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Author Topic: Cryptocurrency wallets: Can they be hacked??  (Read 3785 times)
vnck25
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June 01, 2018, 12:41:40 AM
#1

I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
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June 01, 2018, 01:48:17 AM
#2

It can be hacked if you give your important thing like password or private key. You know scammers do all the things just to get our valuable things and they can manipulate our minds to provide all that they want.
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June 01, 2018, 01:53:49 AM
#3

Yes for sure , wallet can be hacked. Technologies right now is very amazing that we all know it can bring good and bad to us.Like everyones wallet even how much you tried to take care of it theres a possible thing that it will be hacked.All we need to do is think before you click or dont trust anyone coz you might end caught in their trap.
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June 01, 2018, 02:59:07 AM
#4

It's truly possible, there are many hacker that wants to steal your funds to gain money just remember hackers is everywhere anytime they can attacked. Hackers nowadays are very smart and determined to steal anything and you only need to do is be careful on what information that you give in any site or phishing emails.
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June 01, 2018, 03:12:56 AM
#5

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

As I know it and as I have seen, the answer is yes, online wallets sure can be hacked. There are lot of insidents that we can read that says that their wallets has been hacked, and most of those people who are complaining have an online account, so I think, having an offline crypto wallet is better amd more secured.

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June 01, 2018, 03:37:10 AM
#6

I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
Well, I think everything on the internet is not safe from hacking. Although some have a high security ,this does not guarantee a total security against hackers. Technology is improving as day goes by and so are people. Humans are the one who invented technology so humans also can get a way on how to hack even with the highest security. We cannot always trust on the security of the wallets.
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June 01, 2018, 03:41:09 AM
#7

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

There are lots of incidents,where cryptocurrency wallet has be hacked. And you have also read that exchanges had been hacked.
So it is suitable to keep your cryptocurrency in offline wallet or hard wallet like: Trezor ,ledger nano etc
They are safe no chance to be hacked.

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June 01, 2018, 03:42:24 AM
#8

Whatever is made by a man can always have loopholes no doubt and there will always be another person out there who is more intelligent than the creator .
Thus one can always hack it but it's on you how well you skeep it safe.
There are hardware wallets too they are quite pricey but you know they are more or less safest out there.
Online wallets are something that am always scared of.
Offline ones are safe considering you don't install some malicious content on mobile and keep your password and keys safe.
No matter what don't ever share your details with someone else, it's not worth loosing your savings altogether.



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June 01, 2018, 03:51:48 AM
#9

Yes, Anything that is online can possibly be hacked or exploit. Sometimes people got hacked due to their own negligence and no matter how secure the crypto wallet is it still depends on the behaviour of users on how they use it.
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June 01, 2018, 05:23:45 AM
#10

I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
Yes you can be hacked if you are not careful on what you are clicking, on what you are downloading and where you are typing your private keys.

These wallets/clients are strong enough to protect your wallet but as a user, you have the responsibility to keep your important private keys. If you downloaded or logged in to a place that includes your private key, there's a possibility that you'll be hacked.

Be responsible with your wallet although they are safe and secure but if the user is not keeping it correctly, chances of being hacked is there.

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June 01, 2018, 03:34:50 PM
#11

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

There has been some hacking of them due to the badly written code, for instance famous parity wallet, multisig wallets were hacked for ether and funds were locked in contracts. It is irreversible without hard fork. So it can be hacked but only if it was coded poorly...
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June 01, 2018, 04:07:22 PM
#12

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

There has been some hacking of them due to the badly written code, for instance famous parity wallet, multisig wallets were hacked for ether and funds were locked in contracts. It is irreversible without hard fork. So it can be hacked but only if it was coded poorly...
You have a point that coded poorly is one factor that is possible to hack, so in that case, we need to double private key in our online wallet especially those not using hardware wallet. Applying 2FA authentication is the best thing to do, and keep always in a safe place your private key we have our responsibility to keep that safe.

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June 01, 2018, 04:08:12 PM
#13

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

Your question above makes me want to ask back to you, for what you ask as above? Do you want to try to hack into the cryptocurrency purse you mentioned?  Grin Grin Grin

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June 01, 2018, 04:16:21 PM
#14

everything can be hacked, there is no 100% security ever. there will always be some way to hack everything but it will all come down to the level of security that you have and how hard it is to hack it.

for example in addition to my cold storage i have a desktop and a web wallet and neither have ever been hacked because of the security measures that i take such as password protection, having a firewall, never installing crap that i don't know,...

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June 01, 2018, 04:18:03 PM
#15

Yes sure. All of the wallets can be hacked, a hacker has a lot of idea and ways to hack the wallet. like phishing. So we must be careful, we must keep the private key as good as possible, do not let anyone know except ourselves.

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June 01, 2018, 04:35:15 PM
#16

No matter how secured your wallets are, do not underestimate hackers because they can break your heart. It is better you are so cautious about yourself to avoid these hackers from robbing your coins and tokens away. Hackers are so intelligent and smart in the sense that, the least careless you play, no matter how secured your wallets are, these hackers will easily hack into your. The answer is Yes, cryptocurrency wallets can be hacked.
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June 01, 2018, 04:52:09 PM
#17

Online wallets could be hacked but the hard ware wallets I think it is impossible to be hacked,
They could only access your hard ware wallet if they have your back up keys and it is impossible for them to get the right pattern of random words .

 
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June 01, 2018, 05:05:21 PM
#18

I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
whatever kind of wallet we have I think it will be very vulnerable to hacking if we are not careful in storing our private key. so I think the most important thing is how we can keep a secret about the wallet we have from anyone because if someone knows about the wallet we have it will have a considerable hacking risk.

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June 01, 2018, 05:13:09 PM
#19

everything can be hacked, there is no 100% security ever. there will always be some way to hack everything but it will all come down to the level of security that you have and how hard it is to hack it.

for example in addition to my cold storage i have a desktop and a web wallet and neither have ever been hacked because of the security measures that i take such as password protection, having a firewall, never installing crap that i don't know,...

That's right. And because one or even a few people can only do so much to protect and safeguard their code, this is one big reason why you should never trust or use non open-source wallets.

Open source means the whole world can see your code and point out flaws and shortcomings. Bugs are easier to fix, exploits are easier to identify. In fact, the wallets that I know of that have been exploited or hacked have not been open source. Yes, I'm talking especially about the Jaxx exploit that has been demonstrated.

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June 01, 2018, 06:43:21 PM
#20

Any wallet is vulnerable to hacks, because there are several angles of attack. A hacker might not even have to exploit the

wallet software or code. They can use the "Man in the Middle" attack strategy where they intercept the data before it is

send to the wallet or they can use a Phishing strategy where they re-direct you to their fake site or wallet software. They can

even install Malware on your computer to capture all the data that you enter to re-use it on another computer. They can steal

your seed when you create the wallet or grab your private key, when you use the wrong method to create Paper wallets for

cold storage.  Roll Eyes

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