Hacking is the Big Problem

[michellee]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

Exchanges are not so safe, they can be hacked at any time, and returned to your personal wallet after the transaction.

this is why we need to make our account secure by activating 2fa, email verification and else and if we still feel not safe, then we need to move our coins into our personal wallet or in another multi wallet. we can use the multi wallet to save our coins which only we that will know the balance and only we that have full access to that wallet.

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[pathapoddo]

Hacking is a major issue. Proving that through online money launderers all over the world, this thing proves that "our exchange is not safe" so we have a lot of caution.

[J_CCreate]

You can use hardware wallets, such as Ledger NANO or similar.
Hacking was always a problem and we are looking for the ways to solve it

[@prashant]

It is not new ,many popular exchanges were hacked in the past and many suffer ddos causing loss to various day traders.it is recommended that people should switch to decentralised exchanges but as they are slow as many use ethereum blockchain majority prefer to use centralised one.currently in my opinion waves dex is the fastest and offerer similar speed as centralised one.and never store your fund in exchange always prefer hardware wallet ,only leave that much that you are going to use for trade.

[Rupok]

hack is not a good way for you to get the funds. this is one way to destroy your wallet ..
for the security you can exchange and trade token and you can save in your personal wallet this is a safe way to trade.

You are right,Of course, hacking is a big problem. It is such a problem, that people who make a lot of money from the rich in a short time. Those who had been in Ether delta some days ago, many of them have been damaged.Still fearing to hear hacking

[South Park]

If you get hacked than its your own fault. If you play smart and don't do anything stupid, you can avoid getting hacked and lose your money.
Exchanges do/can get hacked. So that is why everyone recommends not to store your coins on an exchange for a long time. And also always choose a very trusted exchange when trading coins.

This, while hackers are the ones at fault and the ones committing a crime, the truth is that most people do not secure their coins, we have heard of people losing a lot of bitcoin by having their coins stored in a computer that was infected with viruses when a hardware wallet could have been enough to avoid that robbery so if they had invested in that they will still have their coins.

[bitgoldpanther1978]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

It is true that hacking is the biggest problem in this industry, however we can still avoid it if you know the right things for it. Now keeping it safe I think doing trade in the exchange is you must activate your 2FA authentication to prevent to hack your account. And choose the best exchange like Bittrex, Poloniex, Kucoin, Binance, Hitbtc, or livecoin which has 2FA activation. But never hold huge of token in any exchange platform keep it in a safest wallet.

[moneyangel]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

Exchanges are not so safe, they can be hacked at any time, and returned to your personal wallet after the transaction.

This is a bad news to the traders whose coins are always in the exchanges. I do hope that exchanges will take responsibility for our funds as we are the victims if that happens.

[MD Milon]

Now generation is fully engaged by internet.this time many of things are not safe for internet. Now u couldnot ever store your cryptocurrency on exchanges it can be hacked or closed any time. Always store it on your wallets. Move your coins from wallet to exchange when you are going to trade. Once your trading finished move your coins back to wallet.always try to safe wallet and try to private key safe.

[xwshamim]

for that we ll have to be more carefull use hardware wallet and the hacking problem has increased very much nowadays i don't know what are the security teams are doing for this hacking problem and after one by one exchange is being hacked

[alexmuro]

Digital world comes with this kind of risks. Exchanges should deeply invest into security and that should their prime concern. Yet, the hacking risk can only be minimized and cannot be zeroed.

Nowadays, hacking of accounts is always a big problem specially when dealing with money. Eventhough how strong your password settings is, it can still be hacked. It is better to save your money on your personal account or as savings in your bank account. Don't leave big amount on your ether wallet, because hackers are only interested on big amounts.

[Ismat Morshed]

It is true that hacking is the biggest problem in this industry. Specially when dealing with money. Eventhough how strong your password settings is, it can still be hacked. It is better to save your money on your personal account or as savings in your bank account. Don't leave big amount on your ether wallet, because hackers are only interested on big amounts. Because hacking was always a problem and we are looking for the ways to solve it.

