltrating your business and leaking your sensitive
code/passwords. You will never know when that person you hired are 100% trustworthy. Most of the time, these hacks are
inside jobs.
Is there any solid reason why? Is it because they want to make other people not to buy cryptocurrency? I am curious.
Asking this kind of question I'm guessing you have zero or minimal knowledge about how technology works. For the record, for years I firmly believe that there's no system that cannot be hacked. Currently, exchanges are the main target of hackers since they are holding a lot of money and they are considered as the crypto "banks". Some may think that it can also be an inside job where someone from the team will be the one who did the hacking. And there's no way their main purpose is to diacourage people from buying cryptos. It's all for the money, pal.
Is there any solid reason why? Is it because they want to make other people not to buy cryptocurrency? I am curious.
the reason why the exchanger has been hijacked is because there is a lot of money that they will get if they hack a certain exchanger. not because they want to make the crypto currency market get lost.
i think, it is only about to manipulate the market.
If a hacker succesfully hijack a exchanger. He or she will be a instant millionaire with no criminal record or maybe in a cycber crime, but i think you cant file a case if dont know who you will file...ubless you know who is the hacker an you have a evedince. Maybe they can track it just like the government do if there were try to hack the government system.
Most of these hacks are inside jobs. Cryptsy for example pretended to be hacked, and really the owner just made off with everyone's coins.
More recently, it looks like the Bitgrail "hack" is an inside job by the owner - though police are still investigating.
It's basically a long con - get loads of people to join your exchange, get them to trust you and deposit more and more stuff. And then one day just shut up shop and disappear with the coins claiming there was a hack.
This is why you should never store coins on an exchange - you never know if you are going to be a victim of a long con.
More recently, it looks like the Bitgrail "hack" is an inside job by the owner - though police are still investigating.
It's basically a long con - get loads of people to join your exchange, get them to trust you and deposit more and more stuff. And then one day just shut up shop and disappear with the coins claiming there was a hack.
This is why you should never store coins on an exchange - you never know if you are going to be a victim of a long con.
Scammers scam coins from people here in the forum with the ICOs, it must be worth. Exchanges have more BTC and altcoins on it, it must be worth a hundred times to hack an exchange and take all they got after all exchanges fuck traders with their trading fees.
Hi,
The reason why is that they can make money out of it. It is a great opportunity for people who know how to do it. So why would they hesitate?
I understand hackers... and of course, I understand those who have lost bitcoin due to hijacks.. But that's all part of the game!
The reason why is that they can make money out of it. It is a great opportunity for people who know how to do it. So why would they hesitate?
I understand hackers... and of course, I understand those who have lost bitcoin due to hijacks.. But that's all part of the game!
90% of the times it is because the exchange is not making enough money! so they just put their left hands in their right pocket and take some money out then start crying that they were hacked while holding that stolen money in their other pocket enjoying the free money that fell from the sky on their laps.
10% of the times (maybe a little more if you are generous) it is a real hack because nothing is 100% secure. there are always vulnerabilities and ways to get hacked no matter who you are and how secure your setup is. for example last year Yahoo told their users that they were hacked and all their database was leaked!
10% of the times (maybe a little more if you are generous) it is a real hack because nothing is 100% secure. there are always vulnerabilities and ways to get hacked no matter who you are and how secure your setup is. for example last year Yahoo told their users that they were hacked and all their database was leaked!
I also believe that. Just look what happened to Bitgrail. They were so very reliable when NANO(XRB) was only available on their site and they have all the volume but all of a sudden, their site claimed that they have hacked when XRB can be purchased in many exchanges and their users reduced.
Is there any solid reason why? Is it because they want to make other people not to buy cryptocurrency? I am curious.
Why could happen like that dikarnakan factor of our own negligence at the time of securing. then we made in terms of security is also considered not to be cheating, while today people are always near us who's desperate to do anything for the sake of earning money. 
90% of the times it is because the exchange is not making enough money! so they just put their left hands in their right pocket and take some money out then start crying that they were hacked while holding that stolen money in their other pocket enjoying the free money that fell from the sky on their laps.
10% of the times (maybe a little more if you are generous) it is a real hack because nothing is 100% secure. there are always vulnerabilities and ways to get hacked no matter who you are and how secure your setup is. for example last year Yahoo told their users that they were hacked and all their database was leaked!
10% of the times (maybe a little more if you are generous) it is a real hack because nothing is 100% secure. there are always vulnerabilities and ways to get hacked no matter who you are and how secure your setup is. for example last year Yahoo told their users that they were hacked and all their database was leaked!
Hackers will hack anything that's vulnerable be it crypto platform be it something else.
It's in now way related to how they want to stop the usage of cryptocurrencies ..they just saw..some profit and it was vulnerable .. hence they did it.
Also there are multiple exchanges out there people can always shift ..
Making it easier for them to explore the other options
Thus..this cannot be stopped
It's in now way related to how they want to stop the usage of cryptocurrencies ..they just saw..some profit and it was vulnerable .. hence they did it.
Also there are multiple exchanges out there people can always shift ..
Making it easier for them to explore the other options
Thus..this cannot be stopped
I think that kind of effort will always happen, back to each of us about how to choose an exchanger that is completely safe and secure, the hacker performs such actions for his selfish interests and selfishness, to enrich himself not to think about the affairs of others, I think if the goal they take all the crypto currency of the victim it is wrong, because if they take means to close their space. essentially however we should be more careful in choosing and using exchangers.
"No system is safe", a familiar quote in the internet worlds. define how's careful we are, there will be always a vulnerability in the system. even though we almost give all power to the security system, there is always a gap to break. And I believe the insider hacker have a part in it, they leak the exchanges sensitive information to make easier to be hacked.
Is there any solid reason why? Is it because they want to make other people not to buy cryptocurrency? I am curious.
it is not possible the hijack wants to stop people buying crypto.
who is worried when one of the exchange is hijack by another he can easily access all the coins that each user exchange.
I recommend using exchange that has strong security.
Is there any solid reason why? Is it because they want to make other people not to buy cryptocurrency? I am curious.
Because greed, the hack could also be insider job, they hacked themself and make profit from it. They will cover the truth for a few days to make profit out of it first, then announce the hack, buy back, when it bounce, profit again.
Main reason why hackers hack exchanges because theirs money involve that makes them rich.
Hacking every user of their funds takes too much effort with so little rewards. Which is why hackers just try to crack where all coins congregate to make the effort worth it. I believe the reason for it is plain greed, not some malicious intent for the whole crypto space.
Exchanges are the best target for hackers. Can you imagine how much money they can get if they can get into exchanges. You can be an instant millionaire if you can hack into exchanges.
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