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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: S3300 on May 01, 2022, 07:39:13 AM



Title: Not all hacked on exchanges are real
Post by: S3300 on May 01, 2022, 07:39:13 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.


Title: Re: Not all hacked on exchanges are real
Post by: KaliLinux on May 01, 2022, 08:13:56 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Unless you have proof that such and such exchange hack was an inside job, then all of the exchange hacks have been perpetrated by outsiders and some have been apprehended and I don't think it is the job of one exchange to help trace the hackers of other exchanges when they have their own to protect but the law enforcement responsible for such acts have proven themself in the past.


Title: Re: Not all hacked on exchanges are real
Post by: makishart on May 01, 2022, 08:23:29 AM
This may be true but i do believe if it's not only on the exchange site. There are so many projects were claiming got hacked to be an inside job. Sometime the hacked case used as a reason for them to avoid the legal action from the investors. This is used by scammers to fool the investors and run away with the money. The same case happened with youc token as well. In my opinion that we never known about the truth as the internal party itself who has known about the truth. What we can try just to speculate about what will be happening with the market.
Some may be hacked like what happened with kucoin but some may not.


Title: Re: Not all hacked on exchanges are real
Post by: Tytanowy Janusz on May 01, 2022, 09:35:18 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is

Some of then for sure are an inside job. I have even better "consiracy theory" that most of crypto exchanges are using fractional reserve system:

Money creation system - is bitcoin creation resistant? (https://bitcointalk.org/index.php?topic=5094088.msg49096584#msg49096584)

And crytpo exchanges profit from this all the time as long as they wont underdo the reserves and lose liquidity. That day they announce hack and transfer losses on users.


 
I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

Kucoin was hacked and lost $285 M in crypto. According to this article they manage to recover everything:
https://cryptopotato.com/kucoin-ceo-reassures-they-recovered-all-285-million-stolen-in-last-years-hack/

They were cooperating with almost all projects asking them to burn lost tokens (with success) - including tether. The biggest unrecovered loss was BTC that could not be burned by devs (satoshi is gone, BTC is the real decentralized crypto) and ETH the founds were insured and recovered. No user were harmed.


Title: Re: Not all hacked on exchanges are real
Post by: JangoUnchained on May 01, 2022, 09:46:37 AM
Might be true but not all hacks and moreover why would an exchange be responsible for getting back what another exchange lost? I have seen Binance exchange doing such before which is very good of them but it's a big shame for other exchanges not to have any plan for any possible hacks that may happen at any time, this is why Binance is one step ahead of other exchanges.


Title: Re: Not all hacked on exchanges are real
Post by: Farma on May 01, 2022, 11:01:05 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
this is still a conspiracy among crypto users. because it will be speculation if we do not find accurate evidence. maybe it's true that not all hacked exchangers are actually hacked. it could be a strategy they came up with to steal users' money. it just can't be proven. other than that, as long as they are still responsible as was the case with binance, it's probably still understandable. because this is why we have to be careful doing transactions on new exchanges.


Title: Re: Not all hacked on exchanges are real
Post by: Bttzed03 on May 01, 2022, 01:20:14 PM
~ the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Exchanges such as Binance would definitely help if a certain address had been flagged that it belongs to the hacker. It's not really their job to conduct an analysis and follow the trail of funds. What usually happens is that the victim would inform these exchanges that the hacker deposited to their platform and provide evidence.

My question to you is do you know of any hacked exchange that claims they were ignored by top exchanges after asking for help?


Title: Re: Not all hacked on exchanges are real
Post by: lablab03 on May 01, 2022, 01:58:14 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
probably it's possible to become a inside job when it comes such situation, but for sure it's impossible to happen in some trusted exchanges that have big communities, such what is popular nowadays, coz they are very trusted and once there's a hacking issues they can fix and solve it immediately.

And if there's an exchange that has problem because of hacking, it's not necessary to help them especially with the top exchange coz it's not their problem. And basically we can called it inside job if they don't show a evidence for their community.


Title: Re: Not all hacked on exchanges are real
Post by: Taskford on May 01, 2022, 02:06:33 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

Absolutely that's why I never believe on those exchange which get hack unless they show a proof like reporting it to proper authority and gives updates about the situation. If they didn't show any legal proof then we can conclude that this is part of exit scam and we see some cases happen for several scam exchanges.


Title: Re: Not all hacked on exchanges are real
Post by: bestcoins1 on May 01, 2022, 02:13:32 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
I also don't know why it happened that way because everyone who is outside the exchange or as a user of the exchange can only know it through other people's words or news written by other people.
Because every strange thing that suddenly happens in the market, only insiders or the stock exchange itself knows about it, the rest is nothing.


Title: Re: Not all hacked on exchanges are real
Post by: Husires on May 01, 2022, 03:25:18 PM
All these questions are caused by the absence of a regulatory framework for most of these currencies, and therefore who will investigate if a breach occurs? Nobody, but it is their way to get rid of legal consequences or the obligation to pay customers' money.
These risks increase if the platform is decentralized or claims to be.


  • If the platform is able to work after the hack without problems, the reason may be to get rid of some legal consequences.
  • If exchange can't keep working, maybe it's an "exit SCAM" or the hack is a true story.
  • If you notice that all decentralized platforms are centralized at some point (unless you host the platform yourself) then they can steal your money and write off that you already have records.



Title: Re: Not all hacked on exchanges are real
Post by: Jackl87 on May 01, 2022, 03:36:00 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

Well the crypto space is full of scammers and bad people that want to steal the hard earned money from others. So in theory an exchange could also do such a thing i mean, you just need to pretend, that an hacker has took control over several exchange wallets while in reality the exchange team or only one guy of the exchange team was sending those token to himself. I would guess that exchanges can be insured against hacks like that so if they can make the insurance company belief that this was really an outside hack than they would get the funds from the insurance and they would get the tokens that they have transfered.
Of course this is just a theory and i would never make such claims unless there is certain evidence.


Title: Re: Not all hacked on exchanges are real
Post by: Coyster on May 01, 2022, 03:40:02 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Honestly your theory would need some backing or the other if we are to go with you, mind you that you prolly might be correct but is there anyway to be sure, a data, link or whatever that buttresses your point. But notwithstanding i would comment on the aspect i am pretty certain about even if it is slightly not in line with your topic, and it is that people should not store their funds in an exchange wallet, they should move their funds to a non-custodial wallet and have possession of their keys/seed phrase (remember, not your keys= not your funds), that way they would not have to worry if exchange hacks are genuine or if it were perpetrated by the exchange itself. Since exchange hacks are quite popular in the crypto network, it is much better to basically do whatever you want to do on an exchange and immediately move your funds into your own 'personal' wallet, even if you are to leave funds on exchange platforms, make sure it is just a very little sum.


