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Author Topic: Cryptocurrency wallets: Can they be hacked??  (Read 3656 times)
deevan
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June 01, 2018, 06:48:10 PM
 #21

Actually, they can't directly be hacked unless you leak your private keys accidentally. Online web wallets are not secured that enough those holding your private keys & is same with crypto exchanges they can be hacked directly by black hat guys by bypassing server security, wallet storage data. But wallets for which you are holding your private keys then it is then you own responsibility to safeguard it from hackers, malwares, keyloggers, phishing websites, malicious clipboard.

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June 01, 2018, 07:19:48 PM
 #22

The only time these wallets can be hacked is if the user's security is compromised or is careless enough to give out private details on his wallet. Technically speaking, these wallets are pretty damn secure, though exploits can still be employed to get something out of it. There are times when viruses and malicious files on a machine where wallets are stored sifts through your machine's files to gather information regarding your wallets, bank acocunts etc. If you're careless enough, you might download these types of files and voila! Balance is gone. But if a hacker tries to crack a private key, that is theoretically impossible as one needs a huge amount of processing power to achieve such.

Just keep your machines secured and, if losible, encrypt your important files plus back up your data so when the unexpected event happem, you still have something to fall back to.

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June 01, 2018, 07:55:37 PM
 #23

Yes, it can be hacked. But it is not that easy. If you don't share your credential with anybody then it will be very tough to do something with your wallet. But if you, unfortunately, give your credential information to someone then, your wallet may be hacked. But there is a new strategy for hacking coming to the mind of the hacker. Now they are trying to hack by creating a mirror site exactly same to your used one. People taught it was the original site and give credential information !! But alas it was not the original site. By creating mirror site hackers can easily hack wallet and steal. Please be careful.
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June 01, 2018, 08:50:47 PM
 #24

I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?

There are lot chances for a wallet to be hacked. It is the individual responsibility to have the wallet kept secured with all the options given by the providers. Activate 2FA google authenticator which will keep the wallet more secured. Look out for the URL you have entered. This needs to be really checked. Here where we miss by chance and hackers enter into the account without any notice and steel the money. So be more cautious on it.



























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June 01, 2018, 09:23:22 PM
 #25

A lot of people believe that for example hardware wallets are the most secure way to store Bitcoin and they are wrong. Both TREZOR and Ledger had some serious bugs. Unfortunately, there is no perfect solution and it has been already proved. Even software wallets such as Electrum or Bitcoin Core had some vulnerabilities in the past. I would recommend anyone to use a cold storage (for larger amounts of bitcoins) and a mobile wallet in case it was possible to spend Bitcoin in a local shop.

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June 01, 2018, 09:28:39 PM
 #26

A lot of people believe that for example hardware wallets are the most secure way to store Bitcoin and they are wrong. Both TREZOR and Ledger had some serious bugs. Unfortunately, there is no perfect solution and it has been already proved. Even software wallets such as Electrum or Bitcoin Core had some vulnerabilities in the past. I would recommend anyone to use a cold storage (for larger amounts of bitcoins) and a mobile wallet in case it was possible to spend Bitcoin in a local shop.
Nah not really recommended using mobile wallet, since when you acidentally throw the app to the trashbin, puff, it's gone and the fun fact is, people tend to accidentally delete application, so using mobile wallet will be more dangerous than hardware wallet, however, the hardware wallet's bug that they have is kinda hard to be used to jam people's hardware wallet. It needs more effort than just stealing a private key from someone else's desktop wallet so using hardware wallet is still recommended whatsoever, or if you want total security, buy raspberry pi, set it up with bitcoin wallet and after installing the wallet there, never connect it to internet.


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June 01, 2018, 09:32:58 PM
 #27

Honestly saying it can be hacked.But you can prevent that from hacking.For that you have to make any security setup.In localbitcoin,one good and trusted security setup is their.The name of the setup is two factor authentication.It access with your mobile and no one can hack from this setup.

