Bitcoin Forum

An Italian cryptocurrency exchange called BitGrail says it was hacked and some $170 million worth of a currency called Nano is missing.

Hackers are very annoying and very cruel in taking money, with huge losses must be very painful for them, hopefully this will not happen again in other markets.

its been second time in 3 weeks. first on was in japan and now here.

What is Nano currency? Is it new currency? I never heard about this.
Anyway the crypto Exchanges are always the target of hacker.

Why does it won't happened again? They'll hack again and again, nothing can stop hackers from that. It's literally their profession.

I am always skeptical of these alleged hacks that happen in exchanges. maybe because most of them were fake anyways. fake in the sense that the exchange lied and they stole the money themselves and never paid the users back. they sometimes do it because they run out of money because they make bad bets on the market and get dumped on during the market crash or something like that.

ps. change your title to something like BitGrail got hacked. "again" means nothing!

That is a bad news. Several countries now are having a hacking issues about the hackers. Security is very needed to protect to those hackers. I think we need to improve that so casualties about hacking will be lessen.

Nano is the rebrand of Raiblocks.

This "hack" is very suspicious. With the general shady behaviour of BitGrail and its owner Bomber over the last few months, as well as rumours that the money was transferred out of the wallet MONTHS ago, I wouldn't be surprised if it the whole thing turns out to be an inside job. I hope criminal charges are brought.

I never heard about this currency called Nano , but it could be that the project is already a scam and that the devs runs away with the money and said that the wallet was hacked to run away of responsibility , I think this is the problem or maybe the negligence of the  security of the wallet . People has to cry now because they invested in a scamming project , such a shame .

I am not informed of this existing coin, Nano. I know Nano is a key to access in MEW but I don't know that there is a coin like that. If then, it is so sad to see how the hackers stole the coins and it seems that the coin is not completely secured that's why hackers attack them easily.

Read this for better understanding of the issue.
https://news.bitcoin.com/cryptocurrency-exchange-bitgrail-suspends-operations-losing-170-million-nano/

It is somehow really disturbing how hackers are so capable of doing such crime and steal millions. It is really saddening, maybe they should put up their security level to a higher point to stop this from happening.

Your title is not befitting for a crime story like you have. So try and get more attractive caption.

Anyway, hacking is one major problem of online business because it is exposed to the public eye. Something really have to be done or is it that there are certain security measures that some big exchanges are adopting and others are not following?

Also many are claiming that they never had those amount in their accounts so looks like bombar is trying to pull exit scam.

Many have lost thousands of dollars when they forced all unverified users to terminate their account and get paid only in Bitcoin rather than in coins they hold.

Sorry to hear this and sorry for those who hold this. Never heard about this and not familiar with it. Is this an ICO project? If this one of the new project and people doing this as bounty, i doubt its been hacked. Sometimes, this is just their excuse to the people who work hard for their project and in the end they don't want to pay the bounty hunters because it is allegedly a scam (i am not saying all of the ICO project). But if it is true, i guess their security is not that safe and better to focus how to build a stronger security.

Most of cybercrime are focused on cryptocurrency because there is where the money is. Again, save coin in exchange is so risky. Don't put your money in exchanges if you don't have a good reason for it. We better to save our coin in our wallet.

the hacks on bitgrail is suspicious when nano(xrb) hit a skyrocket price the bitgrail start acting wear they stop withdrawal of the nano and then they required for member to do kyc but the process is to difficult to process and now saying that they hacks..

My goodness. This is such a huge price which may help most of the worker who deserves it, scams involving cryptocurrency has been rapidly increasing nowadays, and even here , like Symmetry Fund Campaign was a huge disappoinment for those who works for it cause imagine 13000 Eth, and in a blink of an eye they were gone.

NANO the new name of XRB and before binace list NANO bitgrail was the dedicated exchange for NANO/XRB. i see bitgrail lock down all unverified account and disable trading NANO.

https://bitgrail.com/news


Another lessons here. (not again). Everyone should be really cautious in putting almost all their funds on a trading platform because hackers are really targeting them because of the money. Though I don' think that this will greatly impact the market because its not one of the big exchanges and what was lost is not bitcoin, it's still painful to hear people losses big amount of money because of those hackers who is nothing different from criminals now.

I think government and regulating bodies needs to hold exchanges responsible for customers funds. As an exchanger the security of your customers funds is paramount and it should more or less be stored outside the exchange platform.