[South Park]

Ya nowadays hackers want to hack the users who r having bitcoin acccount ..they will have their wallet address and withdraw their coins...

Right. The rapid growth of the cryptocurrency market has made the market a big target for hackers and fraudsters. There have been many hacker attacks on computers and theft of valuable crypto assets. Be cautious of your assets in the crypto market because there will be no regulatory authority to deal with if you lose in this market.

It is not only the rapid growth of bitcoin that has done this it is the nature of bitcoin, when hackers steal fiat they run the risk of having their identities attached to their robberies but in bitcoin this is not really a risk since they can open a wallet without giving any kind of information and when they steal the coins they can just mix them and also there is not a risk of the transaction being reversed since once a transaction is confirmed by 6 blocks it is almost impossible to reverse it.

[Alevira_mox]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

Dont ever assume that your money is safe on an exchange. Would you give your fiat to a small, anonymous bank that has been around for less than 5 years? I dont think so.
Keep your money in your offline private wallet if you want to be safe.

[Olalomi]

Hacking is one of my greatest fear  in cryptocurrencies world I have seen cases of stolen coins especially in myetherwallet there are had been some phishing sites that cunningly obtain  passwords of owners,  and there are cases of hacking and cracking of passwords of  some wallets, this is very disastrous and it's major problem in cryptocurrencies.

[#dhabitamartha]

I just know this news from here try to review the news first maybe just false news if it is true can be traced to look for hackers although it is difficult to need expert help in the field may be caught over time so we must be vigilant and careful. if anything strange

[Batmain]

You don't. Hacks target the exchanges wallet by finding exploits and not the user accounts separately. If you want your funds to be safe, use exchanges for trading only and withdraw to your personal wallet.

Listen to him. What he is are saying is true. The problem lies on the system itself of the exchanges. But there is no way that they can hack your hardware wallet unless they force you to spit out your seed, or when you get phished online. Almost all exchanges nowadays are only came from scratch and some don't even know that their exchange will reach that far, that's why they are having a real deal maintaining the security of their exchanges. Imagine if some reputable company (facebook for example) decided to have a cryptocurrency exchange and the people that are working there has an A++ degrees in different fields of computer in the most prestigious universities. Do you think that they can still put a dent in their security? Give it time and these exchanges will improve too. In the meantime don't fully trust them and always leave your funds in your own personal wallet.

[Kiweikoo]

Hacking is a major issue. Proving that through online money launderers all over the world, this thing proves that "our exchange is not safe" so we have a lot of caution.

In the world of internet, you will always keep on facing such kind of problems and issues. Hackers are the biggest threat to all those who are there in the world of crypto currencies especially as all of their transactions are being carried out online.

The only remedy for this problem is to keep yourself away from such kind of people and by getting more and more information in order to have more awareness about the things.

[KEPLER99]

You can use hardware wallets, such as Ledger NANO or similar.
Hacking was always a problem and we are looking for the ways to solve it

If you’re worried, maybe storing your Bitcoin with paper wallet will be best, though I don’t really know how the paper wallet thingy works, don’t know if it’s reliable or not, but I believe it will be quite good. The only problem you will have is when drop it carelessly and something happens to it. Another thing I have to say is that someone can’t get hacked unless they are used to giving out their information anyhow. One should be very with any info about themselves, unless one that is not necessary to hide.

[GoldenLad]

Well I guess its the fear of been hacked that is why most people refuse to have anything to do with bitcoin or other cryptocurrency. When I told a friend of mine whom i have been trying to convince into investing in cryptocurrency about how people do get hacked if not careful, he ended up telling me he has made his stand not to invest in crypto because it freaks him out. How I wish there will be a solution to this, probably, a lot of people might have invested in cryptocurrency.