Bitcoin Forum

Hackers are shifting from hacking public networks and individuals to hacking private networks and corporations to steal or demand ransom in Bitcoin.

Cybercriminals have proven that the technology is hackable. View the video below to see what they’re doing and how to keep them from getting into Bitcoins.

View the full story here: https://youtu.be/mCA2RJpIzEs (https://youtu.be/mCA2RJpIzEs)

This is probably also the logical move since employees (like secretaries or developers or junior cyber sec employees are probably fairly malleable in mentality and can easily accidentally download something that targets a backdoor on a smart phone). And as those devices get more complex, generally so do the number of bugs... AFAIK I think that comes more down to keystorage and multisig issues.

(also can you not hire a person to narrate your videos or narrate them yourself and pass it through a filter, the computer generated voices just don't have the same zest to them).

And a lot of public networks will have been taken down or seen less traffic since covid19 as the best to hack are generally in unsuspecting places like coffee shops and public transport (used much less or not at all in lockdowns).

I think it's the other way around, hackers have been targeting large corporations because:

• They can ask for big ransom money
• Security is very lax to say the least
• They can get very sensitive information that they can use to leverage, sell it to dark market for thousands of dollars
• Companies are embarrassed and will likely to pay

As compare to home based users, which they can get a cheap $30-$100 per ransom. And most of the time they're not paying for it. So it makes sense for a big hacking group to attack large corporations and companies. The bigger the target, the bigger the money they can get.

I know some people who have encryptions with their laptops and their ID is the key to that. It's not that easy to get into, but a simple mistake could be that entry point. Anyways, the video seems unclear with its message and inconsistent with its description. Since large private corporations are still starting with their "blockchain application" in their company, it's not as robust in terms of stability and blocks comparing it to the years of Bitcoin being in existence. Faster development of those apps may be a critical turning point for large corporations to prevent possible losses.

I am a little happy that cybercriminals can be shifting their attention from victimizing common ordinary guys to big-ticket victims like big corporations and organizations which can be giving them more ROI. However, we know that these people are not contributing anything good to all of us unless they utilized their immense talents and intelligence with positive projects. I am sure that this can mean there will be an expanding market for entities whose business is to secure and protect corporations from intrusions.

It takes one broken screen to flash advertise something like "you've dropped your key" or "your key stopped working" or even a text for some random employee to start trying it...


This is the competition between open source easily patched projects and closed source, hard to navigate ones. Patches in open source active communities can take minutes to solve for critical vulnerabilities and up to a few days... For closed apps, especially widely available proprietary ones it can take a lot longer to do updates (weeks or months)..

I wouldn't underestimate. There are many out there who'd give $100 or even $200 for their files to be decrypted, imagine having all the personal pictures & videos since you were a little kid on a HDD and suddenly falling victim to such hack. Besides all of that, if you're lucky enough as a hacker you could even be hired for achieving something only few (or nobody else) have been able to achieve. :)

Hackers demanding ransom in BTC have been around for a long time. They've been around ever since the Internet went commercial in fact, but they used to ask for USD/EUR instead. It's not as if since BTC's existence hacks went wild - it's just the MSM shaping up this idea that cryptos are for thieves.

At the moment I have six sets of my videos and photos.

1 in my safety box
1 at my bro in law in a different state
3 at home
1 set of photos on imgur
1 set of videos on  YouTube

Watched only the first several seconds.

The video is quite misleading and is not helping people get educated about Bitcoin, cryptocurrency, and blockchain.

First, they say that the blockchain technology came out with a claim that it is unhackable.
However, "since 2017 hackers have stolen around $2 billion in cryptocurrency."
Therefore, the blockchain technology is not unhackable.

This is fundamentally wrong. The proof did not debunk the claim that blockchain is unhackable. Therefore, the conclusion is false. What was successfully hacked was not the blockchain itself. What was hacked were wallets and related files and data and so on, but not the blockchain itself.

• The Bitcoin network, which is public, has never ever been hacked.
• Private blockchains used by large private corporations are not even decentralized and therefore should not be compared to Bitcoin's.

Right, there's a lot of wrong information in this video in the first place. The OP might be the author of this video so this is just a clickbait in my opinion. Keeps on mentioning about blockchain technology being "hackable" which is very misleading. And then in the middle of the video, the pandemic was being discussed, Lol. Don't waste your time watching this video guys.

That's seven! :D You're probably one of the very, very few who are splitting their personal data in different places. Most are either holding them on Google Photos/iCloud or keep them on a HDD/SDD they use on a daily basis. I keep my personal data on a few very well encrypted hard disks which are also hidden well in case my house burns down or someone steals part of them.

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This shows how much the author of the video really knows about cryptocurrencies. Whenever I tried to show more knowledge than I have, I failed miserably. The whole "X Bitcoins have been stolen" makes it look from the outsider perspective like someone could push a button and magically scrap the balance off your wallets without having much data about them.

