Bitcoin Forum

It’s come to my attention that there are being a lot of hacks and scams going on at the moment.

This is a warning to people to keep wallets fully protected, exchange accounts should have 2fa added and wallets should at least have a password on them.

However, if these new hackers are successful in art king vulnerabilities in web browsers and adding, it could really make the price start to drop quite dramatically.

(We always get hacks and scams increasing when the price dips - usually because it hits the news or people can get bored of their funds not doing so well I guess)... Anyway, stay vigilant and don’t click anything you don’t trust.

Do you think bitcoin is killed by ordinary small investors?

I am sure that the organizers of ICO projects that have deceived investors are to blame for everything.

Bitcoin will survive bad times

Yeah I have seen a rise in hacks, likely because people care even less about securing their private keys now that crypto has taken a large drop from where most people have purchased. It isn't necessarily killing cryptocurrency though, the speculates are. If you are using cryptocurrency purely as a investment and not using it, then it actually hurts the economy. Plus when people buy crappy ICO's and they sell off it hurts the economy because there are not enough buyers in the market that value the coin. There needs to be more usage for the cryptocurrencies to have people value them higher. There is a problem of too much money, and some companies even face this problem. Having too much money in a business can actually be harmful. I think this is a big problem in cryptocurrency, we expanded way to fast without much application.

I must agree with you on this one peoples carelessness to the fact that hacker or on the lose an effective security measures should be adopted but I must say the effect of hackers does not play a major role to the down fall of bitcoin

I've never noticed any major correlation between the price and publicity around small hacks or scams. Only major heists like the Bitfinex hack in 2016. You think it's creating FUD around Bitcoin's security and is affecting price?

The only thing I've heard about recently was the Copay vulnerability (https://blog.bitpay.com/npm-package-vulnerability-copay/). I'm not sure if anyone lost money from that.

It is best to keep the wallet on an external flash drive or use a special cold wallet for cryptocurrency. If you keep a private key on your personal computer, there is always a possibility that a virus will be sent to your computer which will later withdraw all your money to the wallets of scammers.

I do think that yes. There’s a lot of malware at the moment and a lot of signatures relating to cryptocurrency viruses that I’m noticing (rhese seem to be the ones that antivirus companies already know about though so they could have existed ever since we fell and started going sideways).

People are trying to get whatever they can and that’s always been the case, I’d like to see the average malware developer, I can’t really picture them...

There’s also the thing of, if a lot of bitcoin are stolen and sold on the open market, the price is obviously going to crash as it’ll wipe out a lot of listings people are making.

I've said it on here time after time again. BTC is OLD, SLOW, OUTDATED, AND USES TOO MUCH ELECTRICITY. Bitcoin is a prototype for what's to come. It's dying now. You can thank those over at bitcore who modified and basically handed it over to the elites to control now.

True, that's an interesting point. I just figure these types of scams -- malware, phishing, things like that -- are pretty small-time. How many coins end up being sold on the market that way? It's probably a drop in the bucket compared to selling from miners, payment processors and others.

Miners tend to do off trading, they can normally get a better rate that way and don’t want to fund a middle man.

A random scammer may do cash in hand or otc trading but if they want to use the money then putting it through an exchange might be a better option (the source might not be checked and it can make what they’re doing seem legit as it’s coming from a credible company and they’ve probably done kyc with them...

Do you think that our wallets are more jeopardized now due to the price range? What is it in the price of the coin or in a current situation that is making us more vulnerable now?

I guess you are right. Surely, people feel frustrated and less serious about protecting their crypto funds, but it doesn't mean that hacks will make the price decrease even more. I guess what makes a difference nowadays is mainly fud about regulations and price predictions. I guess only of some major wallet provider betrayed its users, it could lead to another drop.

scamming and hacking are factors that make BTC fall drastically, this is very crazy, I have never seen a more drastic decline than this year.

this year is a very bad year for the crypto world.
Market conditions make everyone panic and fear. but, I think that people cannot kill BTC easily.

Isn't the underlying problem of this that users don't know what they are investing in? If you blindly buy into something so speculative, and news outlets are your main way to know what's happening in the space, then you are asking for problems.

I mean, no one wants to be sucked into this, but you can research what you invest in and from there try to verify every bit of news yourself by going straight to the source, which mostly will help you calm down.

News outlets spice up their content to attract clicks, that's how they make money. Drama is what sells, and it seems to be an effective way of making money, because it works each and every time. Noobs never seem to learn from their mistakes.

The activity of scammers again point to the fact that the profitability of the crypto currency is real. However, we need to secure our accounts and avoid clicking unknown and soliciting sites. i am quite aware that these nefarious activities are also amongst a belt of certain people who help to build the platform may find the vulnerabilities of certain programmes and exploit same to scam unsuspecting and naive users. Beware.

The streets of crypto is full of so many things, both good and ugly. The issue of hacks and scams have been a very worrisome issue. Exchanges as well as private wallets are hacked and funds stolen. It all boils down to personal security, staying alert and vigilant. These can only try but can never kill Bitcoin.