Title: Re: Not all hacked on exchanges are real
Post by: TastyChillySauce00 on May 01, 2022, 03:52:28 PM
I know that and i have been seeing so many hacked cases happened. The problem is when people keep getting trapped into the same thing again over and over. As you can see that so many people didn't even know about the truth. it's hard to predict whether that would be an inside job or not. So many times people were calling it as an inside job but again you need to prove it.
AFAIK the exchange site was not also so transparent to the its users or even investors. So, it's very hard to predict whether that was an inside job or not even when we believe that was an inside job but the none knows about the truth.


Title: Re: Not all hacked on exchanges are real
Post by: zasad@ on May 01, 2022, 03:53:42 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Any exchange can perfectly legally take money from its clients, because its team sees all the positions of traders and can trade perfectly. If the exchange has futures, then this is a very easy way to start earning millions of dollars. Why would an exchange initiate a hacker attack?


Title: Re: Not all hacked on exchanges are real
Post by: Devifajarina on May 01, 2022, 03:54:10 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
So far as long as I have been in crypto, no one has been able to prove that the exchange was hacked, let alone the absence of evidence that can be used as an accurate source, of course someone has tried to do so, because there are indeed a lot of hackers now who have the ability to do this, but is it possible? they do that, actually I doubt this is done by them, so be careful in exchanges that don't have a strong security system, maybe this is a form of their hands off for people who use the exchange


Title: Re: Not all hacked on exchanges are real
Post by: vanesha on May 01, 2022, 04:00:04 PM
I've never thought of this before, but what you're saying may be true. Usually nowadays hackers happen because of user negligence, if it is looking for loopholes from within the system itself of course it will be very difficult if they never work there, it takes a long time even with the existing security it shouldn't be completely hackable if they come from outsider.


Title: Re: Not all hacked on exchanges are real
Post by: Similificator on May 01, 2022, 04:14:55 PM
This conspiracy theory is quite plausible and may possibly be true in some cases. About other exchanges helping, well I guess every man for himself? I don't know. What's sure though is that when exchange hacks happen a lot of people get affected specially newbies because most of the newbies make exchanges as wallets and keep majority of their funds in those exchanges. Heck, if exchange addresses accept altcoins the way normal wallets custodial/noncustodial would, I bet they'd opt for an exchange rather than a safe wallet.


Title: Re: Not all hacked on exchanges are real
Post by: cabron on May 01, 2022, 04:23:52 PM
This conspiracy theory is quite plausible and may possibly be true in some cases. About other exchanges helping, well I guess every man for himself? I don't know. What's sure though is that when exchange hacks happen a lot of people get affected specially newbies because most of the newbies make exchanges as wallets and keep majority of their funds in those exchanges. Heck, if exchange addresses accept altcoins the way normal wallets custodial/noncustodial would, I bet they'd opt for an exchange rather than a safe wallet.

It could mean they are the ones robbing their own and put on a show that they were hacked. When they report like this, they should provide proof that they were hacked and how the hackers got in. This kind of gray part because revealing these loophole will ruin the reputation of the exchange and the dev team exposing their faults.

I  have that in mind when Poly Network was hacked which the hacker gave back the amount, its  quite interesting how one hacker who got the chance of his life to live not as nerdy as people would think he is, gave away the fortune. And one would think its an inside gimmick for marketing.


Title: Re: Not all hacked on exchanges are real
Post by: Bitstar_coin on May 01, 2022, 04:29:40 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

There is a probability some hack are inside job (just a probability and not a fact) since you can't prove the hack was aided. But sometimes if you look at the scenario surrounding some of the hacks that has happened, some are questionable, how easy it was for the hackers and sometimes some of the culprits are never caught.

The frequent occurrence of exchange hacks is enough to make people wonder and question the truth behind them. Definitely very fishy. Either the exchange itself or some disgruntled staff or an unjustly fired ex-staff wants to sabotage the success of the exchange


Title: Re: Not all hacked on exchanges are real
Post by: Ifemini on May 01, 2022, 04:48:37 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

It is hard to determine which is a true hack or which was a planned / coordinated / man made hack by which separate exchange platform use as excuse to exit scam. Either true or fake, this lay more emphasis on why you should not keep or store your assets on centralized platforms. Get yourself a paper wallet; move your funds, trade, take profits, move them back to wallet after trade, rinse and repeat. The blockchain has zero emotions, so ensure you do the right things


Title: Re: Not all hacked on exchanges are real
Post by: mdzahed134 on May 01, 2022, 05:26:00 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

It is hard to determine which is a true hack or which was a planned / coordinated / man made hack by which separate exchange platform use as excuse to exit scam. Either true or fake, this lay more emphasis on why you should not keep or store your assets on centralized platforms. Get yourself a paper wallet; move your funds, trade, take profits, move them back to wallet after trade, rinse and repeat. The blockchain has zero emotions, so ensure you do the right things
I agreed with you, we shouldn’t hold any tokens in the centralized exchanges (even if which is top exchanges), because cex can be hacked at any time and exchange will not able to refund your money, though after a few big exchanges hacked they refunded their users money from their own fund as like Binance but mostly exchanges aren’t able to recover.


Title: Re: Not all hacked on exchanges are real
Post by: Reid on May 01, 2022, 05:44:29 PM
I believe it does happen but the problem is we don't have proof to back it up. It's all just speculation.
It happens, not even a rare thing. If an exchange want or a centralized wallet want out they can make reasons to do it in an evil way. But they are questioned when they do it, they cannot just get away easily especially if they have an office in a country that is strict with this kind of rules. i.e. Singapore.
Why? Admitting Bankruptcy will make them lose more instead of gaining while trying to get away with a reason of being hacked may give them a profitable chance.


Title: Re: Not all hacked on exchanges are real
Post by: BitKongy on May 01, 2022, 06:00:59 PM
We will never know the truth even if such is happening underneath, I am standing on the fact that I get my money or assets back if a hack takes place on the exchange that I am currently using, other problems is none of my business, this is why I trust binance exchange even more.


Title: Re: Not all hacked on exchanges are real
Post by: alik111 on May 01, 2022, 06:15:34 PM
This is true that all the hacking on exchanges aren't real. Because sometimes when they think about stealing funds or when any project want to scam they announce that they have been hacked. Its a trap from scammers.


Title: Re: Not all hacked on exchanges are real
Post by: TopT3ns on May 01, 2022, 06:48:14 PM
I think that cases of assets being stolen from exchanges have become a common thing in the public and are not a public secret anymore because until now there are still many people who are affected by cases like this because perhaps it is from the exchange that it is starting to look difficult to make withdrawals or find it difficult to get them. access. So in my opinion the safest place to store your assets for a very long time then you can use a trust wallet, blockchain or other wallet that you can monitor at any time.


