Any solution will arise to avoid the theft of bitcoin in the exchanges?

[german1080]

Hello, I would like to know the opinion of all users of cryptocurrencies on a topic that has me very worried, after all the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens, how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

[AngelSky]

Hello, I would like to know the opinion of all users of cryptocurrencies on a topic that has me very worried, after all the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens, how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

I think even exchange also can give security features in the normal wallet but I do not know why they are not doing that at all bro. So far many scam attempt and hacking has been done upon news has been shared there.
Still there is no any website shared the transferred public address to anywhere as the reference too.

[Xardasim]

Hello, I would like to know the opinion of all users of cryptocurrencies on a topic that has me very worried, after all the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens, how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

Even if you have a solution for it in the future, no one will be able to solve the problem. No matter how strong a system is installed, hacker will remedy how to hack it. Now, Blockchain was built on the internet and everything on the internet system can be hacked.

[hatshepsut93]

Exchange hacks have stopped significantly affecting the price long time ago, so currently if there is any effect, it lasts just a few hours or days, depending on the size. The recent sharp price drop was NOT caused by an exchange hack, this is just a coincidence.

Maybe in the future there will be some way to protect hot wallets on a protocol level, but today the good old netsecurity is the only way to protect exchanges from hackers. Also, decentralized exchanges won't have wallets if they will be 100% peer-to-peer, so there will be nothing to steal.

[pixie85]

There already is a solution called cold wallet. Smart exchanges are keeping most of their money there and are employing people to watch and confirm withdrawal requests. Stupid exchange owners keep everything in hot wallets and cry when it all gets stolen.

[cryptohopes]

It is very tough to save things over internet from being hacked. No matter how strong your security system is now or later the hackers will find the way to hack it so there is no assurance to it. Still I will request the exchanges to enhance their security system.  This can solve the problem to some extent at least.

[royalparade01]

It is very tough to save things over internet from being hacked. No matter how strong your security system is now or later the hackers will find the way to hack it so there is no assurance to it. Still I will request the exchanges to enhance their security system.  This can solve the problem to some extent at least.

We requested their security system defensively to avoid the theft of bitcoin in the exchanges. Although bitcoin is a decentralized digital currency exchanges so it's means as the system works with out any single administrator but we should alert and be knowledgeable about it,so there's nothing to do to steal at all.

[franky1]

Hello, I would like to know the opinion of all users of cryptocurrencies on a topic that has me very worried, after all the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens, how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

most hacks are not hacks. they are exchange owners retirement schemes (run off with funds but blame a outside stranger they cannot name)

that said multisigs with time locks can prevent third parties from just taking the funds because it needs the users signature which an exchange wont store.

but ethical exchanges that dont have the retirement plan to run off with peoples funds can adopt the most basic of security. which is to not put private keys on the same server as thir website front end. thus if a hacker gets into an exchange server, there are no private keys to steal.

this can also be expanded where users register a public address where withdrawals have to go to, again preventing funds going anywhere else. all controlled off server where the front end exchange server just acts like an engine for trades and the off server acts as the deposit/withdrawal engine.

which can be managed in milliseconds to know who is a valid withdrawal requester or not. all by use of signature recognition

[peter0425]

Hello, I would like to know the opinion of all users of cryptocurrencies on a topic that has me very worried, after all the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens, how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

Sad to say, there will be no solution because hackers are always one step of the game. It will be a continues cat and mouse game here and the only way is for exchanges to hire security experts and have a monitoring team, sort of operations group 24 x 7 to monitor suspicious activity in the server side, just like a casino who has a "eye in the sky' to catch the thieves. But believe me, this hackers are really very good and intelligent and a simply loophole could be exploited. Some of them will find that loophole but wouldn't exploit it, but will wait for the perfect time to launch their attack. To summarized:

* hire a team to monitor 24 x 7. Get a competent group of people to do that job.
* patch software as often as they can because hackers usually attack this security loopholes
* learn from the past mistakes. try to have a knowledge based so that exchanges can't be hacked using the same exploit.

[Grayy]

Everybody can be a genius in the digital world. Hackers are always trying hard to come out with superior technology and algorithms to get into people's vaults unauthorised. So far it's just blockchain technology that is prone to hacking attacks. The best thing you have to do is to tread cautiously and use a very good exchange while learning of ways to also keep your own crypto safe.

