Bitcoin Forum

Just wanted to ask the opinion of many about these incidents happened this past few days,what can we do as common individuals to help prevent these tragedies? We have good opportunity on this field so I supposed everyone should take time to think about it.

Your opinion could help especially for us newbies,feel free to post a message thanks.

In this market hacking is a common issue for investors. Many people’s are afraid to invest on this market because of hacking. That's why this market need more secure technology.

The easy thing to do is just to keep our security code safe from a third party. If we compromise our wallets , that is a problem. For instance, if you think your wallet has been comprised and probably the wallet is still empty, you just delete that and go for another one.

This is the reason why people are afraid to invest in cryptocurrency because of hacking incidents. Investing in cryptocurrency market is quite risky but we shouldn't panic if there is havking incidents. What we should do is to stay calm and don't be panic. Try to resolve this incidents and make sure that we should choose exhanges that has a much stronger security system so that our coins will be safe.

The majority of hackers were aiming to hack the centralized thing such as your wallet, exchange site and another centralized system. Just thinking to avoid by use the centralized thing. I use decentralized exchange and i have never got any problem with it. That's why i would like to aree about vitalik's opinion to the centralized exchange site must burn in hell.

You can't prevent this incident, this job is for the exchanges and other platforms that are offering services. What can we do right now is to store most of our crypto's on a safe vault like hardware wallet.
If you don't have that, then install those wallets that has private keys that you can hold to have control to your funds.

Well cryptos space is still new and most hackers have shifted their attention and energy to attack crypto space, but the same thing reminds when credit cards first came out, there were a lot hack incidence, but with time, they became more secured, so same thing with cryptos, those attacks will make cryptos to find means to better build and make a secure environment for everyone in the future.

yes, thats right, the exchange really need a great cyber security to make the platform safe
about our assets, all we need to do is keep our assets safe,
so, keep your crypto in the safest place in your home,, maybe a hardware wallet is very good choice

to be honest you can't trust the safety of the internet .. I think we should always be careful when you login to a web site.. always double check the link .. also must choose exchanges with stronger security system 

we see this year a lot of hacked exchange, I think we can not help them, hackers must be attacked by hackers again.

using a decentralized exchange and securing any of our wallets with a double key becomes our choice. and do not keep your assets in the exchange wallet.

A hardware wallet is the best choice and don't store most of it in the exchanges so you can't avoid problems whenever they get hacked.

A desktop wallet is also what I'm saying when you don't want to use a hardware wallet and just leave it somewhere that you can access it.

Correct! this is another thing that we should consider, beware of phishers too.

When the hack happened You cannot do anything, this is why it is suggested to store Your coins on hard wallets and keep only funds on exchange you are trading actively with. Use Exchange with 2 FA enabled and  save recovery on a safe place.

This is the best thing that we can do, to protect all the important details that we have especially when it comes to your private keys. A lot of shit people in this market who are trying to make money easily, so be careful in dealing with anyone.

First think about your own fund's safety, never keep all you have in any exchange platform or just diversify your risk of losing by keeping your assets in multiple exchange platform. This is the only think we can do to limit the loses by such hacks.

The one who is behind the exchange themselves need to be responsible for security of the exchange against hackers.

First thing first, stop keeping tokens on exchanges.
Secure your private keys, buy a hardware wallet..

Dont fail for phishing scams.
Being in cryptocurrencies, you are the one and only owner of your funds, and you are the only one responsible for keeping them safe.

I think regarding hacks amongst other
Individuals had to secure tightly their account with 2fa and phone verification and when you are linking your api ensurebto that with a trusted firm and not just any third party license

Since the government of some countries have decided to regulate cryptos and also tax it, they also bear responsibility for ensuring crypto is safe.
So arrest and prosecution of hackers will go a long way in discouraging would-be hackers and reassure investors of a safe cryptospace.

Be anonymous online and diversify your crypto in some wallets. Do not put it all in one wallet so you can minimize the risk in different worst case scenarios.

If you want to avoid getting hacked then you should turn on 2fa so your account become more secured but if you want no risk then you should use decentralized exchange instead, the problem is right now there's only low volume at decentralized exchange so it's not great to trade there. Don't forget to withdraw your money if you are done trading to avoid worst case scenario.

After the incident of the floor is constantly hacked, it is a difficult problem. Whilst the property is constantly decreasing, it is hacked. Optimal solution brings most of the assets stored in a cold bag. Lean on the floor and wallet

there is nothing we can do about this tragedy.
but we can prevent that from happening to us. for example we sterilize our device from anything that causes hacking to occur, and keep everything related to our cryptocurrency asset.

The cryptocurrency market is a billion dollar market which is obviously going to attract top hackers from across the world which is why such hacking incidents will always occur now and then, but they can be reduced to a big extent if the infrastructure is safeguarded in a highly effective manner. Coming to individuals, we need to avoid silly mistakes(Giving private keys to other, downloading shady wallets etc) to secure our coins and tokens.

Everything that is connected in the internet is at high risk.  For us to avoid to be hacked, we must secure our password and keep it in a safe place. We must not store it in any storage that is connected in the internet.
Also, we must check first the address of the site that we are trying to log in  to avoid the phishing site.

not much can be done. take profit greatly from the current state can be said to be not possible. can only play in the safe zone or take a risk to buy more for investments, in the long run, it again. to sell and even day trading alone I don't think there will be a good opportunity.

