Cryptocurrency Exchange on Brazil Hacked

[Gustavo Livecoins]

One of the largest cryptocurrency operations in Brazil had its data exposed last night, with a list of thousands of people on the web available to everyone.

This operation is huge and have on his custody about 1500 btc.

Remember that you are your own bank and exchange is not wallet.

Source: https://livecoins.com.br/suposta-lista-com-dados-de-clientes-da-atlas-quantum-sao-expostos-na-internet/

[menammeo]

According to the Brazilian portal, one of the Atlas users, with more than 2 BTCs being submitted, validated the leaked data is true. Among those leaked is Rocelo Lopes, CEO of Stratum coinBR, an electronic money service platform. Atlas itself has 792 BTCs.
Acknowledging the incident, Atlas issued a statement revealing it would launch an investigation into the incident while working with appropriate agencies. It added that although hackers obtain user data, no money has been stolen.

[Marcel555]

Repeatedly reported hacks just emphasizes the fact, that no exchange is totally safe and impervious to leaks.
I predict there would be a general shift to decentralized exchanges as users would want to remain in control of their assets even when trading

[jeantyo1]

Yeah, hacks of centralized exchanges happen from time to time. These systems are really vulnerable as fraudsters are constantly improving their strategies. Also, exchanges don’t have enough protection from attacks because they are based on central systems. There are a few exchanges which were never hacked like CEX (you can buy and store crypto there using their cold storage, https://cex.io/buy-bitcoins) or Kraken. But I think that centralized exchanges are outdated. It’s time to launch simple and reliable decentralized alternatives which wouldn't store users’ funds. What you think about DEXs and their potential?

[lipoicChin]

That is the reason why we always have to be careful and choose a trustworthy exchange platform to use. there are so many exchange platforms out there, but you should pay attention to their security system.

[AGD]

Not your keys, not your Bitcoins, porra.