[bncbnc]

There already is a solution called cold wallet. Smart exchanges are keeping most of their money there and are employing people to watch and confirm withdrawal requests. Stupid exchange owners keep everything in hot wallets and cry when it all gets stolen.

Yes that is right that cold wallet is a best solution, where you can put your bitcoin more secure, but i think that even exchanges will improve thier wallet to give it more security, which will then become too much difficult for the hackers to hack the people currency who are using it exchanges for converting it or for trading purposes.

[KMattox]

Hello, I would like to know the opinion of all users of cryptocurrencies on a topic that has me very worried, after all the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens, how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

this is a really simple question: Decentralized Exchanges!!!!
I advice you to take a look to NEX for example that will start with NEO then ETH and then BTC, LTC, ADA and major cryptocurrencies!!!

[ladydark]

Hello, I would like to know the opinion of all users of cryptocurrencies on a topic that has me very worried, after all the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens, how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

It would be better not to store bitcoins in exchanges itself.

[pocket_lck]

Hackers are very troubling and it should be resolved quickly, and we must improve security to keep our assets or assets, for now we can use 2FA.

[btccashacc]

this is a really simple question: Decentralized Exchanges!!!!
I advice you to take a look to NEX for example that will start with NEO then ETH and then BTC, LTC, ADA and major cryptocurrencies!!!

Using a decentralized exchange it doesn't mean you are safe from the hackers since they always looking for a new method to steal our money, have you heard about DNS attack well this one is the method that hackers is doing. There is no solution for this the only way is just improve the security of your account such a 2fa verification and always check the address before you input the details.

[TepungBeras]

A workable solution for the future will be the presence or the use of stronger security codes for our account security to keep assets in storage.

[Crypto_Sassy]

Hello, I would like to know the opinion of all users of cryptocurrencies on a topic that has me very worried, after all the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens, how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

most hacks are not hacks. they are exchange owners retirement schemes (run off with funds but blame a outside stranger they cannot name)

that said multisigs with time locks can prevent third parties from just taking the funds because it needs the users signature which an exchange wont store.

but ethical exchanges that dont have the retirement plan to run off with peoples funds can adopt the most basic of security. which is to not put private keys on the same server as thir website front end. thus if a hacker gets into an exchange server, there are no private keys to steal.

this can also be expanded where users register a public address where withdrawals have to go to, again preventing funds going anywhere else. all controlled off server where the front end exchange server just acts like an engine for trades and the off server acts as the deposit/withdrawal engine.

which can be managed in milliseconds to know who is a valid withdrawal requester or not. all by use of signature recognition

I am totally agree with Franky, This is always the exchange insider jobs or their bad policies.
Whenever the exchange lost money did you ever heard that Blockchain got hacked? 
I believe in 99.99% case it is always insider job (or their own retirement scheme) that they just name as hack to outside world.

[keycellko]

Well these hacks has happened so many times and the exchanges are like making it as an excuse when they go bankrupt. Really, hacks can happen. But we should choose the right exchanges to protect us. I hope most exchanges will guarantee security. This will build trust within the cryptoworld.

[pooya87]

the constant hacking that the exchanges suffer drastically affecting the price of bitcoin each time a hack happens,

you got two things wrong.
1. the hacks don't "constantly" happen. for instance bitfinex was hacked once AFAIK and that was 2 years ago. there are tiny exchanges that get hacked that nobody even have heard their names, you can't call that "constantly"
2. the hacks on their own are not the reason for the effect on the price, it is the manipulation that comes after it. for example last year during the rally we had one exchange hack that did nothing and this month we had an exact similar hack on another exchange that affected the price!

how would you solve this in a future so that the market and users are not affected?
Will any solution arise in the future?

regulate exchanges and prevent them from scamming people and call that a hack.
regulate exchanges and force them to provide some sort of insurance (funds, assets,...) that proves they can accommodate the user's funds in case of  a real hack.

[Dreamchaser21]

Well these hacks has happened so many times and the exchanges are like making it as an excise when they go bankrupt. Really, hacks can happen. But we should choose the right exchanges to protect us.

Hacking is really a problem in a world of cryptocurrency and we really need regulations on the exchanges, who knows it might be an inside job between them so they can get money from their users. I know some exchanges are being regulated now and I hope it can lessen the risk of being hack. Well, it is still not guaranteed but I know in the future this market will be more secured.