Why is bitcoin and crypto currency ALWAYS getting hacked??

[faith400]

A lot of cryptocurrency work the same way. They run what is called a "hot" wallet that is connected to the Internet, where they store the virtual currency they know they will use to quickly fulfill their customers' trades. Meanwhile, they might keep some or even the bulk of their customers' funds in a "cold" wallet. This cold storage is disconnected from the Internet and inaccessible to customers, partly to ensure it is off limits to remote hackers.

[cold cool]

The price of BTC and encryption is too high. The value of encryption of an address is very high. If stolen, hackers can earn a lot of money.

[Victorrrrrrr]

All of us know, that places which consist huge amount of money might be hacked . This is a huge issue that crypto industry is not well secured

[dutchkay]

Cryptocurrency have turned to a billion dollar market and thereby attracted many eyes towards it and even hackers. Hackers are on the lose trying to make ends meet on their own side. Cryptocurrency being a new technology , it is easier to hack because most people using it don't really understand how to secure themselves. Crypto being a decentralized technology makes every person responsible to secure their own tokens themselves. Remember bitcoin is hosted on a blockchain and it is hack-proof but exchanges and individual wallets are the ones being hacked.

[galinskiydmitriy]

I think that most of the hacking of crypto-exchange exchanges or a purse is in fact counterbalanced. Do you think it's so easy to hack anything? Most likely this is how the exchanges themselves earn. To protect yourself, keep everything in cold purses.

[uyenkt]

Hackers do not hack their currencies for long time they are doing because they know that no matter what happens when they get the coin it is impossible for people to get those coins back without them, private key,

[TheGodFather]

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.

I thibk its because of how little we have safeguards for it especially that it is beng thown ito a dark place jus because of it not being accepted by a variety of world governments. Also it lives in the digital network which is primarily the forte of every hacker and that is why there is a need for regulations to be in place and for us to gave a much more safer cryptocurrency exchange. And we do this by having our plan for cryptocurrency be furthered

[tsmc103]

Hacking is happening everywhere in internet world like websites,personal data ,passwords etc hacking is happening in crypto because more money is involved peoples are careless about their account on exchanges and wallets where they store their cryptocurrencies they are not aware about security threads which is helpful for hackers. always use 2FA security from google authenticate app and otp based transaction so Ur account will be more secure.

[TmottaDing]

Most of the times, the exchanges are getting hacked because the hackers can bypass their security, but it has nothing to do with the blockchain or the way that bitcoin is working at the momenet. Most of the times they just forget to add more layers of security

[dadanpradana]

I do not think Bitcoin can be cracked because Bitcoin can not be faked.
hacking occurs because there are third parties, such as websites that incorrect input when entering the wallet address and private key, or also download applications that can record all your browser history.

in the internet all ny can happen and be careful in buying and selling cryptocurrency.

[gooutfinish]

not only bitcoin and crypto currency getting hacked. You must know that hacker is everywhere around us. Just becareful

[TheClownSong]

Cryptocurrency right now become more popular and hackers know this. They always hacking on crypto because its more safe for them, cryptocurrency is hard to trace and they can just disappear after they stole it.

[JovhanHermias]

Hackers use their knowledge in hacking to sites such as crpyto sites that they can earn big, they are using the skills they possess and know to steal and rob others they want to earn money instantly.

[art.vrn]

Cracking of crypto-currencies became more frequent, first of all, because of the principles of anonymity, crypto currency. This allows attackers to casually uncover stolen funds without much difficulty.

[Fugaga]

There should be a measures to eradicate the issue of hackers in cryptos world, many Wallet have been hacked through the pishing sites. Most definitely we are afraid of getting hacked, that's why hardware wallet should be very cheap for everyone to get to keep using it.

[mojo2208]

The security system of the blockchain is certainly not perfect, but usually people lose their crypto currency because of their stupidity. Many simply do not know how to store sensitive data, leave them anywhere, on various devices, social networks, and then complain

[CryptYeah]

"Bitcoin" has not yet been hacked by anyone, as the crypto currency) Hacking exchanges, using some vulnerabilities of the algorithm type 51/49 and the like, but about hacking and speech can not be! This is more cheating. Well, exchanges are hacked more by fraud and social engineering, rather than brute force or something similar.

[Teawhalee]

Hacking has been existing for long and its really inevitable at some time. Almost everything is hackable in this world let alone cryptocurrencies. An important things is to be careful and keep your details save and don't let it out cheaply. Not everything is hackable, but everyone needs to make his/her own as such by keeping all things safe.

[dutchkay]

Hacking is not a new thing and have been in existence for quite a long time. Crypto space is still not that huge and that is why hack is still a big deal when it comes to cryptocurrency. But still of an exchange is still what I have not wrapped my hands on recently. Individual hack is understandable which is due to some mistakes made by owners of the wallet. But for a well known exchange with enough money to acquire all the necessary securities for their sites to be hacked is what I believe to be a foul play. Check the rate exchanges are claiming hacks these days is alarming. How can all exchange is being hacked with same month as if it is planned. Well with time we will all know the truth behind the stories.

[acord00]

In my opinion, there is hacking against this crypto currency because hackers are too smart but don't have the right place to devote this intelligence. Finally they hack. But if they use this ability to create a security system against crypto currency then I believe his rejection will be more abundant than taking the rights of others. I am sure about it.