Title: Re: Not all hacked on exchanges are real
Post by: max6575 on May 01, 2022, 07:22:14 PM
hindsight bias.


as exchange manager works on manipulation of data and information there laid of identification with the investors/trader opinion, voting behavior with the reference of structural and cultural study with investors absence, and more of different interest group as working on appeals as measuring phenomenon with the field of business of the crypto finance.

that manager might gives of message of anchoring on returns with the consequence as public might believes the intelligence on release from the fundamental institution to gives with the consequence on public of investors as moving on direction with the initials as they finished with the study.


Title: Re: Not all hacked on exchanges are real
Post by: Silberman on May 01, 2022, 07:49:45 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
This is something that I have always suspected, without a doubt hackers are very capable of stealing from centralized exchanges or from coins which have holes on their smart contract, however it is also very possible that a number of those supposed hacks were instead inside jobs so the developers could blame someone else while at the same time they try to appear as the victims when they are the perpetrators of the crime, however it is not possible to know how frequently something like this happens and we can only speculate about how common something like this really is.


Title: Re: Not all hacked on exchanges are real
Post by: el kaka22 on May 01, 2022, 08:34:20 PM
OP didn't say "all" hacked exchanges are fake, of course there are some which are true and I am sure OP is not against that. The fact however stands that some of them are fake, and some of them just take your money and say that they were hacked and get away.

These days it's hard to be a brand new exchange, between all the known and preferred places being at the top and picked by everyone, plus the DEX places called swaps that get no trust required at all, it's rare to see exchanges exit scam but it's still there. Hell, we literally had a netflix docuseries regarding this topic as well, some exchange which suddenly kept everyone's money because owner "died".


Title: Re: Not all hacked on exchanges are real
Post by: sunsilk on May 01, 2022, 08:41:32 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Yeah, that's our speculation that there's an inside job.

But there's no need to think about it if the exchange has been dropped off a lot with their losses through that breach. And why would another exchange will help a hack, a loss that has happened to the others?

They should be prepared to any possibility if it's related to their funds. They should have a safe for which they will use upon experiencing it but hopefully, won't happen to all of them.


Title: Re: Not all hacked on exchanges are real
Post by: yazher on May 01, 2022, 08:43:32 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

Some rumors said that the hacking incident in Binance years ago was part of the plan to execute their way of recovering their client funds and make everyone invest in them at ease without worrying about their funds getting hacked anymore. So Yes! things like that in crypto exchanges are happening and there are some exchanges that fake their hacking incident to disappear and run away along with the funds of their users. That's why everyone is recommending us to buy our own hard wallet to meet our crypto assets safe with us.


Title: Re: Not all hacked on exchanges are real
Post by: BIT-BENDER on May 01, 2022, 08:52:03 PM
We could keep arguing wether if a hack on an exchange is real or not, but it won't change a thing because millions of people has felt the wrath of being affected when an exchange got hacked. Well, if they have stuck to the rules all these would not have happened.
 As a Crypto enthusiast or someone into Crypto, you will know it's not wise to keep your funds in an exchange wallet, rather is best to put all your funds in your personal exchange where you have your own private security on it


Title: Re: Not all hacked on exchanges are real
Post by: Marvelman on May 01, 2022, 09:26:33 PM
Of course, like everything in crypto these things can happen, but I would rather be safe and not have anything happen to my own coins. This is more in terms of security because I feel like it can happen with exchanges and their crypto wallets. No matter what anyone will say I still don't have confidence in these large exchanges and would rather have my own wallet that I can control my funds.


Title: Re: Not all hacked on exchanges are real
Post by: CaVO32 on May 01, 2022, 09:31:11 PM
Of course, like everything in crypto these things can happen, but I would rather be safe and not have anything happen to my own coins. This is more in terms of security because I feel like it can happen with exchanges and their crypto wallets. No matter what anyone will say I still don't have confidence in these large exchanges and would rather have my own wallet that I can control my funds.


Let us put it this way. The possibility of this scenario is always there. So it is up to you as a holder to take care of your funds. Because these exchanges have their priorities on how to take care of their business and not to lose it. Hacking, inside job or not, is still a dilemma of most crypto users upon using an exchange. This is why some prefer to use DEX as much as possible. But most of the time, we can't avoid using centralized exchanges because they have services that DEX can't offer.


Title: Re: Not all hacked on exchanges are real
Post by: Issa56 on May 01, 2022, 09:43:06 PM
Seriously you might be right, but I believe most of the exchange that will be claiming they have been hacked, which the hack is from inside will be probably exchange that don't really have reputation, those are the exchange that just want to steal from their customers that's why whenever you are using a exchange always make sure you are making use of reputable exhange to avoid things like this.


Title: Re: Not all hacked on exchanges are real
Post by: nurilham on May 01, 2022, 11:19:23 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Seriously?
Do you speak this without any proof?
You cannot accuse like this dude. at least, give us make sense reasons why they should be like this because exchange hack will also decrease the trust and reputation of the exchange itself, especially relate to the security system
How can they risk this by making fake hack?


Title: Re: Not all hacked on exchanges are real
Post by: Ararbermas on May 01, 2022, 11:29:52 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
yep i do believe as well, especially those exchanges that has low rating and doesn't have a good feedback , surely it quite skeptical if there's such issue exist because you don't know if there's a chance to recover your funds afterwards.
That's why i prefer to use which is most secured and trusted platform just to prevent such issue. not your key not your coin, so much better to choose which is better to assure everything is in a safe hand IMO.


Title: Re: Not all hacked on exchanges are real
Post by: TribalBob on May 01, 2022, 11:38:18 PM
actually no one really knows who is the mastermind behind the hack, but from the conclusions I read from the opinions here, the exchange party will definitely seek the truth if it is an insider / outsider who did it
and hacking is often used as an excuse for the exchange when the token value goes up 100% and even more so that there is an improvement


Title: Re: Not all hacked on exchanges are real
Post by: zonefloor on May 01, 2022, 11:44:45 PM
I absolutely agree with this view. In general, exchange platforms are either hacked with the help of insiders or hacked by outsiders. In hack attacks by foreigners, most of the exchange platforms already cover the losses of their investors if there is a problem caused by them. Also, some of the exchange platforms can say that they are exposed to hack attacks when they want to take their investments and escape. In other words, they are stealing the investors' money and they are closing their sites completely, saying that our site was hacked and we are online a few days later.


Title: Re: Not all hacked on exchanges are real
Post by: Devifajarina on May 04, 2022, 01:59:34 AM
actually no one really knows who is the mastermind behind the hack, but from the conclusions I read from the opinions here, the exchange party will definitely seek the truth if it is an insider / outsider who did it
and hacking is often used as an excuse for the exchange when the token value goes up 100% and even more so that there is an improvement
Even if it is true that this is done by hackers in carrying out hackers, it may be very difficult to reveal who is behind all of this, unlike if this is done by insiders, it must be very easy to find the perpetrators who carried out hackers, because after all access to enter the system is very dependent on the command. given, a hacker doesn't easily hack if not given access as a notification, there are definitely controls that can be turned off if this happens by an outsider


Title: Re: Not all hacked on exchanges are real
Post by: Xxmodded on May 04, 2022, 02:36:01 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
I am waiting with this tread and topic discussing because many issues with exchange market hacked but I have the same ideas with you because not all hacked on exchanges are real, they make claimed by their self about exchange hacked but its not trues how to stolen funds easy by giving fakes news. But have several exchange close transaction when got hacked although later give back assets for member. Waiting with next cases will have exchange hacked and giving the same reason or not?