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June 01, 2018, 10:10:59 PM
Last edit: June 03, 2018, 04:08:18 AM by vintages
 #28

Hacking is becoming an easy thing to do these days and yes, your wallet can be hacked. Just know that it safety also depends on how you keeps or secure it. The simple act of not safeguarding your wallet, entering into phishing sites or bringing in malware from files and other stuffs can easily expose your wallet to potential hackers, it's keen and surprising to know that nothing is beyond hacking since the growth of technology.

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June 01, 2018, 10:48:05 PM
 #29

It can be hacked, by I more than sure that always in this blame coin holders, because they using same passwords everywhere or using too easy passwords or using/downloading programs or scripts what strolling coins from them. So, I sure that wallets enough safe, big problem - the human factor and people's trust.
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June 01, 2018, 10:51:42 PM
 #30

I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?

Yes of course it can be hacked special if your wallet was in online or in website that can transact that was possible to hacked but of course it have a solution for the hackers because right now we have a offline wallet that can be use or that can avoid to hacked your coins because i have a friend that he is using hardware wallet or offline wallet that have a device just like flashdrive so he can avoid to hack his coins.

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June 01, 2018, 11:00:19 PM
 #31

I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
Yes.They could be hacked.Recently we saw a notification from the official Electrum website to upgrade the Electrum wallet to 3.0.5 to avoid getting hacked.

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June 01, 2018, 11:27:04 PM
 #32

any cryptocurrency can be hacked we have seen many cases so step 2 verification is must  for all crypto currency wallets
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June 01, 2018, 11:32:34 PM
 #33

I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?

If you people are very careful in securing the wallet I am sure it will not happen. So from that jagnan never kash tau people about access to your wallet because it will be very easy to be hacked.
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June 01, 2018, 11:52:48 PM
 #34

These wallets are vulnerable if the wallet owner isn't aware of what he's doing.

If someone sends him a phishing link and he is into airdrops he can easily be fooled and later on he'll find out that his wallet is empty. Because of his not aware and informed that some airdrops that are doing this are scams and is likely to hack your wallet.

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June 02, 2018, 12:00:16 AM
 #35

Hard answer is yes,  but keeping your code and private key increases the wallets safety, when someone ask for them during transaction or to check immediately block them or ignore them because they are trying to take it from you so be careful.
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June 02, 2018, 09:49:14 AM
 #36

I don't know much about the Neon wallet but all cryptocurrency wallet can be hack if you yourself don't take the necessary precaution or exposing your wallet to danger by visiting trojan or spam site, reading infected emails, not blocking ads, no keeping your wallet private keys safe. In addition, using old version of eletrum wallet or other cryptocurrency wallet can also expose your Bitcoin to damage.

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June 02, 2018, 09:58:32 AM
 #37

for technology like nowadays almost nothing is not possible although the security of bitcoin wallet is constantly improved but there is always a way to hack it, because no security system is really safe as long as it is man-made. so its core can certainly be hacked we can only hope not our wallets are hacked and stolen his data.

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June 02, 2018, 10:30:04 AM
 #38

For neon i will said there is possible for you to loose your coin because alot of negative feedback was said about the wallet but you can still try newest version. Also for bitcoin core and electrum  are good but use the updated version of electrum wallet because the old version is vulnerable. After, doing that all you need to do is to avoid user error which could link your wallet to hackers.


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boyptc
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June 02, 2018, 11:04:11 AM
 #39

I haven't used NEON but most of the software does have their strength and weakness but as long as these weakness are unveiled hacking will be hard. There are hackers that are lazy to work for their own money but are just lurking and seeking for their targets, wallet users has the full responsibility if they get hacked.

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June 03, 2018, 04:43:57 AM
 #40

Yeah absolutely, well if the hacker was high level, and actually we can't find out the way to get back our assets from those hacker, we only can avoid it by managa your privacy security safely.

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