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Author Topic: cryptocurrency exchange hack  (Read 502 times)
knightmairesaint
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December 10, 2018, 11:49:40 PM
 #41

The truth is many exchanges are running centralize system,and that is reason for the series of hack on crypto exchange.
Many exchanges are not using multi security measures.I advocate for decentralized system because In decentralized exchange,one controls his private keys,but in centralized exchange the private keys are kept on server,and once the server is broken by hackers,people will loose money.
It's behooves me to how exchanges are always being hacked almost all the time and the operators of these exchanges never seem to learn anything about how to prevent these kind of hacks.  They should be made to return the hacked crypto to their customers if these kind of things happens.
Very true, for years of crypto business I think hackers are very much involve. Of course, they will especially at this kind of things where crypto transactions rely on Internet connection. The news of exchanges being hacked is not new anymore so it is frustrating to think that even if they knew that their systems are hacker-magnets, operators, security personnel and etc are kind of useless. I mean, they should be updating their systems and checking it for vulnerability. Traders trust them to be used for trading so they better much return it with good work.

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