Hacking can happen to everyone, the slightest carelessness can do you a lot of work. So we need to use the hardware wallet as the safest method

You have to be very careful not to go to suspicious sites. I know how hard it is to lose your earned money, because recently my wallet was also hacked. Just need to be careful and do not install various unverified programs. And I think then everything will be fine.

buy hardware wallet to store your crypto. avoid putting your crypto in exchange sites they are prone to hacking. you can put your put your crypto just be sure after to trade take it out and send it to your wallet. we can only rely to ourselves to let our crypto safe.

well I heard about this hacking incidents, but I still didn't get anything from the trustable sources so there is a possibility that it also can be false rumor, but there is risk of hacking is available so we should careful specially after hearing this kinds of news, after all it can cost great loss.

I think that kind of thing can not be prevented, because until the end of the world, evil will never die. we can only minimize the bad things, by securing the assets of each, and do not easily believe in anyone.

In such events, the Council can only be one - never panic. since these events are always intended to spread panic out of nowhere. this will always happen, but if you keep your bitcoins at home - nothing can lead you astray from learning the technology)

This is the time when we need to concentrate on preventing the hacking incidences. More rules and regulations must be made on this cryptocurrency market. Moreover, strict measures must be taken against the hackers.

I think something like this is very unlikely to be prevented. Especially if we are critical thinking, it could be that the hacker is the person inside the company itself. Hopefully not like that.

To minimize it only by securing cryptocurrency on hardwallet

The news of hacking are sad to hear and the loss the investors suffer are unfathomable. But we still need to be careful and to look out for the red flags in order to remain cautious. Such as see the popularity and reviews of projects to know if they are safe and not a scam.

A threat to the market of crypto currency is hacking. with the rise in popularity of the crypto currency the number of hackers and report of hacking is increasing. This will cause the investor to not trust the market and withdraw their investment. And it would also discourage new investors, firms should upgrade their security and investors should use stronger wallets.

I try to do some of those suggestions hopefully that would work and prevent from being victimized by this kind of incident.

The issues of hacking has posed a potential problem in the industry that needs all attention of two cryptocurrency world.Two big exchanges have been successfully hacked recently so the question is that what shows that there will not be future hacking irrespective of the said measures in place now.

Hacking is a rapid action taken on the crypto currency. To keep your coins safer you should use crypto currency wallets. and i recommend you to use hardware wallets.

Digital world can hack everyone knows that. Everything can have risks. Be sure your security for as you can enough.

I think that is very alaraming because our investments are in their hands.
We should demand to the companies that they must provide a strong security that can assure the investors security of their money.

In recent times the scammers have increased, now even on telegram there are criminals who use similar username to those of the admin of the official chat of the blockchain platform and contact people to defraud them. We must be more careful, do not send anyone the private keys of their wallet and use a good antivirus

In essence we should be more careful again in doing transactions or login through url link, make sure the original url link and add an additional key in the wallet that we use like google autitencantor or verification via email or no mobile phone that we use.

The wallets/exchanges etc just need to get better security. Hacking happens everywhere but crypto has bad security compared to banks etc.

The platforms that we use must constantly improve the means of protection. Each of us should closely monitor their data. Scammers constantly come up with new ways to get hold of our money, you need to be very careful.

There are lots of resources you can find on google on how to avoid crypto hacking. As for me, i am not connecting my device to any public wifi because it can also use by hackers as their ticket to enter on your device. With that said, saving sensitive information on your device is really not advisable.

That's why the centralized exchange are needed to be monitored by the government and regulators. to make sure the majority of them are increasing the security anytime. the hackers will always try to do any effort to hack the exchange site because it was containing a very huge money

Spread awareness to others about clicking of unusual websites and don't install software that they are not aware of.

Most of the hacks are occurring through exchanges so the best that we can do is not to store most of our coins there.

Most of the hacking incidents happen because of the mistake of the users, they don't care enough about their account security and in crypto the result is very bad as you can lose all your assets without the ability to get it back. To prevent it you can simply put more attention when you use your wallet, double check the url and don't click random link on the internet.

This is a very urgent topic. This is a very urgent topic. A few days ago my friend bought ETH for the first time. He transferred it to his MyEtherwallet. And the next day he was stolen. And he does not know how to steal his private key.

It would have been good if you had stated instances or situations of the hack. Yes, there were news of hack, but some were FUD.
I just read one today of bitpaction. A friend of mine said he lost his fund.
That is more reason i do not like most of these upcoming exchanges. Some of them are just scams.

MEW wallet incidents are mostly user fault either they have been phished or DNS redirected. But when talking about central exchanges hacking issue, i gues we cant do anything about it. Its a risk one will take when going and parking their coins in these exchanges.

For me the massive creation of the alternativecoins can be stopped
because I can’t see in any angle of this that they are doing against the regulations of this kind of business and industry.

I read more and more often people complaining that their wallet has been hacked. The first rule that each of us should respect not to see their money disappear, is to not give the private key of their wallet to anyone. Also you should not open suspicious email and you need to use a good quality antivirus

Recent incidents happened was the hacked of known exchanges so don't stack your Crypto on any exchanges, only put it on a secure wallet that you owned the private keys and don't open any links from chat group or links that are being spam on social medias because it could be a phishing site or malware that can harm your computer or get access to your private keys if you store it on the same computer or gadgets.

The bigest part of all hack connect with people, which don't have stable sequr of data and computer