EXCHANGE HACKS.WILL IT EVER END?

[szpalata]

In the last couple of weeks,we have seen a lot big exchanges being hacked, funds stolen and everyone thrown into panic.The last one being Bithumb (https://cointelegraph.com/news/bithumb-details-still-sketchy-after-30-mln-hack). Is there really a permanent solution to this nightmare by hackers?

 i think hacker will never stop hacking. because hacking exchanger is the good way source of income. the only way to avoid hacker is always update the security of thier system make it improve.

Since technology keeps evolving I don't think hacking will ever stop and it's also the reason why there are security upgrades from time to time in big cooperations and institutions around the world. A lot of people are motivated to test security in recent times than help improve security so the exchanges ought to be aware and improve their security from time to time.

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[kier010]

it will not stop. hackers are smart and they will find a way to hack the site. many of this hackers are educated people. there is always a loophole that they can exploit.

[ronnis.gomes]

I believe that asset theft on the stock exchanges will never end. Hackers will not give up attacks as long as there is Internet, that is, this will always happen, as it is a way to get easy money.

[muddy waters]

In the last couple of weeks,we have seen a lot big exchanges being hacked, funds stolen and everyone thrown into panic.The last one being Bithumb (https://cointelegraph.com/news/bithumb-details-still-sketchy-after-30-mln-hack). Is there really a permanent solution to this nightmare by hackers?

Hack attacks will never end as long as there are lovers of free money.
The only way I see to guard your funds is not to keep a lot of coins on these exchanges, even if you are doing daily trading.

[akirasendo7]

its not the hackers fault that the security of the exchanges are easy to penetrate,
sometimes it makes a company strive for a secured network, to be able to protect themselves from hacking
i think exchanges needs to harden their firewall and security to protect the investors money
its always their fault, because its their responsibility to keep it safe, from hackers

[Furious 7]

This is a sign and reminder for Bitcoin holders. do not trust 100% against any Exchange.
do not keep BTC in exchange except in no time. use it just to redeem it or use the shoot and run method.

[satriagedhe]

hard to end it , some exchange just to proud about their security and think they wouldnt get hack , and rarely too update. i think the best way is every exchange do maintenance on their site not only to get profit  

[HertzCoin]

I don't think exchange hacks will cease in forseeable future. Of course, exchanges will continue improving their security systems making it more difficult to penetrate, but hackers can learn as well. It's quite likely such hacks will create a new market for blockchain-based insurance companies which exchanges will cooperate with in order to minimize their risks.

[Klestr]

What with the currency anybody knows? What now? global warming? the conspiracy of Freemasons? an attack of aliens? what?

[Yarsk]

Well this is a good indications that the exchange site lack the security capacity to protect their site from being hacked into, and this is the right opportunity for them to step up in security in other to protect their members coins from being stolen. Or hacked.

[melina152]

Currently available all crypto currency exchanges are full with bugs .They do not take care for their security or for their users security .So they are getting hack.Few days back i reported a bugs to btcc.com and they found it (btcc.com Ticket ID #43743 /) .They promissed me to give some bounty but till now i did not recieve any bounty.So why anyone will spend time for report bugs to exchanger.If exchangers provide some good bounty for security researcher they will research it and exchange website can be more hack proof.

[jeffer8035]

If that was a terrible problem, the exchange houses solution with a lot of security and cold wallets that are not connected to the Internet impossible to hack and anti tracking coins like those of the tor platform so they can not be hacked but I know that there is some world that will solve this problem in a short time

[damort]

Yeah. I heard that it was about $31 million. https://btcmanager.com/32502-2/
What a huge loss! I think it never ends until the security is improved. These hackers are really genius and we cannot blame or judge them anything about their jobs. 

[retard75]

Some hacks are staged. Exchange owners collaborate with criminals or are the criminals themselves.
Don't trust the tears and whining of the exchanges if again some mysterious hack happened.

[Nahl]

in my opinion there is no solutions about that and hackers will always be targeting big exchange to get free money and i think in the future possibility to see new exchange got hack again will pretty high and the problem currently is how to avoid panic after hack issue because it's necessary to keep the price not fall more deep again

[snipie]

No, it will not end soon, like bank robbery, you can lower it as much as possible but you will find always some people trying to figure a way to steal from it.
Exchanges need to enhance its security level and customers need to move always their earning to cold wallets

Yeah, there really is no way to stop exchanges from getting hacked. If it were easy to stop hacks, then they would have stopped already. One thing to also remember is it is hard to prove that an exchange that gets "hacked" isn't just an inside job. How hard is it for someone in the company to steal funds? Or even then, its really easy for the owner of the exchanges themselves to steal from customers and then claim it was a hack.

Inside hack is the first possibility that any policeman will look on it. Mt gox, is the best known example, at least until Karpeles proved to be innocent.

[Basaleyi]

There is a way to put an end to exchange hacks where to keep your coins under control which is not possible with centralized exchanges . it is only possible own your private key with decentralized exchange only like tidex (wave platform) the problem face decentralized exchanges is low volume .

[Marlo Stanfield]

In the last couple of weeks,we have seen a lot big exchanges being hacked, funds stolen and everyone thrown into panic.The last one being Bithumb (https://cointelegraph.com/news/bithumb-details-still-sketchy-after-30-mln-hack). Is there really a permanent solution to this nightmare by hackers?

As long as the security is soft and the target is ripe for the taking I doubt it's ever going to stop. Exchange hacks have been an absolute constant for as long back as I can remember back in 2011 with Mt. Gox causing the first Bitcoin crash from $32 back down to $2. Bitcoin is just a dream for hackers given the nature of how it works.

[Dmatey]

No, there can only be a remedy to minimize the occurrences.  these can include, looking into decentralized exchanges. The biggest difference between centralized exchanges (like Coinbase, Kraken and Bitfinex) and decentralized exchanges is that decentralized exchanges do not hold users' funds. No one can ever access your funds other than you. So it can't be stolen unless your private keys are compromised. Strong password. Make sure to set a really hard and long password, and you are the only one to access it from a piece of paper that you control.

[Ucy]

As long as centralized exchanges exist, nope. Even some "decentralized exchanges"  with some centralized mechanism won't escape being hacked. We need to by all means encourage real Decentralized exchanges to enjoy the full benefit of Cryptocurrency