Can this video be considered as a "full story"? There were no companies mentioned, there were no types of ransomware mentioned, there were no data given how the shift from public to private attacks happened. To be frank it's just like a promotion video fro cryptocurrency rather than anything else about private companies being attack by hackers. I've watched the video twice hoping to find some more detail about your piece but it doesn't give any, there were also no sources to be found in the video itself.

First, I don't have much to show as my knowledge is very limited, but at least I don't create videos about it to be posted on the internet.

Second, I guess it is very basic knowledge among Bitcoin followers that hacking Binance is not hacking Bitcoin in the same manner that hacking Bitfinex and Mt. Gox is not hacking Bitcoin. Neither does hacking your individual mobile or desktop wallet tantamount to hacking Bitcoin.

Third, it is also more or less basic knowledge that Bitcoin is not 100% hack-proof. There is that theoretical 51% attack. So it is next to impossible or very hard or difficult to attack Bitcoin but those descriptions are different from being unhackable.

What should be in the mind of meaningful Bitcoin/crypto users is how to create a well decentralized community/system within the Bitcoin or a crypto network to quickly investigate and retrieve such crime money from hackers and hand them over to police. I think the community would work in collaboration with security agencies to do the investigation and retrieving. And their activities may be private but must be immutable and recorded somewhere on the network for future references.

By the way, nothing stops hackers from doing this with physical currencies or even via banks in lots of countries.

I was about to watch the video after reading the reply here, lucky I read your reply, I could have wasted several minutes there. 

It seems it is a half baked storytelling stuff.  Without any examples of the said topic.  What worst is that it is very misleading according to the reply of Darker45.  @OP, you could have done your homework well, showing this kind of stuff to in Bitcointalk where many members are quite knowledgeable about BTC.blockchain.  Alas, you just rely on your understanding about Blockchain without doing proper research.

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Hackers strike whoever their victim is as long as they can get money from them.  So don't feel relax reading the title of this topic.  They have always been attacking both large corporations and regular person for money.  So don't be misguided by the topic of this thread.

Crime of technology is now very dangerous. They have too many tricks to steal our assets! Even fraudulently demanding ransom, if not meet we will lose the account. Large corporations are prey to criminals. Because they are confident they will pay a ransom for many important data indispensable.

It's quite unfortunate how these hackers only use their sophisticated knowledge in computing for only bad purposes. I mean, if you are smart enough to exploit a bug or loophole in any network or wallet then you are equally talented to develop one. So why don't you put effort into that  but rather prefer stealing the funds of users.

Perfect example here is people who gamble in casino. They are gambling even though they can just stick to there normal job to get profit. But the common nature of human is to get profit for short period of time. Its same to the case of hackers. They can easily earn money by hacking corporate website while they are chilling on there grandma basement. I'm not defending them but pointing out there ideology on how they come up with that action.

Maybe, but if you are just talking personal pictures and videos then most probably they have a backup.


Yes this kind of ransom has been with is for the long time, even prior to the advent of cryptocurrency. It's just the cyber criminals have evolved as well, seeing bitcoin as a good 'alternatives" for them to use to extort money and they can hide behind mixers and other tools to obfuscate their identity.

This kind of action is not new because most of the hackers today are using the bitcoin or the cryptocurrency as a payment to their issues and recently I found a case on the hospital that is the hackers targeted their personal database and information of the people which is more confidential and more risker if this will going to leak because those are the information which is more sensitive and the hackers immediately paid because it's better to secure the information.

Those articles I found got already action by the government and even this is a blockchain transaction there is a way to recover and find the true hacker with the use of the virtual footprint this is the process where a hacker cannot remove their small information they've used hacking the system of the hospital. For now, I didn't get any news and ideas if they already found out the hacker but still, they are looking for it because still, this is a crime.

Isn't it natural? I mean, they now have a medium in which they can potentially actually run off with the money without being traced. Imagine if they still used mediums such as asking them to pay via paypal to a certain account, the numbers could be traced, just ask the paypal service, and you can slowly identify where and who the owner is. Bitcoin on the other hand has this option for you to completely run away without being even seen. Sure, wallets could be identified but that's its limit. It can't really identify the person involved.

Additionally though, stealing in cryptocurrency doesn't necessarily mean that the blockchain was hacked. It was more like exchanges were hacked and a few people ignorant of hardware wallets stored their entire fortune of crypto in there, leading to pretty much it being stolen. Also, if you were going to make more such videos, present facts, WITH sources. It lacks a lot of information imo, and is just a topic that is circling around and around without going anywhere.

It's a normal hacking attack for the hackers they are now attacking those big companies or corporations so they could have more money than before. Hackers are always there when we are talking about money, they are so knowledgeable about that thing which they can access some big company's secret information and money.  I really don't understand those people who have so much knowledge, they can use their knowledge in some good ways that can earn money as well, why they are using it for bad things. Even though hacking is easy money, it is still dangerous.

