Blockchain losses over $13.6 billion due to hacker attacks

[AbuBhakar]

Since cryptocurrencies became popular as a digital asset and Bitcoin prices became more expensive, hackers began to target exchanges
to steal coins. Eventually there were many exchanges that got hacked, this made some exchanges have to close down their businesses
and made the blockchain industry look bad. Therefore, with the many exchanges that are attacked by hackers, should increase awareness of
all of us in order to better protect the coins we have. Use the security features in our wallet and most importantly don't store all the coins
we have on exchanges.

Hackers will always find their way to steal and hack, some were done in hacking banking system and now that crypto become too popular their target are the crypto exchanges so better have still a hardware wallet like trezor if we know we will not gonna trade for too long or only left some amount in exchange but not totally all will he in exchange.

[aesma]

So the biggest single number is this : "Digital asset storage services faced 36 attacks, with losses totaling $7.19 billion." Bigger than exchanges hacks. Exchanges have the excuse that they need hot wallets to process incoming and outgoing transactions, and they have many employees that could do an inside job. What are the excuse of "digital asset storage services" ?

[tbct_mt2]

Parity was one of the best ethereum wallets in the past but that all changed when their wallet was exploited and accounts with multi-sig addresses got attacked losing thousands - millions. With all the security breach going around, we have to stop patronize centralized cryptocurrency service provider. eg: Exchanges, Wallets.

Much thanks. I did neither know nor use Parity wallet and I did not know about Parity wallet hack. I found this article that was written to discuss about the Parity wallet hack.
That hack was abused by bad smart contract.

According to crypto eli5, 151 wallets have been frozen, with their balances being 513,743 ETH or $152 million in total. Parity Technologies announce that 573 wallets have been affected and their total balance is unknown.

https://cointelegraph.com/news/parity-multisig-wallet-hacked-or-how-come

[Anazarten]

This is why as much as I trade in bitcoin I always have to be on the lookout for my welfare because there's so much threats to it. At on point my bitcoin wallet was almost hacked and I could have lost all of my ifunds. In decided to take better measures to keep my wallet safe. You can even be scammed which is way worse than being hacked because you actually fall for what you are being told by the scammers. As there are bitcoin miners and traders there are also bitcoin hackers. It has become a profession do some people and it is why you  always need to secure your account while you are trading or using bitcoin. It is a risky business.

[piebeyb]

Is the $13.6bn based on current time or the time. The coins were stolen? I think a lot of funds were lost in the mtgox "hack" and the binance "hack".

Most exchanges have been hit with hacks of currencies by now so I don't think it's surprising do many have been stolen..

(PS also the current title makes it look like blockchain.com and not the blockchain industry).

I was thinking the same thing which is blockchain.com company but I was wrong because I read a thread title, actually to be honest I never believed that anything related to blockchain technology could be hacked unless the person who made it was the mastermind of all of it, but I don't accusing maybe a lot of the market was hacked and I am not hypocritical about that, I more believe the people inside who did it were not hackers

[bryant.coleman]

Well.. I am not surprised by the numbers. When I first created an account here in Bitcointalk, the board was full of such threads about people complaining that their wallets got hacked and the coins were stolen. And in most cases, the victims had failed to take proper security precautions. Had they activated 2FA or made email authentication mandatory, then 99% of these incidents could have been avoided. Nowadays the users are more careful and that is the reason why we are hearing such stories with lower frequency.

[plast555]

So the biggest single number is this : "Digital asset storage services faced 36 attacks, with losses totaling $7.19 billion." Bigger than exchanges hacks. Exchanges have the excuse that they need hot wallets to process incoming and outgoing transactions, and they have many employees that could do an inside job. What are the excuse of "digital asset storage services" ?

so when Exchanges get hacked or scam they put blames on their employees that they had access to their cold wallet and they were the reason behind their hack or scam? well it is obvious that their excuses and blames are baseless, if they can't control their own employees and can't protect millions of their users then they should not open services at first point.  all of those scammers have some excuses. they are full of that.