The hacks you're talking about are usually companies going bankrupt and making up fake hack stories to run with whatever money that have left. What would you expect? We are back to Bitcoin prices from the beginning of 2017, many companies that started to believe in cryptocurrencies in 2017 and 18 are now barely hanging on.
The price of Bitcoin in fiat in a given month doesn't change much. It takes only a month for Bitcoin to go from 5000 to 20000. Today we are at 3 and tomorrow could be at 5.

I believe that you trying to help but i don't think this is the main cause of the current change in the price of Bitcoin. This activities are just no threat to Bitcoin. If it was possible to kill the use of Bitcoin, like it would have dead in the previous years. By the way, thanks for sharing this to need people keep their wallet safe from hackers.

My opinion is that Bitcoin is more in danger from people who intentionally want to drop Bitcoin then accidentally. There is lot of manipulation on the market which does not do good and drives away investors. This is an unregulated market after all.

You describe the obvious things that everyone does before registering on any exchange.The most important thing is not to Shine your private keys and, if possible, use either hardware or cold wallets.I also from my computer almost never go to little-known sites.Thus, the chance of not losing your assets increases significantly.But even if my wallet gets hacked, there's nothing to steal.Another thing is if it was stolen the private key of a whale.because of such errors in principle and may start to fall course) Because it is a fact that the thief, in any case, after the theft will definitely want to sell the assets.But I'm sure if they were stolen, it would be an isolated incident, because all whales keep their valuables as safe as possible.

The title was probably a bad one. Too many people that have been here for a long time (and should know better) seem to have become victims of hacks. For example, the get-paid.com wallet hack is a good example of this. They should’ve used more secure browsers and learnt more about bitcoin (such as multisig with hardware) before they got into their business.

I feel more startups can suffer from the same thing and there is a lot of malware that seems to be being produced at the moment to try to steal bitcoin.
P.S. can anyone suggest a better title? My creativity isn’t very good.

I personally think they are the people who are not open-minded enough to give Bitcoin a chance.
It's really sad to have people like these.

You know man, this activity will always be there. because there are many people who do have jobs to make money from hacking, if your email has been spread to the internet then you will often see phishing letters coming into your email, there are many crypto files such as wallets and so on that contain viruses to steal or other techniques, always improve our wallet security system, hackers are getting smarter

Hello.
I am a high school girl in Korea.
I left a message here for the help of an angel somewhere.
I live with my sick grandfather, grandmother and three people.
We are living in a cold room where there is no heat due to winter,
and it is hard because there is no food. I want to provide a warm
room and food for my grandfather, Halmani, and I want to go to school.
Please help me. I will never forget to thank you.
A little help is all right. I beg you.

Bitcoin : 399rqooTJBtveNXPbVSP78hdUUJFpdCoQV
Ethereum : 0x955E71eF27ae2C2C3F0a78114c38c7eEf6Fc6993

if in my opinion they are in doubt about that.
1. Their goal is to improve the present situation to be better for the future.
2. the possibility of another. to enrich. or get your own benefits without regard to other people's circumstances

Thanks for that reminder. I use to remind other people from different crypto communities that don't be too confident with their wallets / exchanges. Stay safe and be vigilant.

Last time, there's a person that sells 2nd hand hardware wallet (ledger nano s) and he keeps on debating that it is not his intention to scam. I'm not sure if he's playing dumb or really don't know about the 2nd hand hardware wallet purchase scam though you can reset it.

A lot of newbies don't know how to reset 2nd hand hardware wallets so be sure that if someone wants to purchase, go directly to manufacturers site.

This is not enough for Bitcoin's price to get killed. I don't think this is the reason why there is a very serious dump happening for several consecutive months already. Moreover, it is not just Bitcoin's price that is suffering right now. The rest are also swirling downward. Also, more than a hundred billion USD in value was lost in the cryptocurrency market within these bear months. It cannot be the hacking incidents that are the culprit for this. Huge investors must have dumped their huge holdings.

On these days, hackers just want to steal our coin or our token. Its true that we better always using 2FA if we store our coin in exchanger wallet. Beside that, to secure our wallet from hackers, we should always check the security on our browser when we visiting a website.

yes, now a new possibility arises for the reason why the price of Bitcoin is currently down. that is because of hackers
it is indeed reasonable and can also happen, indeed this is a very vulnerable internet world, cryptocurrency itself is not officially regulated by any government, so this also causes easy monopoly of prices by large investors
hackers also play an important role in the world of cryptocurrency, if the blockchain is successfully hacked and manipulated, then the history of blockchain and cryptocurrency is finished

though this may not be the major reason for the blood bath on cryptocurrency, but i think this may be a contributory factor to the situation at hand. yes because is a hacker can be able to break into an account and steal coins, he or she may sell of at prices below the worth of the token. let's be security conscious when it comes to protecting our wallets.

A few wallets getting hacked is not going to effect the price of bitcoin, unless the hacker got lucky and bagged a whale. It is when large exchanges get hacked that causes prices to fall

The number of scammers is growing. But on the stock exchange, even 2fa may not help you, since hackers are now very cunning and smart and can easily hack it. Since I myself personally encountered such a problem. And the hacking of accounts on the stock exchange and wallets can not affect the price of Bitcoin, the reasons are quite different.