Could not understand how are this exchanges getting hacked.  Isn't the time has come as this exchanges ask for the KYC details any user who register also get the KYC of this exchanges so that even the trader is aware of all the details of such exchanges which exists and can make the rationale choice if should trade on such sites or not after he doing his KYC personally of such exchanges.

Another cryptocurrency exchange got hacked, this kind of fraudulent activities are now happening very often and I smell something fishy about this, they reportedly announced that they will block all Nano/Raiblocks withdrawal outside Europe few week ago and now they lost $170 million worth of Nano? lol. What ever the reason of this loss (hacked or inside job) they should return those coins to their customers or they will become another mtgox. Anyway this is the source on what OP is saying https://steemit.com/bitgrail/@stevensteel/bitgrail-just-lost-all-17-million-nano-raiblocks-coins-in-their-system
and this https://steemit.com/bitcoin/@santana33/urgent-nano-bitgrail-hacked
Nano is the same with Raiblocks, they just re-branded it. All cryptocurrency exchange are prone from hacking but most of the victims are those exchange with poor system security or if there is something like inside job.

This news is very surprising, in some major countries have also started to make crypto. but the permasahalannya still not much that accentuate him greatly. hopefully the experience of Italian crypto, can be taken experience for other crypto can make extra security so as not easily hacked.

All the very suspicious....

Probably just took the money users

this is the risk of investment in the Digital world, and the main enemy of investors, in addition to market fluctuations is Hacker !!
and the difference is, the losses can be minimal, but hackers can spend our assets until nothing is left, I've heard "if there is no security is really safe" because every server on the internet has a weakness

This one isn't familiar but I searched on Google. It's really disgusting how people can manage to hack and get the money for the sake of themselves. Yes digital world is really risky because of people like them. It doesn't matter if they hacked small amount or huge amount of money, they still stole something and that is illegal!

After i read and hate the dozens of FUDs that circulate on the internet, to this day i don't believe in any negative speculation about bitcoin nor cryptocurrency.


NANO is a coin called XRB and he occupies position No.24 at https://coinmarketcap.com/

Users never learn the lesson to keep coins and tokens in a wallet or ledger or anything similar to keep you coins safe. It's been more than 3 years since MTGox got "hacked" followed a year later by cryptsy ....it's just the fact that we are on an early stage of cryptos and safety it is an issue until now.

I do not know about that cryptocurrency.  But one thing is for sure, hackers are modern day thieves.  They will always stole things that they did not put efforts to.  Anyways we really have to take care of our possessions.  In these days we cannot guarantee our safetiness, we just have to always secure our passwords.

The cryptocurrency has gain so many interest in any kind of peoples.
the worst kind of peoples too. It is because the crypto popularity has risen much more.

More than that, there are attacks all the time now, and many phishing attempts - in fact you can even buy bitcointalk.org's email and password list TODAY, so make different passwords in the wild and ALWAYS enable 2FA!!!!!

Hackers are everywhere just to get huge funds in any way. This makes cryptocurrency world of some users may got panic to sell. This scenario could lead us to be more careful of our bitcoin holdings.

I agree with you and this thing makes me worry and I think not only me but also to the btc community. But whatever happens to the world of crypto I believe they can still continue to survive and probably it will be getting stronger as the days goes by.

Hey, post the link where you read this. I'm yet surprised that people leave their bitcoin on exchanges.

Why I don't like my bitcoins on exchanges:

1) Highest hacking in terms of money happens on exchanges, which is supposed to be secured but suddenly it's not.
2) No private key and seed is a perfect recipe for disaster.
3) I don't like forks but as and when happen you're left on the mercy of exchange, plus add suspension of trading lol.

I hope better sense prevails and if anyone has money on exchange move it to electrum or Trezor or paper wallet, there're more this are my favorites.

I agreed that keeping crypto in exchanges is risky. Such cyber hacks can really cause chaos if the affected exchange can’t afford to pay the users. And there goes our hard earned and valuable coins.

It is sad to hear this. I think the exchanges need to work more regarding the security aspect.

Well, we've been unable to withdrawl funds for like weeks until it shutdown...bad timing for most of us... i lost 20k$ worth of xrb/nano on this one
I will definitly avoid small exchange for a while...still in some way this is a good lesson for me

Now divorced very much fraud so be careful with the choice of the project.

