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Author Topic: [2016-08-03] The number of exchanges hacked this year may surprise you  (Read 324 times)
BitcoinXio (OP)
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August 03, 2016, 03:37:21 PM
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There is a reason why people call bitcoin “Gold 2.0,” which has become the target of hackers worldwide with one purpose – to steal bitcoin for profit. Bitcoin holds many properties which makes it valuable, with the global market capitalization growing to a current value of $8 billion USD.

Read more: http://bitcoinx.io/news/articles/the-number-of-exchanges-hacked-this-year-may-surprise-you/

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August 03, 2016, 04:30:24 PM
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Well, 10 out of 170 hacked is not a sizeable number, but what makes this problematic is the fact that these hacks are being blown out of proportion by the media, every time that it happens. Example :

http://www.nytimes.com/2016/08/04/business/dealbook/bitcoin-bitfinex-hacked.html?_r=0 .... So yes, it's common, but not in any way more news than the millions that are being hacked from online

banking, which hardly gets news coverage these days.  Roll Eyes

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August 04, 2016, 04:40:24 PM
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There seem to be no minimum standards required to set up an exchange.
As Bitcoin evolves, people will only trust exchanges which have established processes in place.
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