This is nothing new.The never ending battle against cyber criminals will continue forever.
I've seen Youtube videos about call centers located in India,that are acting as a "tech support" and manipulating their victims into downloading remote access software like Teamviewer and gaining access to the victim's desktop.From there,they just login into the victim's bank account and steal everything.
Hacking corporations has a different tactic,but those hackers get very advanced.
The weak spot of every technology is actually the human factor.If the human factor is reduced(like in blockchain technology)the weak spots are way less and the system is harder to get penetrated.
Crypto trading platforms are still centralized,which means that the human factor still play a huge role.

yes they wont stop  . they work round the clock because hackers also want more wealth   . its no surprise if hackers are going for btc because of its popularity  .  btc is also digital so its eaasy to steal or ask for it as a ransom than compare to other form of currencies   .  upgrading security can help a little  , i say only little because i see many old companies with new securities that are still getting hi jacked   . its more dangerous now knowing that hackers are now into private large corporations

What can you expect? They have the ability to enter big companies and corporations that easily. Hackers are always there, they can access your accounts through network when they have to so increase your security and make your passwords long as long as you can.

Don't make them easily enter your accounts, always be mindful and careful because they will everything just to steal your information and money. We should not tolerate those wrong doings because people are losing their money in an instant, large corporations are just a big fish if they have access to it.

If they doesn't have money anymore, they will find another prey to attack.

This is how hackers are moving and they are targeting anybody or anything. From exchanges to now large corporations. Since Bitcoin is pseudo-anonymous, the hackers can hide in the shadows easily and can hide their identity that easily. With this, large corporations must upgrade their security system right now. They have many money so they hire and upgrade it and pay them easily.

ransomware is what it is called and this has been around for a while now. The reason why they are targeting large organization is because of paying high reward. This people choose bitcoin as the most of their payment means due to the anonymity nature of the technology. What can safe many of the organization that might be vulnerable is to keep using various security means that are up to date and always carry out scheduled security auditing. For every individual, it important to always crosscheck website before proving your wallet details and also checking crypto addresses before making any transaction.

That is for you, because you can't be expected to some people there especially newbie to crypto currency.

They will be interested to follow every information given by hackers until they fall to the trap.

At least if we try to always give attention and caution the newbies will know that is a hacking/scam attempt and they can avoid it for sure.

That is why social engineering type of hacking do exist because we know that humans can really be easily be deceived nor be fooled and that what most hackers trying to
do when they can brute force  a security system and with this they can still have the chance on accessing or having backdoor due to careless move by a certain person or employee on a
specific company/organization etc.

Hackers would always exist thats why we should really be serious in terms of security.They are always one step ahead and do also continue to advance in talks
of penetrating or hacking into their targets.

I don't see what you mean by 'technology is hackable' because Bitcoin itself surely isn't. It's all about vulnerabilities of other things, such as people storing password unsafely, falling for scam schemes, downloading malware or something similar. I've seen the video, but I don't think it disproves the unhackability of Bitcoin blockchain itself. The company that implements Blockchain introduces vulnerabilities, but it's their vulnerabilities, not those of Blockchain. If it were indeed the case, that video would have way more views and the era of cryptos would be over.

Hackers know large corporations have many weak points and they also have lots of valuable data that can bring down these companies if it gets encrypted. Many large groups or companies do not backup all the data on their computers, they only backup large databases.

These hackers target the data that are not backed up, because they know the companies will pay the ransom if they encrypt that data. Most individuals will lose family videos or holiday pictures and will not pay large amounts of money to get it decrypted.

This is also why hackers are targeting large exchanges, because they can get two things with one hack, namely :

1. Coins
2. Private information that can link people to their other coins.

At least, with the upgrade, their security system can get an update so they will only need to maintain the system, and always scan from the attacking. If they can do that, I think the chance to get another penetrating of the hacker can reduce too. But some company will think that it is no need to upgrade because they are very confident with their system. I think that will not good for them as if they know that technology will always grow, and we don't know what will happen in the future.


The hackers know that the exchange of making a lot of money, so that attract them to try the security, and they found that the exchange has some bug that they can break to enter to the system or database. They will easy to move anything inside the server because they can go inside without any problem. It is a challenge for the large corporations to keep their security in high priority so the hacker can not enter their site.

I wonder what was the purpose of you creating this video? how many cases of hack involving Fiat are there? there are thousands of hack cases involving Fiat and in many cases the hack is driven by political issues

Honda's global operations hit by cyber-attack (https://www.bbc.com/news/technology-52982427)

in this case of Honda for example I think it must be related to political issues, we cannot put bitcoin as the main preference of hackers when we know that long before bitcoin existed there were already cases of hack involving Fiat.

There is nothing like shifting targets, these people are targeting every body. They don’t care whether you’re an individual or company, as long as they are able to find a way to break through your computer they are going to do just that. The reason you’re saying this is because you’re seeing more report of them hacking companies and you now feel that they are no longer hacking individuals.

So, don’t feel relaxed, everyone should always try to maintain their safety precautions as per prescribed by security experts and avoid anything that will make them a target for hackers. The things you’re meant to do is no longer a new thing, there are already lots of articles online that will teach you how to stay safe; hence I guess I do not need your video. If you have something new, then please let me know here then I will try to watch it 8).