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Author Topic: Bithumb under attack ?  (Read 162 times)
Dukjila
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June 21, 2018, 07:11:07 PM
 #41

This is the lack of crypto currency, I think: if someone did the software, then there will be another person who will hack this software.
To keep tokens, companies must constantly invest in improving security.
Good protection all this only increases the time of hacking.
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peter_coin
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June 21, 2018, 08:26:00 PM
 #42

I heard the news about Bithumb being hacked, it's sad and I hope they refund the stolen funds. Exchanges need to take security very seriously.
darkangel11
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June 21, 2018, 09:21:43 PM
 #43

I heard the news about Bithumb being hacked, it's sad and I hope they refund the stolen funds. Exchanges need to take security very seriously.

I don't see it as sad. If they can't protect their funds on cold wallets and are making the withdrawals automated because it costs too much to employ a real person to manually check them, much like it's done in a real bank, they will have to cover the losses from their own pocket. There's been so many hacks that security on exchanges should be constantly improving. Real life casinos have teams constantly watching the floors and coin exchanges are earning millions of USD a year and can't even get proper security.
cryptolidus
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June 21, 2018, 09:35:35 PM
 #44

It seems that every week  some of the Exchanges are hacked. When it happens, there is not much for investors to do, than to be patient and listening the announcements. It is good to know that besides  Binance, Bithumb also decided to compensate their investors.
This kind of responsibility  is good for the reputation of Bithumb and  will strengthen the  confidence in Crypto .

Koro-Sensei
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June 21, 2018, 10:37:03 PM
 #45

Excellent response shown by Bithumb to compensate the users loses with big amount of money, perhaps this responsibility of Bithumb drive the effect to Bitcoin price increasing recently.
it is fitting that a large company is responsible for any problems that occur, as it could be a positive feedback from users who have received compensation from bithumb
Yeah giving compensation to every affected users might get their morale up but the problem is their security just how did the hackers attack this particular site. That's the problem for as of now in bithumb to know the cause and solve it then compensate every user. I think even bithumb might have hard time giving all those money to users it's like double loss.
MoonsGravity
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June 24, 2018, 08:51:36 PM
 #46

Excellent response shown by Bithumb to compensate the users loses with big amount of money, perhaps this responsibility of Bithumb drive the effect to Bitcoin price increasing recently.
it is fitting that a large company is responsible for any problems that occur, as it could be a positive feedback from users who have received compensation from bithumb
Yeah giving compensation to every affected users might get their morale up but the problem is their security just how did the hackers attack this particular site. That's the problem for as of now in bithumb to know the cause and solve it then compensate every user. I think even bithumb might have hard time giving all those money to users it's like double loss.

I don't know how much Bithump charges to list a coin in their exchange, but places like Binance charge around a million dollars. If they charge such fees then $30,000 is nothing.
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