Title: Re: Not all hacked on exchanges are real
Post by: Blowon on May 04, 2022, 05:45:08 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Actually I also have a strong suspicion about it, a program that was created must have been equipped with high security layers. Especially when it comes to user property rights, such as brand assets on the platform, of course the security of the platform is made as perfect as possible. While there must have been a loophole, it would have taken at least years to get to it and it wasn't easy, unless it was an insider's negligence that led them to lose their exchange assets through their own fault.


Title: Re: Not all hacked on exchanges are real
Post by: cryptoaddictchie on May 04, 2022, 06:41:23 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Maybe got a point. Its kinda hard to track a centralized exchange on chain, which was hacked. Even the said exchange hacked, there is no showcase of it that can ve seen onchain. There arr plenty of movement in and out of big markets and seeing this will give us only minor views that can ve verified that the hack is that.

Its more seen on decentralized but when we talk avout cex hacked it could be an inside job as well.


Title: Re: Not all hacked on exchanges are real
Post by: makishart on May 04, 2022, 08:06:29 AM
yeah but you can't sure about that as everything hidden by the team. As a public and what can you do to prove it? I know that so many people are also concerning about this problem but remember that you must also aware if none has proof for that. Rather than doing random scam accusations that can be a boomerang for us and it's better not to deal with that kind of exchange site again.
This case was happening so many case but people are so difficult to prove it.


Title: Re: Not all hacked on exchanges are real
Post by: awik p on May 04, 2022, 09:53:35 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
Maybe got a point. Its kinda hard to track a centralized exchange on chain, which was hacked. Even the said exchange hacked, there is no showcase of it that can ve seen onchain. There arr plenty of movement in and out of big markets and seeing this will give us only minor views that can ve verified that the hack is that.

Its more seen on decentralized but when we talk avout cex hacked it could be an inside job as well.
Hacking is an act of theft that occurs on an exchange, it is logical that an insider could do it. because not a few said they were hacked and their exchanges were closed, and that was just an excuse. especially in the absence of a clear legal basis, it seems to be an opportunity for them to make it a job. therefore I personally prefer to keep it in a personal wallet, to maintain security, because we find it difficult to file a complaint when that happens


Title: Re: Not all hacked on exchanges are real
Post by: bittick on May 04, 2022, 01:09:54 PM
So, who will know agenda that already planned by the team? The only thing that investor can do to get back their money from the scammers but it's almost impossible since the funds will always be sitting in the new address which was not controlled by the team of platform that got hacked. the scammers who act like a develop who will always be using this kind of trick to fool others and investors.
The difficult thing is we can't prove it easily and that means it's hard to bring the scammer who claimed to be a hacked case to the court


Title: Re: Not all hacked on exchanges are real
Post by: Henrobakkara on May 04, 2022, 01:36:50 PM
I've never thought of this before, but what you're saying may be true. Usually nowadays hackers happen because of user negligence, if it is looking for loopholes from within the system itself of course it will be very difficult if they never work there, it takes a long time even with the existing security it shouldn't be completely hackable if they come from outsider.
I kinda agree too but I guess that leads me to ask this question since I really don't have much info on it. Has there been any exchange hacking activity that has happened and later resolved that has had links to been done by some insiders? As I said, I believe this can happen because humans are devious and especially in this crypto space.


Title: Re: Not all hacked on exchanges are real
Post by: vanesha on May 04, 2022, 01:59:58 PM
This conspiracy theory is quite plausible and may possibly be true in some cases. About other exchanges helping, well I guess every man for himself? I don't know. What's sure though is that when exchange hacks happen a lot of people get affected specially newbies because most of the newbies make exchanges as wallets and keep majority of their funds in those exchanges. Heck, if exchange addresses accept altcoins the way normal wallets custodial/noncustodial would, I bet they'd opt for an exchange rather than a safe wallet.
Unfortunately theory alone is not enough, even though it has strong reasons, without any evidence we do not have any right to appoint a person even if he is guilty. I just can't understand, if it really happened to their insiders, why should it happen whereas to build their community and users it takes a long time, if the insiders attack on purpose, they just destroy what they made. Maybe a traitor?


Title: Re: Not all hacked on exchanges are real
Post by: X-ray on May 04, 2022, 03:17:40 PM
When you are accusing the exchange sites that accudently hacked by hackers and fund were being stolen and they will ask you was there a proof for your accusation. in this case your speculation may become a very bad thing for you. Im sure that others will have same opinion like you but they can't prove it and so that will be useless and waste of time.
Just let exchange sites and its users to solve its problem by themselves. So many exchange sites exist in the market but only some that can handle this problem so well.


Title: Re: Not all hacked on exchanges are real
Post by: 0verseer on May 04, 2022, 05:48:17 PM
This is nothing new, plenty of us already suspect most of all recent hacks lately likely collaborated between hackers and insiders of a project or exchange. What is more important is how to prove it with concrete proof to make those doing the inside jobs with hackers return their ill-gotten money back to the victims. This is also a lesson for anyone investing in project or using dubious exchange. Scam and hack today are quite clever and not the old bitconnect trick anymore.


Title: Re: Not all hacked on exchanges are real
Post by: lixer on May 04, 2022, 09:24:50 PM
actually no one really knows who is the mastermind behind the hack, but from the conclusions I read from the opinions here, the exchange party will definitely seek the truth if it is an insider / outsider who did it
and hacking is often used as an excuse for the exchange when the token value goes up 100% and even more so that there is an improvement
Even if it is true that this is done by hackers in carrying out hackers, it may be very difficult to reveal who is behind all of this, unlike if this is done by insiders, it must be very easy to find the perpetrators who carried out hackers, because after all access to enter the system is very dependent on the command. given, a hacker doesn't easily hack if not given access as a notification, there are definitely controls that can be turned off if this happens by an outsider
It's difficult but it's possible. Many crypto hackers on the past have been busted out by the authorities. Once some of the members gets caught, authorities can do something like scaring them to tell if who is their mastermind and who are their other members. If it's an inside job then that is much more harder to solve the case because no one will tell the truth as all of the personnel agreed with that before. They shared the money equally, that's why no one will betray the other.

Hackers are smart dudes and they can bypass any system as long as they are dedicated enough and it won't matter to them even if the security is strong or if they can't get any help from the inside.


