Are you Alarmed of the Recent Hacking Incidents in some Exchange?

[masterrex]

Recently Hacking Incidents are Highlighted in the most Crypto-Currency News outlets and Portals this Incidents are undoubtedly has a chilling effect to the Market Since the Investors are wary about the said Incident lately Bancor Network was Hacked and loss about Millions of Dollars? In your Opinion How could this happen if all of this Exchange is employing top of the class cyber security. I remember and iT Engineer tells me (there's no such thing as 100% secure in the internet) and No system is Perfect! is this true?  Don't hesitate to drop your opinion,

[kingzpro]

Obviously, hacking an exchange is a shocking as well as terrible thing, personally as a crypto trader i think we cannot completely be safe online and we have to use exchanges, it is only that we can reduce the exposure and the ones we are holding for long term should be kept in private wallets.

[everythingforsale]

I believe that in 99.9% of  those cases were involved humans. Almost 9 from 10 guys who claim that there wallets were hacked had shared some where the passwords or some kind of things that are allowed to access.

[Mister1k]

Actually I have a peace of mind becuase I hold the token that cant be stolen. This is AML Bitcoin, which has anti-theft and anti-hack features! Chek out all of the features and benefits here: https://amlbitcoin.com

This is so funny hear mate. None of the crypto currencies are hackable. If you find the lose on the hacking site means you might came across via fake site which is similar to your wallet. That is the biggest problem.
I do not find none of exchange has given the transaction id of the hacking attack has been taken part. Please check that first and think well what would be happened behind the news you are seeing in the crypto news sites mate.

[kingvirtus09]

Yes it's very alarming and i'm very aware on that incidents, However we should keep our coins in a hardware wallet no need to keep it on exchanges. There's alot of hackers they intended to hack exchanges. You should be aware on that thing.

[Shame_Game]

The risk of hacking any exchange there is always. In this regard, do not neglect the protection measures - 2FA, strong passwords to the mail and to the personal account of the exchange, etc.In addition, you need regularly withdraw some of the funds from the exchange to hardware wallets.

[masterrex]

Actually I have a peace of mind becuase I hold the token that cant be stolen. This is AML Bitcoin, which has anti-theft and anti-hack features! Chek out all of the features and benefits here: https://amlbitcoin.com

This is so funny hear mate. None of the crypto currencies are hackable. If you find the lose on the hacking site means you might came across via fake site which is similar to your wallet. That is the biggest problem.
I do not find none of exchange has given the transaction id of the hacking attack has been taken part. Please check that first and think well what would be happened behind the news you are seeing in the crypto news sites mate.

I don't really get your Point Mate "None of the crypto currencies are hackable" is that true? I was wondering If that's a reality, and that cyber security technology is existed Why? Crypto-Exchange Platforms are not using it to combat this unfortunate hacking incidents that bring doubt on the system. Since I'm not and IT expert here I have a question, and my question is " Is there really a Hacked Proof System that existed today? if there is can someone name it.

[Andruha1993]

Yes, I have fears. I started hearing such bad news about hackers very often. And that's why I never keep my coins on stock exchanges so that they are not stolen.

[Herbert2020]

this is nothing new. if you check the history it is filled with exchange hack cases, some of them more serious than others and usually they are inside jobs or the exchange itself scamming its users out of their money!

in any case this is not about "nothing is safe on the internet" it is about exchanges not being safe and it is their own fault that they get hacked and the users shouldn't pay for their mistakes. in other words we need exchanges that guarantee the safety of trader's funds instead of making them pay for their mistakes in case of a hack.

[ralle14]

In your Opinion How could this happen if all of this Exchange is employing top of the class cyber security. I remember and iT Engineer tells me (there's no such thing as 100% secure in the internet) and No system is Perfect! is this true?  Don't hesitate to drop your opinion,

This is true that there's no 100% security. Any exchange can be easily hacked if their employee is part of the hacking process. Also this is why most bitcoin users are adviced to not use any exchange wallet as their main ones. I'm not worried about these hacks though you can simply avoid them by quickly moving your funds in and out of the exchange after you're done trading.

[aleksnutis]

And what about decentralized exchanges?
It is possible to take possession of the domain of the exchange, but it seems impossible to crack the users' wallets. Decentralized exchanges do not have normal trading volumes. In the rest they are good.

[Amafunkiest]

 This is why most bitcoin users are adviced to not use any exchange wallet as their main ones, but to be safe about these hacks  you can simply avoid them by quickly moving your funds out of the exchange once trading is done, to be on the safe side.

[chandrarahmadewa]

Yes, the statement disclosed by the IT Engineer is correct, the more sophisticated the security technology so the hackers are smarter and curious how to infiltrate the security system. Also, hackers take advantage of people carelessness in action.

[passwordnow]

That's true that there's no perfect security and all of them have some few bits of openness.

There's no perfect system to be precise so whether they keep on upgrading their security and make it tighter, if these hackers were all living just to rob, they'll still find some ways to get in.

[RNGfight]

Yes, I'm afraid of the news of the stolen exchange.
Because most of the time, if the top exchanges were stolen, there would be a big drop in the market as a whole, which is a terrible thing.

[rockyfeller]

I'm very aware of that. that's why i don't recommend that to my friends when they're asking me this kind of question. I prefer keeping it on MY etherwallet or coinomi wallet. Metamask and hardware wallet.

[clickerz]

This is why most bitcoin users are adviced to not use any exchange wallet as their main ones, but to be safe about these hacks  you can simply avoid them by quickly moving your funds out of the exchange once trading is done, to be on the safe side.

This is one of my mistake, but I put only a certain amount for me to easily buy and sell. But for term hold, I am using a hardware wallet and mostly if its a token, I am using myetherwallet for  easy  access of my funds.

Of course, everyone is alarmed by exchange hacking incident and many exchanges already shut down.

[Mohamme]

So choose big exchanges like binance and bittrex as much as possible, and security will be better protected.
If chose small exchange, so appear pilferage event, probably small exchange cannot afford to pay out.

[spastikss]

there is always the risk of hacking in the digital world. There is no guarantee of this at all. The biggest mistake we make is to keep our assets in the exchanges wallet.

[ElizaZX]

It seems to me that almost any computer system can be hacked. Quite possibly, they launched into the Bancor network some virus that could copy some wallets of the owners, after that they just took their assets to their addresses.