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Author Topic: Crypto Exchange ShapeShift Hacked, Unspecified Amount of Bitcoin Lost  (Read 1082 times)
SFR10
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April 09, 2016, 02:46:14 PM
 #21

The good thing about the hack towards them was the wake up call they got (even though still no news regarding the loss amount on their side). Although I personally don't like their exchange since it had glitches in the past, I like the way they ensure of no loss of funds for users and only on their side with the downside of few pending transactions though.

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Red-Apple
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April 09, 2016, 02:57:00 PM
 #22

this is such a sad news, i hope they can come back from this incident. i liked their service it was quick and easy to use and convert coins together.

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April 09, 2016, 02:59:22 PM
 #23

The good thing about the hack towards them was the wake up call they got (even though still no news regarding the loss amount on their side). Although I personally don't like their exchange since it had glitches in the past, I like the way they ensure of no loss of funds for users and only on their side with the downside of few pending transactions though.

yep i think they could actually spin this into a positive.

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April 09, 2016, 04:40:20 PM
 #24

An unfortunate circumstance but like most things online it's not immune to hacking with hackers trying to exploit these sites daily. But as stated by ShapeShift, their platform is designed to protect customer funds in events like these so it would seem that only their company funds may have been taken.

Since they were not like the traditional exchange, there was no way for hackers to steal user's funds as the funds would only remain on the exchange for the time the exchange (shift) took place, which usually required one confirmation in most cases. But as mentioned it must have affected some when they took down the exchange or when the hot wallets required to complete the shift were emptied by hackers.

 

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