Title: Re: Not all hacked on exchanges are real
Post by: lalabotax on May 04, 2022, 09:49:42 PM
If this was real, why did it have to be like that? Wouldn't that actually harm the exchange itself by reducing its security reputation?
I'm not sure what you're saying and think this is just an accusation. Moreover, this is just an opinion that is not based on evidence. So this is just going to be an equally unproven debate.

Unfortunately theory alone is not enough, even though it has strong reasons, without any evidence we do not have any right to appoint a person even if he is guilty. I just can't understand, if it really happened to their insiders, why should it happen whereas to build their community and users it takes a long time, if the insiders attack on purpose, they just destroy what they made. Maybe a traitor?
Exactly, if he has an evidence and it is strong enough, it will make sense and we will believe him. But there is no evidence, so it seems like only an accussation. I really hope that this thought is wrong and exchanges are not like that. They must be responsile of anykinds of crimes or what happen in their exchanges.


Title: Re: Not all hacked on exchanges are real
Post by: Lanatsa on May 04, 2022, 09:53:49 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
No one really knows if its played out or totally a real hacking incident and we know that not all hackers would be that dumb on sending out those hacked funds on a platform considering that high chance that those

funds would be locked up much sure specially if the community do really mainly sees about the said issue or event.Neither an alibi or not then there's nothing we could do or something we do know

where these exploits and access are really that real thats why its never been suggested or good idea to store big amounts on any exchange.


Title: Re: Not all hacked on exchanges are real
Post by: goaldigger on May 04, 2022, 09:54:39 PM
Inside jobs are real, and yes not all hacking incidents are real most of the time its a staged performance so they can get the money or have a good exit here in the market.

This is why we should not put big money on exchanges, we should be more careful dealing with them. I remember a news about the Official of an Korean exchange getting involve into this kind of scheme, its really possible to happen. I hope regulations can prevent those people from doing this well at least for the CEX.


Title: Re: Not all hacked on exchanges are real
Post by: serjent05 on May 04, 2022, 10:31:02 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job,

I agree, but the problem lies in how to prove that it is an inside job.  We can spread rumors about it but can be easily debunked if valid proof isn't presented.  It will only look like witch-hunt stuff.


the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

It is not the responsibility of other crypto exchanges to help their competitors.  They can cooperate in blocking cash-out transactions if the hacked crypto was moved to their exchanges and I think that is enough to consider as giving a hand.


Title: Re: Not all hacked on exchanges are real
Post by: Dervish doff on May 04, 2022, 11:40:40 PM
there are a lot of unexpected incidents against assets, such as hacking of other people's assets, let alone the crypto world, in the banking world there are also hackers, but most of them are not done by outsiders, so the vulnerability to loss of assets, must investigate insiders first, because it straightens out hackers outside makes trouble.


Title: Re: Not all hacked on exchanges are real
Post by: inanilujimi on May 05, 2022, 03:42:30 AM
I also think so, most of it has been done by insiders to get big investors money. as if they were hacked because there was no external audit they made themselves victims while what actually happened did not match reality.


Title: Re: Not all hacked on exchanges are real
Post by: FirmWars on May 05, 2022, 05:33:28 AM
This claim hasn't been proved before but that doesn't mean its wrong, humans are the most dubious I've ever seen, betrayal and deceit are very common among us, this is why I don't trust Dex platforms as well and their own part is when more safer if they do anything wrong because no one will question them.


Title: Re: Not all hacked on exchanges are real
Post by: ringgo96 on May 05, 2022, 06:47:27 AM
Without any real evidence we cannot say that there are traitors in a project, why is it difficult to track down hackers of course they have planned well when committing crimes, in fact they have tracked the hackers but the transaction address used is indeed very special so it is very difficult to track their whereabouts, but there are some projects that are betrayed by insiders.


Title: Re: Not all hacked on exchanges are real
Post by: Psynthax on May 05, 2022, 07:59:42 AM
I don't believe if the privatekey from the hot wallet can be stolen easily. It doesn't make sense if there was a big movement and the developers didn't even aware about that. the same thing that happened with axie infinity even the team was know about the wallet already hacked a week after it has happened. that sounds like the dev itself didn't even care about the money from the investors that stored in the hot wallet. This can be a manipulation from the developers.


Title: Re: Not all hacked on exchanges are real
Post by: Devifajarina on May 05, 2022, 09:34:49 AM
actually no one really knows who is the mastermind behind the hack, but from the conclusions I read from the opinions here, the exchange party will definitely seek the truth if it is an insider / outsider who did it
and hacking is often used as an excuse for the exchange when the token value goes up 100% and even more so that there is an improvement
Even if it is true that this is done by hackers in carrying out hackers, it may be very difficult to reveal who is behind all of this, unlike if this is done by insiders, it must be very easy to find the perpetrators who carried out hackers, because after all access to enter the system is very dependent on the command. given, a hacker doesn't easily hack if not given access as a notification, there are definitely controls that can be turned off if this happens by an outsider
It's difficult but it's possible. Many crypto hackers on the past have been busted out by the authorities. Once some of the members gets caught, authorities can do something like scaring them to tell if who is their mastermind and who are their other members. If it's an inside job then that is much more harder to solve the case because no one will tell the truth as all of the personnel agreed with that before. They shared the money equally, that's why no one will betray the other.

Hackers are smart dudes and they can bypass any system as long as they are dedicated enough and it won't matter to them even if the security is strong or if they can't get any help from the inside.
What I know is that how to do hacking has different levels, but almost all victims who are hacked, both corporate and personal, always have a notification that becomes an alarm, this is impossible for a company not to make a security system that does not give an order to stop, meaning the control center always guarded with a strict security system, I believe this is done by insiders, of course hackers have very intelligent abilities, because they enter the system, there is no way this can be done by ordinary people


Title: Re: Not all hacked on exchanges are real
Post by: Sled on May 05, 2022, 12:04:13 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
One example of how this inside job scheme happens,
https://dailyhodl.com/2019/04/01/inside-job-19-million-bithumb-hack-exposes-major-problem-with-cryptocurrency-exchanges/
But never did I think this involve the owner itself, it was their staff, who does the work and secretly do the transfer.

In some cases, this becomes a dirty tactic that mostly happens to scam sites, they pretend to be hacked and announced it publicly but the truth is that...it was an exit scam. Many exchanges have been doing this thing and a reason that we have to use reputable exchanges.

 


Title: Re: Not all hacked on exchanges are real
Post by: justdimin on May 05, 2022, 03:19:44 PM
Actually I also have a strong suspicion about it, a program that was created must have been equipped with high security layers. Especially when it comes to user property rights, such as brand assets on the platform, of course the security of the platform is made as perfect as possible. While there must have been a loophole, it would have taken at least years to get to it and it wasn't easy, unless it was an insider's negligence that led them to lose their exchange assets through their own fault.
I would guess that a bad security is not out of question neither. I get that everyone thinks "if you are guarding millions of dollars then you would have a good security" but you have to remember it is not their money and they do not care about security as much as you think they do, they say they do but in reality, they don't.

