All in the name of "we are sorry we got hacked"

[Taskford]

I noticed that new projects this day are not using bug bounty hunters to see how strong their security 🔐 is, it's not because they don't have the money, they raised millions and don't care..

It looks like getting hacked is a big excuse to rob people's money, they can easily blame it on hack and say 'we are sorry we get hacked' where as they pray for it or have it in mind to hacked themselves .

I read somewhere that some bugs bounty hunters find bug for few new projects that could have messed up the funds but the project team do not compensate them and ignore the bounty hunter. It's like saying ' who told you to find a bug?' .

It seems we need to take this seriously, any project that doesn't open door for legit hackers ( bug hunters ) to test-run their security or system and claim they are safuu are really not.

If there's a hacking on big platform which conduct such activities here in forum maybe we can conclude that they are really using that to create an excuse. But the way I see in service section where if there is a bug bounty campaign open up mostly this is new platform which test how tight their security is. But also maybe some of long exist platform really do this so we need to be aware with that to avoid getting hacked or get rob by scams.

Cannot conclude any thing without proof and since some of them might have been hacked it would require a investigation for every project that claims to be hacked. It should be up to the platforms to prove that they have been hacked but even then that would be difficult because you would probably need a third party that is not biased to investigate.

Yeah also for sure those people who participate on those activities conducted by platform before they get hack will possibly will leak an information about possible inside job. But none of this happen and I think there's no such thing use as excuse, those platform became scam just planned it without giving a hint.

So for experiences we see much better for anyone to not trust any platform especially doing some decision to store some huge amount of money there.

[CageMabok]

Scam project cases from the category of alleged hacking occur a lot and the team tries to cover up their real identity (if they use the real identity on the whitepaper) to run away and remove traces of Twitter profile links, Linkendin and others, but unfortunately even though the project can be proven to be a fraud case, they don't report it that case because crypto regulations are illegal status of every country, so that case will be ignored. Scam scheme of hacking case will never go away even top projects will also experience the same case.

I once thought that a fraudulent project was a program deliberately planned by a group of people or in other words, a project team. So there is also logic if they try to cover up their real identities for the public so that they are not easily found when they have stolen other people's money in any way. And for the hacking problem I see it as a crime that is different from the fraudulent projects in crypto even though the problem of hacking has also been very common in the crypto space in recent years

[EarnOnVictor]

This is a very good reason to be sure of where you are sending your money, it's always about trust. The claim of the OP is so genuine, and one of the reasons why I would always clamour for more regulation in the crypto space despite many people not thinking towards that direction. There are legit scams, and this pattern would not stop if there are no strict independent experts and government overseers that would put an end to such criminal activities. This could be peculiar to the centralized companies alone, it doesn't matter.

Many people had been legally and illegally scammed in the name of crypto, I only trust a few decentralized wallets, nothing else.

[romeitaly]

I noticed that new projects this day are not using bug bounty hunters to see how strong their security 🔐 is, it's not because they don't have the money, they raised millions and don't care..

It looks like getting hacked is a big excuse to rob people's money, they can easily blame it on hack and say 'we are sorry we get hacked' where as they pray for it or have it in mind to hacked themselves .

I read somewhere that some bugs bounty hunters find bug for few new projects that could have messed up the funds but the project team do not compensate them and ignore the bounty hunter. It's like saying ' who told you to find a bug?' .

It seems we need to take this seriously, any project that doesn't open door for legit hackers ( bug hunters ) to test-run their security or system and claim they are safuu are really not.

I think the investors should get their refunds at the main head of that website. What if they only say "they get hacked" but the truth is, they robbed it or something. You guys always take care of your investment in your very trusted deserve to invest.