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Author Topic: hackers becoming smarter than exchanges?  (Read 3028 times)
microwave
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July 28, 2018, 08:19:56 AM
 #101

Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.



I.T expert or Programmer and computer engineer  are responsible why we are now in High END level in terms of Technology using gadget and Computers so the name of hacker is use for a Bad intention because first of all they don't do that if they are not expert using  computer through their knowledge to hacked by the system in any different agencies right? so, we have to do their if they attack of our different property and also in exchanges so we have to be careful.   
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July 28, 2018, 08:35:04 AM
 #102

Battle against exploit and hacks are not yet done. Everyday the mafias and internet thieves are finding way how to exploit others. Some of them are also running an ICO. What we could do now is to become smart.
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July 28, 2018, 09:20:39 AM
 #103

The scammers are scaring new investors away and this must stop.

One reason why the market is on a downtrend at the moment. The security of exchanges is miserably low that they cannot protect it from hackers and intruders. The technology they are using for security is not secured and strong enough to resist hacking. Black hat hackers are really smart which is why the white hat hackers must know how the black ones think. It is their job to protect the exchange because hacking will make the exchange less credible and will affect the whole crypto market. Just like what you said, investors are getting scared now.
Well we cant blame the exchange. Exchanges site always they havea maintenance for their security but the problem the hackers theres always a way if you want something ang most of it is bad doing getting much a head to others always thinking on their own pocket. Exchanges is much smater they are one step ahead.

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July 28, 2018, 09:25:35 AM
 #104

Battle against exploit and hacks are not yet done. Everyday the mafias and internet thieves are finding way how to exploit others. Some of them are also running an ICO. What we could do now is to become smart.
It will be a ongoing battle because hackers are that smart and it like they are one step ahead of us. They know where to look at and how to exploits the system. They might not attack, but they will keep a close eye until such time that the situation is really ripe for them and then BOOM, no don't know what happened and everyone was crying foul because they lost a lot of money. So exchanges should also be attentive and like monitor the health of their system 24x7, because we don't know when those thieves are going to attack.

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July 28, 2018, 09:37:25 AM
 #105

Most of these "hacks" are inside jobs.  They come up with excuses so they can easily run away with users' money.  I've seen it time after time and it looks like this will never stop as long as there are greedy people in this world.
This scenario was also in my mind, I think it was an inside job because it is impossible that someone knows or great scammers knows the system used by these exchanges. I personally not having an idea why scammers got access to their system or unless it is an inside job.
But on another side, yes, scammers now get smarter and they waiting for an opportunity to get access to any accounts that having a potential to steal fund.

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July 28, 2018, 09:49:21 AM
 #106

Most of these "hacks" are inside jobs.  They come up with excuses so they can easily run away with users' money.  I've seen it time after time and it looks like this will never stop as long as there are greedy people in this world.

Maybe yes, and maybe not. Hackers are everywhere. Smarter, well yes also because they are so smart enough to know all accounts and steal. But exchanges must come to be smartest if and only if sites are well protected.
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July 28, 2018, 10:06:29 AM
 #107

As I see hackers are now no longer as in previous years, they are no longer noticeable. New trading platforms are the hazards to the user, they control the cash flow, and makes the trader risk of bankruptcy.
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July 28, 2018, 10:14:00 AM
 #108

Hackers and scammer now a days are smarter and wiser they use everything to get what they want without us being aware of it. and so we must be wiser too and do everything we could to secure our wallet even when post on the exchange when we want to trade or sell something. because they were just following nor getting eye on every move we have.

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July 28, 2018, 10:20:45 AM
 #109

Some experts believe that the current security vulnerabilities are the result of over-development of virtual money, security technologies have not kept pace.
The virtual currency industry will have to adapt and become safer when the number of investors increases. Dealers will understand the importance of network security. This not only affects their long-term operability but also becomes a competitive advantage.
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July 28, 2018, 10:38:46 AM
 #110

Do not be surprised if some hackers do it at the request of big cones.
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July 28, 2018, 05:58:46 PM
 #111

Because the security of exchanges is given too little attention. the system involves a person who is the most vulnerable part of it. And it is profitable to steal crypto currency, as it is difficult to solve such crimes.
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July 28, 2018, 06:20:18 PM
 #112

Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.


Hackers are really smarter these days and we can't deny the fact that they are getting smarter each day. Anything under the internet is hackable these days so we hodlers and traders should be smart enough to handle our earnings with care and we should be wise upon hodling.