There was a company in my nation that said they care about security to an insane level, like they spend 70% of all their profits to constantly increase their security and we are talking about tens of millions of dollars when we say 70% of their profits, so what kind of security would you imagine if you spent tens of millions of dollars on it? Great one right? Well, they got hacked and they are now gone, so it means they lied to us or they were screwed as well. So do not imagine it to be as truthful about it as they might be.


Title: Re: Not all hacked on exchanges are real
Post by: max6575 on May 05, 2022, 03:38:44 PM
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while market gives with release of anchoring of message with the hard level of efficiencies as complex dedication with chance on investors to appeals on manage as preparing decision while being within the field of business on crypto finance.



Title: Re: Not all hacked on exchanges are real
Post by: Smitty Werben Man Jensen on May 05, 2022, 08:25:06 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
this is a very interesting conspiracy theory, indeed, it's possible that a news about exchange hacking could have been made by their own team,
I don't know what that strategy is, is it possible to make a Bitcoin Dump price or what?, I really want to know the truth, but there's another part,
because if their own team made up fake news about hacking, then it could be their own boomerang


Title: Re: Not all hacked on exchanges are real
Post by: Silberman on May 05, 2022, 09:07:30 PM
Actually I also have a strong suspicion about it, a program that was created must have been equipped with high security layers. Especially when it comes to user property rights, such as brand assets on the platform, of course the security of the platform is made as perfect as possible. While there must have been a loophole, it would have taken at least years to get to it and it wasn't easy, unless it was an insider's negligence that led them to lose their exchange assets through their own fault.
I would guess that a bad security is not out of question neither. I get that everyone thinks "if you are guarding millions of dollars then you would have a good security" but you have to remember it is not their money and they do not care about security as much as you think they do, they say they do but in reality, they don't.

There was a company in my nation that said they care about security to an insane level, like they spend 70% of all their profits to constantly increase their security and we are talking about tens of millions of dollars when we say 70% of their profits, so what kind of security would you imagine if you spent tens of millions of dollars on it? Great one right? Well, they got hacked and they are now gone, so it means they lied to us or they were screwed as well. So do not imagine it to be as truthful about it as they might be.
In the particular case that you are bringing it is obvious they were lying, no company is going to spend 70% of their budget on securing the funds of their customers as that would be highly inefficient, and the fact they got hacked shows this was not the case and this was nothing more but a way to try to sell the image they were extremely conscious about the security of their clients only to fail at the end, something that is also quite common in this market.


Title: Re: Not all hacked on exchanges are real
Post by: 7788bitcoin on May 05, 2022, 09:40:25 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
There are instances where there was an inside job and there are instances when exchanges helped in returning the hacked funds, so it is not like none of the exchanges will help in returning the funds but there are hacks which were dubious to begin with and the funds tends to be mixed using a mixer before loosing the trail and in those instances it is really difficult to track.


Title: Re: Not all hacked on exchanges are real
Post by: bitcrystal on May 05, 2022, 10:42:44 PM
very many people also do not believe in exchange hacks to be 100% real as many are self induced or self created. despite that i also think its not always right, i dont have a proof but am convinced that not all are real.


Title: Re: Not all hacked on exchanges are real
Post by: boty on May 05, 2022, 11:09:20 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
when it real, between crypto exchanges must collaborate to track assets from exchanges hacked, so thief should has serious problem when they sold assets into another exchanges.so far alot big question about hacking case in exchanges, assets stolen never tracked and few of them caught up by police. as solid crypto ecosystem, each exchanges must support each other to track assets so will give protection to user itself.


Title: Re: Not all hacked on exchanges are real
Post by: jrrsparkles on May 06, 2022, 03:01:51 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.
It can be true, the creator of exchange is waiting for the perfect time to exit scam and as you said it is not possible to find whether its an insider job or not but even if the exchange is not tracking still some of the address are known to the public which can be used to track and where all those funds went and laundered into money.


Title: Re: Not all hacked on exchanges are real
Post by: adiebitsler on May 06, 2022, 03:36:04 AM
very many people also do not believe in exchange hacks to be 100% real as many are self induced or self created. despite that i also think its not always right, i dont have a proof but am convinced that not all are real.
When we don't have accurate evidence, then it's also not appropriate to accuse him properly even though it has been strongly believed by each person's heart for various reasons. So we can only see and read through the news that is presented without actually knowing how.


Title: Re: Not all hacked on exchanges are real
Post by: Dart18 on May 06, 2022, 04:31:31 AM
They will help if the funds was sent to their receiving addresses. That is, if the the exchange claiming it can show proof about the transaction.
If not, then they do not have any responsibility to help them. In the first place every exchange should have better security and better team to be able to fix this type of concerns.
But you are right, not all are hacked by a hacker but some cases are inside jobs.


Title: Re: Not all hacked on exchanges are real
Post by: SistaFista on May 06, 2022, 03:24:54 PM
If they are not really have been hacked, then it would be a planned exit scam.
But the chance for exchange to getting hacked is possible if their security have some flaws.
The best thing we can do is never put our money with huge amount in the exchange, better store it in our own wallet.


Title: Re: Not all hacked on exchanges are real
Post by: Accardo on May 06, 2022, 03:37:34 PM
Op is right if he meant that an insider helped the hackers to do their job but, on the other flip a genuine exchange cannot cooperate together as a team to take traders funds and blame it on hackers. Most of the successful hacking attacks succeeded through the help of an insider or the loophole of their firewall.


Title: Re: Not all hacked on exchanges are real
Post by: max6575 on May 06, 2022, 08:04:22 PM
with the similarity as hindsight biat, skepticism of investors as believing news on release as returns of drawing from the market shows of customs of hard level efficiencies as investors only work according the dedication of the deductive notion of message as follows with the uses of expends on work as occupying uses with the models on expertise to helps as referring option with the decision.


Title: Re: Not all hacked on exchanges are real
Post by: fullhdpixel on May 06, 2022, 09:04:24 PM
Without any real evidence we cannot say that there are traitors in a project, why is it difficult to track down hackers of course they have planned well when committing crimes, in fact they have tracked the hackers but the transaction address used is indeed very special so it is very difficult to track their whereabouts, but there are some projects that are betrayed by insiders.
There are plenty of exchanges that got hacked and we followed them pretty easily. We have to remember that bitcoin is "sort of" anonymous, as in you get to watch and learn what they are doing and where they are sending the money but you may not know who they are.

This causes the issue of being "sort of" because the money can be tracked via addresses wherever it goes and if they put it in another exchange in order to withdraw it will be caught and they will be caught as well if they have KYC there, if not then they can hide who they are so it becomes sort of anonymous in that sense. I personally believe that catching the hackers is not an issue at all, it's stopping them.


