Hacking kills the cryptocurrency market

[Fedots83]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

I am also convinced that the activity of hackers is one of the main threats to the modern crypto market. Hackers violate trust among investors. Therefore, in recent years significantly reduced the size of the total investment. We all hope to improve the situation in the coming years.

[Adriano2010]

Yes sometimes hacking affect crypto market but saying that hacking kills the crypto market because not, the hacker can hack some users or exchange but will not can steal all coins.

[seleme]

It seems to me that the cryptocurrency market will react negatively to hacking exchanges. We need to create more funds to guarantee the return of funds to customers of these hacked exchanges.

Increasing security will make it impossible for hackers to get access to the exchanges. Binance made an announcement to refund the lost funds with the terms of SAFU. Markets don't get affected with the latest hack news and BTC still escalates to the next resistance level.

[tabas]

I haven't hacked and I don't wish that to happen to me, I'm learning from others experience and I'm more open to learn more to avoid this further incident. It's a very timely discussion after the Binance hack, the casualty has been handled by them and many accounts has been assured that their funds will be refunded if they were affected.

[deodivine1]

Generally speaking security issues is one of the deterrent factors preventing crypto from going mainstream. Stolen funds via hacks keeps increasing in with time. It's high time we looked more into safety, exchanges should step up their security game. This way everything will be smooth, fear of losing funds will reduce especially with centralized exchanges. Binance hack recently was epic, well I'm glad it didn't really cause market downtrend and this shows people are beginning to reduce sentiments caused by FUD.

[zhekinsp]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

I never stored after cryptocurrencies into any after centralised exchanges because it always have the risk of hacks if you don't know this basic information about cryptocurrency then you are not decided to hold any cryptos and better to to hack. When people not aware of what is wallet and exchange wallet then this kind of scammers will use this opportunity to make millions in in very short time period.

[wesk1212]

Hacking will always be and get used to it.  Because the world of cryptocurrency is concentrated on the Internet and the Internet is not a secure environment.  And it should all be understood that we will not get away from this.