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July 28, 2018, 07:00:23 PM
 #113

The scammers are scaring new investors away and this must stop.

One reason why the market is on a downtrend at the moment. The security of exchanges is miserably low that they cannot protect it from hackers and intruders. The technology they are using for security is not secured and strong enough to resist hacking. Black hat hackers are really smart which is why the white hat hackers must know how the black ones think. It is their job to protect the exchange because hacking will make the exchange less credible and will affect the whole crypto market. Just like what you said, investors are getting scared now.
although security is heavily guarded but the hacker is very smart looking for loopholes to break into the market. that's the skill of a hacker who is very afraid.
I am very sad to hear this new market stolen some of the assets causing crypto enthusiasts to decline. I also hope this becomes an example for other markets to be more vigilant in maintaining the security of market privacy.
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July 28, 2018, 07:02:43 PM
 #114

It is not the hackers who are getting smarter the exchanges I believe.
It is the exchanges who are getting smarter to eat all the money and telling the people that it is hacked and making the exchange look like it is really hacked but in reality, it is not.


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July 28, 2018, 07:26:27 PM
 #115

Hackers aren`t "smarter".They are just more focused and persistent at searching and finding loops and leaks in the security of the crypto trading platforms.Most of the crypto exchange platforms just don`t want to invest more money into their security,that`s why they get hacked all the time.
The theory about all those "hacked" exit scams isn`t always true.Nowadays it`s easier to find the real identity of most crypto exchange owners.

I agree with you for instance not only exchanges are getting hacked there is also the NiceHash hacking incident in the last quarter if last year when the prices of cryptocurrency is on the roof. Hackers will exploit almost any weakness in the security through persistence whether it is the crypto market to a social media accounts and to only protact your self is to think how they think.
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July 28, 2018, 07:29:25 PM
 #116

Well most of us here are already aware of the hacking activities of binance and bancor.They are taking practical measures to track down the culprits but the question on my mind is why could coincidentally both exchanges be hacked?Now it appears that the exchanges are not moving at a faster and innovative ways to upgrading their systems and allow these hackers time to study their systems well,identify the loop holes and cause the problem.In my opinion, exchanges should always move in an unpredictable way so as to always confuse these scammers .The scammers are scaring new investors away and this must stop.Exchanges must be up and doing so that we can attract new investors into cryptocurrency else our efforts are going in vain to attracting new investors.

It is not about the smartness. The problem is the thinking which compels them to take the wrong route. Mainly these are guys who just think of short term earnings and ignore the consequences. I have had made good money reporting bugs on websites that prevents such hacks. I know some who make a living with it and also have a lot of respect from others.  Some crypto exchanges have also come up with a bug bounty program.

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July 28, 2018, 07:32:19 PM
 #117

it is true with what you say in the title for this thread, want as safe as an exchanger must be hackers will always find a gap to be able to break and steal data and assets in it. to get to him if not immediately fixed in the system better exchangers the hackers will definitely come back again because it already knows the gap and the process to hack again.
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July 31, 2018, 08:10:33 AM
 #118

Hackers were getting more smarter exploring ways to enter the world of cryptocurrency. At the same the exchanges as well wallet service renders too have involved in the process of making them more stronger to stay away from hackers. In the past hackers could have entered with ease, and now scenario is different.
Exactly. I think so.
These types of hackers are increasingly smarter to explore ways to enter the electronic money world.
At the same trading floors as well as seo services are also involved in the process of making them stronger to stay away from hackers.
In the past the hackers may have entered easily, and now the script is different.
So invest wisely and know how to protect your assets.
With the advancement in technology, the tools which are being used by the hackers are quite advanced and that they are exploiting different kind of vulnerabilities to attack others and to grab the money which does not even belong to them. You have to be very much careful and that you need to stay away from such people and that you can only do once you have enough of the information.
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July 31, 2018, 08:26:05 AM
 #119

Blackhat hackers are becoming smarter, they can easily break through the layers of security that programmers write to protect their bitcoin, but with their intelligence to attack the back door to serve. for theft, profit for yourself.
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July 31, 2018, 08:32:29 AM
 #120

hackers are hackers, scammers are scammers...
they are in every corner of the world.
all we need to do is to be careful and keep in safe.
exchanges will do their work and will try to put walls that hackers can't get in.

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