Title: Re: Not all hacked on exchanges are real
Post by: TravelMug on May 07, 2022, 03:43:29 AM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

I somewhat agree to some extend, this is what we call inside job. If my memory serves me right, it was very rampant in 2018, wherein there will be new exchanges so traders flock into them then suddenly they will report a hack, closing the exchange for good with all the money and funds from traders and you don't know if this is a real hack or not. That's why even in 2022, it's better not to trust new exchanges in the beginning and just trade on those who have built their reputation already.


Title: Re: Not all hacked on exchanges are real
Post by: Rampagoe004 on May 07, 2022, 03:59:43 AM
Indeed hacking we have often listened to on crypto exchanges today, maybe the popularity of crypto has attracted many people because of the existence of assets so large that crime began to arise by certain people, every hack that occurs is very difficult to find the perpetrators even though they have left evidence of transactions but the existence is difficult to track, so I do not think that those who do are insiders, Because there is no evidence that we have found to date.


Title: Re: Not all hacked on exchanges are real
Post by: Blowon on May 07, 2022, 04:04:15 AM
Actually I also have a strong suspicion about it, a program that was created must have been equipped with high security layers. Especially when it comes to user property rights, such as brand assets on the platform, of course the security of the platform is made as perfect as possible. While there must have been a loophole, it would have taken at least years to get to it and it wasn't easy, unless it was an insider's negligence that led them to lose their exchange assets through their own fault.
-snip-
I'm sure that no matter how hacked they are, we can't really blame them because it's certain that in an exchange to store users' assets, they always prioritize the security of their users' assets from hacker attacks. At least they put 2fa as the main security for their account it must be layered again with security in exchange it makes security layered. Unfortunately hackers always find any way to break it all, there are always loopholes in every security. Even when you say exchanges in your country have insane security that they can hack, this is actually hard to understand, but it's a true fact because I've also heard of major exchanges getting hacked even with high security.


Title: Re: Not all hacked on exchanges are real
Post by: darewaller on May 08, 2022, 06:46:14 PM
I'm sure that no matter how hacked they are, we can't really blame them because it's certain that in an exchange to store users' assets, they always prioritize the security of their users' assets from hacker attacks. At least they put 2fa as the main security for their account it must be layered again with security in exchange it makes security layered. Unfortunately hackers always find any way to break it all, there are always loopholes in every security. Even when you say exchanges in your country have insane security that they can hack, this is actually hard to understand, but it's a true fact because I've also heard of major exchanges getting hacked even with high security.
That is the discussion here, not all of them are hacked. Sometimes they just say that they got hacked, but instead they just steal your money and that is it. I personally agree that there are some out there who steal our money and claim that they got hacked and run away with that money without any problem because they just claim they got hacked.

I have been around for many years now and I can say that it has been a while since I saw this happened, but I have faced with plenty of them back in the day, up until 5 years ago this was the norm for most major exchanges let alone the little ones. So, it's really a common tactic for sure without a doubt.


Title: Re: Not all hacked on exchanges are real
Post by: zasad@ on May 08, 2022, 07:04:08 PM
I'm sure that no matter how hacked they are, we can't really blame them because it's certain that in an exchange to store users' assets, they always prioritize the security of their users' assets from hacker attacks. At least they put 2fa as the main security for their account it must be layered again with security in exchange it makes security layered. Unfortunately hackers always find any way to break it all, there are always loopholes in every security. Even when you say exchanges in your country have insane security that they can hack, this is actually hard to understand, but it's a true fact because I've also heard of major exchanges getting hacked even with high security.
That is the discussion here, not all of them are hacked. Sometimes they just say that they got hacked, but instead they just steal your money and that is it. I personally agree that there are some out there who steal our money and claim that they got hacked and run away with that money without any problem because they just claim they got hacked.

I have been around for many years now and I can say that it has been a while since I saw this happened, but I have faced with plenty of them back in the day, up until 5 years ago this was the norm for most major exchanges let alone the little ones. So, it's really a common tactic for sure without a doubt.
If the project has problems, then it may be beneficial for the team to shift all the blame to the hackers and close the project. But why should the owners of exchanges who make good money do this?
They may be able to hide on another planet, but it will not be until 2029 :D
https://metro.co.uk/2022/03/17/elon-musk-says-humans-will-be-on-mars-by-2029-16294805/
"The SpaceX CEO tweeted his prediction on Wednesday, replying to a tweet asking when the first crewed landing on the Red Planet might take place.
‘2029,’ Musk answered."


Title: Re: Not all hacked on exchanges are real
Post by: Silberman on May 08, 2022, 08:06:21 PM
The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

I somewhat agree to some extend, this is what we call inside job. If my memory serves me right, it was very rampant in 2018, wherein there will be new exchanges so traders flock into them then suddenly they will report a hack, closing the exchange for good with all the money and funds from traders and you don't know if this is a real hack or not. That's why even in 2022, it's better not to trust new exchanges in the beginning and just trade on those who have built their reputation already.
As this market is becoming more regulated and traders are becoming more sophisticated the rate at which those supposed hacks happened seems to be going down, however even if it s more uncommon it does not mean that it will not keep happening, this is something that especially worries me when it comes to decentralized exchanges as it is still a relatively new technology which can have some hidden bugs, which can be taken advantage by hackers outside and inside the exchange.


Title: Re: Not all hacked on exchanges are real
Post by: dezoel on May 09, 2022, 08:08:30 AM
I have faced with one such exchange. It wasn't even hidden or anything like that, they said they were "hacked" and then moved their money into a place of personal wallet and then just kept it there since those days. They spend nothing but just a small amount so it could still be tracked and as it turns out it was just the staff member, part of the team basically who ended up getting it and owner hasn't done anything about it so everyone says the owner was involved as well.

This happens all the time, we are talking about billions in some cases, and it would be really difficult to trust billions of dollars to someone and expect them to stay true.


Title: Re: Not all hacked on exchanges are real
Post by: Adbitco on May 09, 2022, 08:53:03 AM
A reputable exchange that has real value for their customer will never compromised their trust with clients and their IT's are well paid. One thing for sure is that most workers who operates could likely leak out some information about their office and give away to cause such attack, have hard many news that such exchange is hacked and fund was moved to unknown wallet, so where a hell could such fund be converted and sold out. I strongly believe all CEX has a KYC so why can't they track with wallet id to know the originate of transactions?
Yes they can but keep giving us story with believe.


Title: Re: Not all hacked on exchanges are real
Post by: max6575 on May 09, 2022, 09:18:56 PM
hindsight bias with the behavioral appeals.

as investors work on rationality defending with uses of customs of ideal preference, the uses with dedication of message from anchoring becoming uses on identification as indicating notion with chance as investors work on evaluation as the occupation of the models on selection.
with the bonafide building of the market, with the distinct of level of efficiencies, those gives as investors might put on spares of distribution of ideal resource on possession on request with the moderate outcomes as disposing risks of accusation being of over confidence with the presence on business with the market.



