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Author Topic: Why is bitcoin and crypto currency ALWAYS getting hacked??  (Read 1771 times)
tombola_official
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July 14, 2018, 06:22:36 PM
 #181

Hacking is not only a problem in cryptospace, it's happening everyday, websites get hacked for data, people's personal computers get hacked to gain passwords etc, social media accounts get hacked for whatever reasons and so on. There's a lot of money going around in cryptospace and a lot of people are careless with their security of their wallets and computers etc. On top of this the risk of getting caught for hackers is very low, so interesting for them. Same goes for the Exchanges, they are big targets and not all of them have their security in order, cold storage of funds is a must imo. There always will be hacking attempts because they are one step ahead of the security measures. Sadly we have to live with it.

Be safe
Thank You Very Much For Let Us Know.
Tylev
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July 14, 2018, 07:08:31 PM
 #182

If earlier hackers hacked various sites and abducted information, now for them the crypto currency is a very tempting object, because they have the ability to steal large sums of money, which sometimes reach millions and tens of millions of dollars. Fighting hacking is very difficult, because they can be located around the globe. Personal self-interest causes them to show real miracles of ingenuity. Law enforcement just do not have time for them. This will be the greatest challenge of this century.
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July 16, 2018, 01:25:14 PM
 #183

Bitcoin has never being hacked, it's only the unsecure wallets that get hacked. If you keep your keys safe, your wallet will not be hacked.
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July 16, 2018, 01:36:46 PM
 #184

You can understand simply because all of our bitcoin transactions are done over the internet, you can not avoid the risk of being hacked . But I can minimize that risk by choosing a good purse for myself and not focus on storing my bitcoin a purse. And divided by many different wallets

Desscount
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July 16, 2018, 01:41:48 PM
 #185

Is it really that hard to prevent hackers from hacking exchanges, wallets and God knows what other methods they use...
 I mean how on earth is crypto supposed to flourish if it's so venerable to hackers?
 Every month a huge hack happens and totally destroys the crypto image yet again.
At this rate, bitcoin will go to $1 as it gets hacked every day.
Is it possible to take simple precautions to protect against hackers?
For a so called "unhackable" wallet,private key ect, it seems to be a cake walk for any hacker.
 Sorry for the rant, it's just irritating to see crypto slowly dying because of hacks.



in fact anything that contains the element of money will cause every means to do, and like hacking. this happens to all not just on bitcoins.
I think it would be very difficult to break into any wallet network even more have an online system that is easy to track fast. for that you should be more vigilant in every action and also prioritize the level of security.

arabellascott21
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July 16, 2018, 01:45:23 PM
 #186

Hacking happens not just in crypto but in everything. greed will always drive to people to hack something to get the money they want. It's human nature. Let's just be careful with every transaction and limit the deposit to exchanges.
Amajaa
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July 16, 2018, 11:02:28 PM
 #187

Being hacked happens nowadays the security dependa on us.. There are some secure wallets we can use to protect iur funds we should also need to be careful on clicking links for some will lead uou to phiahing sites, we need to store aour private keys on secret place and never tell anyone about it..  And also do not put all you funds on onw basket only.. These are just some tips to prevent from hacking..
DoublerHunter
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July 16, 2018, 11:07:02 PM
 #188

Being hacked happens nowadays the security dependa on us.. There are some secure wallets we can use to protect iur funds we should also need to be careful on clicking links for some will lead uou to phiahing sites, we need to store aour private keys on secret place and never tell anyone about it..  And also do not put all you funds on onw basket only.. These are just some tips to prevent from hacking..
It is not about the security that it is in our hands, it is about the hackers who are always greedy for money and if they see an exchange or site that is going to have an exploit then they will penetrate that to get some bitcoins or other cryptocurrency that they might use to get a lot of money.
bidadari22_
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July 16, 2018, 11:07:14 PM
 #189

I think bitcoin can not be hacked or technology behind it, wallet or private key. This is one that can be hacked and I think some even of these events are in user error.They sometimes expose their keys or do other things that do not care but the bitcoin itself, can not be hacked.Also,there is no direct connection between hack incidents and the tendency of bitcoin price drops.Some people are hacked because they do not pay attention to their security and passwords. This is a great effect of cryptocurrency.
btcCoincart
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July 16, 2018, 11:22:12 PM
 #190