Hackers are everywhere this time the security for our own account should be focused. Not for our own even other exchanges whereas users are involved. We need to be careful even some exchange are not safe thats why I dont store my funds in the exchange.

Good thing I am not using any cryptocurrency exchanges yet. They should have strengthen the algorithm of the exchange so that the hackers will take a long time to hack it. Those money are good as garbage since it is impossible for it to be retrieved and the hackers might have already traded it and spent it onto other things which are not traceable by the founders of the exchange.

yes, hackers are the enemies of everyone you are in the virtual world. but to trust the news you say. you must load a link so everyone can read from the source directly

Mostly non-popular and non-reputed exchanges give fake news of getting hacked and still the people's money. I think everyone here should be aware of such scams and only use some genuine and reputed exchanges like bittrex, binance etc. This will help you in being away from some unwanted losses and frauds which are not worthy of losing money. I also think that you should check if the above news is fake or real as it looks fishy to me.

BitGrail is a small exchange market and certainly has a considerable degree of risk that is easily hacked by some highly irresponsible hackers of this incident is certainly a lesson for the trading market to implement basic security such as a very secure storage wallet. Security systems such as cybersecurity in every trade exchange should go well. and with this incident, of course, international regulators should try to apply more accountability in order not to harm those who trade.

As the encryption monetary market recognised by the more and more people, so a growing number of hackers attacked exchange, if can get some tokens, so equal access to a lot of money, so now to exchange with higher safety requirements.

This is not new to the exchanges, they are thinking that the best way to exit is to announce that the website was hacked, this is just a simple but yet effective for them,  they will pay for the legal action or cases but they dont pay the users of exchange they are in the win win situation. the users they dont have nothing to do but to cry.

Once you decide to invest, read the literature and also read the projects?

This is what i worry about the exchange. Hack is very bad thing happen to exchange.
I dont say that all exchange just play with the news and run the money but this case can be happen by fake news from the exchanger.

at this time I feel very unsafe, to make transactions, because of the security factor.
hackers can appear at any time. I lost altcoin from my wallet. and it makes me traumatized. is there a way to stop them?

Unfortunately exchanges especially new ones are very vulnerable for hacking and in their terms and conditions you agree that if is is hacked the exchange don`t take any responsibility for it.

besides fluctuations, traders are now getting a new threat, of hackers.
the difference, in losses can still be minimized, while the hacker! they will take everything you have,then left without feeling guilty.. shit!

It might be true or it could be a scam. Maybe the hack is just a set up. Of course it could also be true, as we've heard from other hacks lately. It is annoying, but there will always be thieves. On the other hand, exchanges have the duty to make sure they don't get hacked and secure their stock. It's other people's property they should look after and they are responsible.

It is the problem everyone has but in bitcoin you have the very good solution to avoid the hacking and no hacker will be able to hack your bitcoin, the fast service of bitcoin is making it more easy to use and to transact form one country to the other, it is easy to have a wallet now just download the hardware wallet in your PC or in your mobile so no one will able to have your bitcoin, it is the opportunity again the price is increasing so invest as much as you can.

Yes online currencies are easily hacked by hackers it is not our mistake something like this happen sometimes it is sad thing for all who hard to save and increase our money to live a good life .

This situation is really bad for those people who had invested this coin where the money invested was gone eventually losing their investment which people had been expecting it to grow more. The developers should have made an innovation on how to make it more difficult for every hacking attempts by the hackers to protect the people's investment such that they can have full trust on this coin. I hope that this concern will also be considered with the other cryptocurrencies to protect the investors money.

Generally non-famous and non-presumed trades give counterfeit news of getting hacked and still the general population's cash. I think everybody here ought to know about such tricks and just utilize some certified and presumed trades like bittrex, binance and so forth. This will help you in being far from some undesirable misfortunes and cheats which are not deserving of losing cash. I likewise feel that you should check if the above news is phony or genuine as it looks fishy to me.

Hackers are very annoying, really. They challenge themselves so they hack as many as things as they want to know there limits. It is really sad to know that these hackers exist. Instead of helping the economy, they let it fall. I sure hope that bitcoin won't be hacked to save our money. This is one of the disadvantages of cryptocurrency.