Title: Re: Not all hacked on exchanges are real
Post by: isaac_clarke22 on May 09, 2022, 09:24:14 PM
~
Quite scary to know that actually. This is why I do not trust my funds to just a random people even if they are supposed to be reputated one.
Well it is a common mindset nowadays by people to never hold their funds in an exchange and withdraw it if they are not even trading. I wonder if there were people here in the forum that stepped up or even posted that they had lost their funds from a well-known exchange like Binance.


Title: Re: Not all hacked on exchanges are real
Post by: carlfebz2 on May 09, 2022, 09:26:25 PM
I have faced with one such exchange. It wasn't even hidden or anything like that, they said they were "hacked" and then moved their money into a place of personal wallet and then just kept it there since those days. They spend nothing but just a small amount so it could still be tracked and as it turns out it was just the staff member, part of the team basically who ended up getting it and owner hasn't done anything about it so everyone says the owner was involved as well.

This happens all the time, we are talking about billions in some cases, and it would be really difficult to trust billions of dollars to someone and expect them to stay true.
Would you mind on telling on what exchange platform you are referring into? If a certain exchange is been hacked then it would really be known publicly and if the community do sees some shady things like

fund reserves are on hold and still have some users been affected then it would really be creating some noise.So far i havent encountered or just simply missed that out but it would be good
if you do mention on what platform it is.

In overall, its true and i do believe that not all exchange hacks are real and some of them are just dramas just for them to snip out funds which do involves millions of dollars.


Title: Re: Not all hacked on exchanges are real
Post by: Devifajarina on May 10, 2022, 04:18:07 PM
A reputable exchange that has real value for their customer will never compromised their trust with clients and their IT's are well paid. One thing for sure is that most workers who operates could likely leak out some information about their office and give away to cause such attack, have hard many news that such exchange is hacked and fund was moved to unknown wallet, so where a hell could such fund be converted and sold out. I strongly believe all CEX has a KYC so why can't they track with wallet id to know the originate of transactions?
Yes they can but keep giving us story with believe.
This is really weird, all exchanges actually require insiders to do KYC, let alone a company class that has such huge assets, there's no way they can't track if indeed they were hacked, this is why I'm less sure that they were hacked by outsiders, every exchange must have a complete security system, it is not easy to just hack existing exchanges


Title: Re: Not all hacked on exchanges are real
Post by: Coyster on May 10, 2022, 04:31:08 PM
this is why I'm less sure that they were hacked by outsiders, every exchange must have a complete security system, it is not easy to just hack existing exchanges
I am not ruling out the possibility of exchanges claiming they were hacked so they could claim people's funds for themselves, it is very well possible, that is why one is not meant to 'trust' on the network, you have to take responsibility, verify all of the time, and always protect yourself thoroughly. But i doubt every exchange that has been hacked did something like this, remember the individuals perpetrating this hack are also very intelligent and smart, and they can pounce the moment they detect any vulnerability. But having said that, and whichever is true, the most important thing to do remains not to keep your funds in an exchange, keep only small amounts there if you must keep something, remember if it is not your keys, it is not your funds.


Title: Re: Not all hacked on exchanges are real
Post by: Devifajarina on May 12, 2022, 04:35:28 AM
this is why I'm less sure that they were hacked by outsiders, every exchange must have a complete security system, it is not easy to just hack existing exchanges
I am not ruling out the possibility of exchanges claiming they were hacked so they could claim people's funds for themselves, it is very well possible, that is why one is not meant to 'trust' on the network, you have to take responsibility, verify all of the time, and always protect yourself thoroughly. But i doubt every exchange that has been hacked did something like this, remember the individuals perpetrating this hack are also very intelligent and smart, and they can pounce the moment they detect any vulnerability. But having said that, and whichever is true, the most important thing to do remains not to keep your funds in an exchange, keep only small amounts there if you must keep something, remember if it is not your keys, it is not your funds.
It's okay to save money on the exchange, as long as the use can be done in the near future, not long term, verification has been done before everything is activated, meaning that all forms of chaos here depend on how we minimize it, don't easily trust certain exchanges, hackers can do anything, if the system commands can be stopped, many cases are found this is done by insiders or people close to the system


Title: Re: Not all hacked on exchanges are real
Post by: asyakashi on May 12, 2022, 04:41:21 AM
even if it's a hacker unrelated to the exchange they should take a long time to find the loophole. The exchange has user assets, of course with the trust of its users it is impossible for an exchange not to have high security even some exchanges that I and them have dared to pay very high prices for the security part. But if a hacker is related to the project I'm sure it goes perfectly.


Title: Re: Not all hacked on exchanges are real
Post by: Blowon on May 12, 2022, 04:44:01 AM
I'm sure that no matter how hacked they are, we can't really blame them because it's certain that in an exchange to store users' assets, they always prioritize the security of their users' assets from hacker attacks. At least they put 2fa as the main security for their account it must be layered again with security in exchange it makes security layered. Unfortunately hackers always find any way to break it all, there are always loopholes in every security. Even when you say exchanges in your country have insane security that they can hack, this is actually hard to understand, but it's a true fact because I've also heard of major exchanges getting hacked even with high security.
That is the discussion here, not all of them are hacked. Sometimes they just say that they got hacked, but instead they just steal your money and that is it. I personally agree that there are some out there who steal our money and claim that they got hacked and run away with that money without any problem because they just claim they got hacked.

I have been around for many years now and I can say that it has been a while since I saw this happened, but I have faced with plenty of them back in the day, up until 5 years ago this was the norm for most major exchanges let alone the little ones. So, it's really a common tactic for sure without a doubt.
hearing that it worries me with new exchanges, at least I always keep assets on big exchanges like binance. In fact I prefer to keep my assets bigger in the bank, I'm sure no matter how high the security exchange, if it's the target of hackers they have various ways to get the loophole. For me, keeping assets here is only for investment, not for wealth.


Title: Re: Not all hacked on exchanges are real
Post by: Silberman on May 12, 2022, 10:00:41 PM
I have faced with one such exchange. It wasn't even hidden or anything like that, they said they were "hacked" and then moved their money into a place of personal wallet and then just kept it there since those days. They spend nothing but just a small amount so it could still be tracked and as it turns out it was just the staff member, part of the team basically who ended up getting it and owner hasn't done anything about it so everyone says the owner was involved as well.

This happens all the time, we are talking about billions in some cases, and it would be really difficult to trust billions of dollars to someone and expect them to stay true.
It is incredible the way in which some of those supposed hacks happen, and the worst part is that it is not that rare at all, we have seen many cases in the past of exchanges that claimed to be hacked and then they just disappeared, when that happens I immediately assume they are the ones that stole the money, after all it does not matter how much an exchange tries to secure the coins of their clients as hackers have a huge advantage and only need that they make a single mistake to get a great deal of their money, but if instead of trying to reimburse their customers they disappear then it is obvious they were  the ones that took that money and ran away.