It's because of the big money from them. And most holders now they store their altcoins or btc on online wallet which hackers can easily get access when they didn't save their private key carefully. In my opinion, if you're serious with your crypto assets, buy hard-wallet (cold wallet) to store in your house!
samycoin
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July 16, 2018, 11:28:43 PM
 #191

We can't avoid the hacking especially in cryptocurrency we all know hackers do everything to steal our money. Even many exchanges do many security hackers will find a way to make their bad doings. Not only in crypto have a hacking even in every individual experience it. So we need to be vigilant and more extra careful.

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July 16, 2018, 11:35:08 PM
 #192

Bitcoin not hacked and other cryptocurrency understand on what's happening in crypto. It is best to secure your wallet to avoid hacking since hackers cannot stop them. Their is hacking issues your responsibiltiy to secure your wallet keep safe your coins and private keys.
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July 16, 2018, 11:39:31 PM
 #193

   Here on Earth has no safe. A lot of things may happen in every seconds. In crypto world is the same, a lot of hackers out there and they attack any time they want with out our knowing. Everything is possible for them ,hacking our online wallet,exchange and website just to get and steal all that we have like money,crypto coins and personal information about our identity. There is no impossible for them but we can still make our wallet secured,so that they are not easy to hack it.

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Crypbull
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July 16, 2018, 11:46:09 PM
 #194

Hackers not only crypto, It will effect for all internet of things, Most of got hacked because of the unwanted use of internet, and don't think the security of the data, That is the main reason for that. If you deal with the internet of thing you should consider personal safe, Be safe  Smiley
nazaididuan1
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July 16, 2018, 11:52:15 PM
 #195

Because the cryptocurrency is hidden, decentralized, and it is cumbersome to track!
A large amount of money is traded in cryptocurrency. Attacking cryptocurrencies can earn a lot of money, and it can effectively evade legal sanctions, so hackers like to attack cryptocurrencies!

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July 16, 2018, 11:54:56 PM
 #196

Because the cryptocurrency is hidden, decentralized, and it is cumbersome to track!
There's no relation that because crypto's are hidden and decentralized it is being hacked. The ones that are getting hacked are the exchange.

Bitcoin blockchain, network is totally safe and it hasn't been hacked although it has been attacked by spams before to make it slower but it wasn't hacked.

A large amount of money is traded in cryptocurrency. Attacking cryptocurrencies can earn a lot of money, and it can effectively evade legal sanctions, so hackers like to attack cryptocurrencies!
There you go, that's correct and bitcoin and crypto's aren't the ones that are really hacked but the holders of it which are the wallets and exchanges.

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gundala
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July 16, 2018, 11:55:46 PM
Last edit: July 17, 2018, 12:17:12 AM by gundala
 #197

Moreover investing with bitcoin is very profitable. So many want to get it. Some choose the right path, such as trading, investing, etc. and some are using the cheat way, yes like the hacker. So be careful. Hackers always take advantage of our negligence. My advice, use complicated passwords with combinations of numbers, letters, and characters, do not store assets in the wallet exchange.

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July 17, 2018, 12:28:06 AM
 #198

Simply answer is  "because don't care the self-secure Angry" Most of are don't care self-secure they go all phishing site and then got hacked, This is the main reason If  you use secure way to access internet of thing you will never get hacked, And also try to use hardware wallet to store your fund this is also one of secure method but you should care the wallet  Smiley

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July 17, 2018, 06:02:26 AM
 #199

The hack incident that happens to us is nothing compared to what happens on banks. They have always announced in many occasions that they are hacked but their users will not feel any worries because whatever they have lost is going to be returned to them unlike in exchanges that when you lost it in a hack, it is over.
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July 21, 2018, 11:48:47 AM
 #200

Moreover investing with bitcoin is very profitable.
Profitable until you get hacked and the hacker takes your profits.  Bitcoin is easy to hack.

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