Why there are certain exchanger have been hijack/hack?

[alyssa85]

Most of these hacks are inside jobs. Cryptsy for example pretended to be hacked, and really the owner just made off with everyone's coins.

More recently, it looks like the Bitgrail "hack" is an inside job by the owner - though police are still investigating.

It's basically a long con - get loads of people to join your exchange, get them to trust you and deposit more and more stuff. And then one day just shut up shop and disappear with the coins claiming there was a hack.

This is why you should never store coins on an exchange - you never know if you are going to be a victim of a long con.

[Chrisjay29]

If a hacker succesfully hijack a exchanger. He or she will be a instant millionaire with no criminal record or maybe in a cycber crime, but i think you cant file a case if dont know who you will file...ubless you know who is the hacker an you have a evedince. Maybe they can track it just like the government do if there were try to hack the government system.

[brkttlv]

i think, it is only about to manipulate the market.

[Anonaneadone]

Is there any solid reason why? Is it because they want to make other people not to buy cryptocurrency? I am curious.

the reason why the exchanger has been hijacked is because there is a lot of money that they  will get if they hack a certain exchanger. not because they want to make the crypto currency market get lost.

[rb26]

Is there any solid reason why? Is it because they want to make other people not to buy cryptocurrency? I am curious.

Asking this kind of question I'm guessing you have zero or minimal knowledge about how technology works. For the record, for years I firmly believe that there's no system that cannot be hacked. Currently, exchanges are the main target of hackers since they are holding a lot of money and they are considered as the crypto "banks". Some may think that it can also be an inside job where someone from the team will be the one who did the hacking. And there's no way their main purpose is to diacourage people from buying cryptos. It's all for the money, pal.

[Kprawn]

90% of the times it is because the exchange is not making enough money! so they just put their left hands in their right pocket and take some money out then start crying that they were hacked while holding that stolen money in their other pocket enjoying the free money that fell from the sky on their laps.

10% of the times (maybe a little more if you are generous) it is a real hack because nothing is 100% secure. there are always vulnerabilities and ways to get hacked no matter who you are and how secure your setup is. for example last year Yahoo told their users that they were hacked and all their database was leaked!

I think you have it spot on there, Pooya. You can add to this, that centralized services like Exchanges have a vulnerability in

that their staff could have been compromised. You can have employees infiltrating your business and leaking your sensitive

code/passwords. You will never know when that person you hired are 100% trustworthy. Most of the time, these hacks are

inside jobs.  

[anjaydut]

this is purely theft, without any reason whatsoever
this is the act of hackers, who want to get a lot of benefits from people who transact, in the market affected by the hack
and the end of this, the hacker's work is getting worse, they do a big theft
this is a problem for the excanger himself, in order to further improve their security system
so everyone who does the transaction feels safe