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Author Topic: If an exchange gets hacked  (Read 2300 times)
LUGHUL
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November 28, 2018, 06:12:45 AM
 #161

I think if a hacker is able to hack an exchange, then they can also get all the assets in it. not only limited to bitcoin but also other assets such as ethereum, ripple, zcash, and others. for this reason a trader must read the terms and conditions of the exchange before trading in it.

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mulia sabee
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November 28, 2018, 07:55:17 AM
 #162

I was just wondering about something. From time to time we see exchanges get hacked, with a big loss of Bitcoins for the customers as a result. However, I was wondering if the other coins and tokens you are invested in disappears as well? Let's say Ripple, Zcash, Monero etc.

if you do not revoke your private key in a hacked exchange, then I think you will also lose the Bitcoin and Etherum that you have in it. and other coins will also be lost if you do not do this. therefore, I would like to suggest to all of you. after exchanging in a market, if you leave the market by withdrawing your wallet's private key.

Leonard2016
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December 01, 2018, 04:44:50 PM
 #163

Exchanges are not wallets , just store the amount of money there that you want to trade with , Centralized exchanges like binance doesn't give you the private key so if the exchange gets hack or the website goes down in any reason you cant restore your money , We have seen some exchange hacking before , We should have learned something from them .


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Rhosadah
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December 02, 2018, 02:47:27 PM
 #164

so far I see traders on each exchange experiencing hackers, this makes the convenience of trading on an exchange feeling insecure,
if the exchange is cracked, can the assets that we store there be returned? I don't think it is possible, but if it's really cracked, it's not an omission from the user, the exchange management should replace all user losses after the exchange security level is fixed regularly.
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December 03, 2018, 06:30:10 AM
 #165

the cryptocoin exchanges are always at risk of hacking,  they need to work with good exchanges that guarantee you. I don't know if there's such a exchange
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