I found a link as well, I just wonder why they do have different amounts of money lost. I wonder which one is telling the truth. Here it is. https://www.forbes.com/sites/francescoppola/2018/02/11/yet-another-theft-from-a-cryptocurrency-exchange-but-who-is-really-to-blame/#4c3d1765f6dd

It is not the first and surely not the last exchange that is going to be hacked because through cryptoccurencies hackers can easily disappear and exhchange the stolen voins into cash without any evidence since transactions ae irreversible and and anonymous.

We cant excluse the possibility all of this thing being a scenario created by the owners of the exhanger just to disappear with those money

another time; once more.
"it was great to meet old friends again"
mga kasingkahulugan   once more, another time, afresh, anew
"her spirits lifted again"
returning to a previous position or condition.
"he rose, tidied the bed, and sat down again"
in addition to what has already been mentioned.
"the wages were low, but they made half as much again in tips"
mga kasingkahulugan   extra, in addition, additionally, on top
"this can add half as much again to the price"

Again the Fuel prices are on the rise for the second year in a row, and GasBuddy forecast drivers will pay more at the pump than they have in four years.

I agree. Its a sad story but everything is not safe these days especially if it involves money and considering how quietly rich are the investors of cryptocurrency they will do everything under their power to hack a system for the sake of those money.

Again the Netflix's was impressive subscriber growth over the past three months could encourage the company to raise prices again, some Wall Street analysts say.

wow, hackers who are thirsty with money, have a lot of exchange hacked by them, so many victims who suffered losses.

in 2014 Exchange MtGox, coincheck last january, cryptsy, shapesshift, poloniex, and a few weeks ago etherdelta, I do not know which exchange will be their victim?

hacking will never stop, so the solution is do not save altcoin in a conventional crypto exchange or marketplace.

saving bitcoins in your personal wallet or wallet hardware like ledger nano is the most safest.

hilarious..  :o

Many people really do not know the hackers because they're mostly secure on their site.
But they are fooling to do so double-cautious about those projects.

Hi,

Either the website was really hacked or this is what they say to get all the money and never pay back users... I don't know. And I don't really care. Because sadly enough, this is also what bitcoin is about. As there are no rules, as there isn't anybody "responsible", it is logical to see many scams and frauds.

And I understand how disappointed you can be when you are amongst the victims... But that's also part of the "game". And as long as bitcoin is nothing more than a trading tool, this won't change...

We have to believe more in bitcoin. And make it more important than the potential profit you can make!

Now it's hard enough to get bounty ... Maybe I do not understand the procedure .... If anyone is willing to guide me in getting bounty I say many thanks

I'm thinking if it is the same as i mined earlier this year ? its called also Nano, and then theres a website where you can mine Nano with just a stable internet but its approximately 0.000001 Nano every hour so i stopped it.
Is it really a hacker ? or just them scamming their own ICO ? what do you think ? because hacking now is very hard to do specially our innovated technologies is pretty advance.

Indeed they are now stealing public money by using the name of "hackers", these statements from management of BitGrail are unjustified and are extremely poor. I wish that a proper and strict action should be taken against these criminals to avoid such frauds in future.

Well according to me the hackers are not the challenge but we made them challenge for us, if you are a bitcoin user you should know the benefits of bitcoin as well as the features bitcoin has, bitcoin provided us a lot of security that we can use bitcoin and get high amount of profit without any risk of lose if we use bitcoin wallet, to save bitcoin from hacking, you should try blockchain and I am pretty sure you will be relax to invest as much as you want no one will be able to hack your bitcoin at all.

little is believed in these hacking, always all say that something is broken, but in fact (((

its really annoying but they should take proper steps to protect the fund.

Making money on investment is easy enough because it does not take a lot of time and you can invest a minimum of funds for example in the cs-monitor project. You can start only 35 dollars. It's only 2000 rubles.

Generally non-famous and non-presumed trades offer counterfeit news of obtaining hacked and still the overall population's money. i believe everyone here need to comprehend such tricks and simply utilize some certified and probable trades like bittrex, binance then forth. this may assist you in being faraway from some undesirable misfortunes and cheats that don't seem to be meriting of losing money. I likewise feel that you just ought to check if the on top of news is phony or real because it appearance questionable to Maine.

So many exchanges suffering from issues these days... Or these hackers are really outstanding smart, or these exchanges aren't putting enough security on their platforms. I believe a considerable part of this issue is lack of professionalism, some problems could be avoided if exchange's managers were more cautious with precaution than with the later remediation.