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Author Topic: hackers becoming smarter than exchanges?  (Read 1524 times)
The_Dark_Knight
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August 15, 2018, 02:18:25 AM
 #181

I don't think so. there may be a small number of "bugs" in the exchange systems which allows or make it easy for hackers to hack exchange site. if hackers become smarter, I can imagine there will be many cases of big exchange hacked in every day.
People have the wrong idea that hacking happens in a matter of minutes but a big hack takes months to plan and to execute, hackers first need to find a way in, and most of the time they are going to do that with a phishing email or something similar since customer support needs to respond to people, once they get that they look for vulnerabilities and that is something that takes a lot of time, once they know what they want to do they do it and steal the coins.
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August 15, 2018, 03:40:50 AM
 #182

I don't think so. there may be a small number of "bugs" in the exchange systems which allows or make it easy for hackers to hack exchange site. if hackers become smarter, I can imagine there will be many cases of big exchange hacked in every day.
People have the wrong idea that hacking happens in a matter of minutes but a big hack takes months to plan and to execute, hackers first need to find a way in, and most of the time they are going to do that with a phishing email or something similar since customer support needs to respond to people, once they get that they look for vulnerabilities and that is something that takes a lot of time, once they know what they want to do they do it and steal the coins.
I don't have ideas on hacking because I'm not one of them, well, as what you have said above probably right since there are noobs people in clicking phishing sites instead of the real one. Nowadays, these hackers may easily steal our fund from our wallet in just a couple of hours if we are not careful with our private keys. Why we get hacked if we know how to secure our private keys and avoid clicking given links.
Those big exchanges get hacked maybe when it comes there is a bug the hacker take advantage on that time they are always ready to attack and waiting for victims. A system is always hackable there is no guarantee on this to be secured.

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August 15, 2018, 03:46:20 AM
 #183

Hackers are always looking for ways to steal information from the person who is holding the bitcoin and, moreover, the bitcoin will give us a lot of valuable assets, but the bitcoin system is very safe and hackers can not. more intelligent than the exchanges
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August 15, 2018, 04:02:32 AM
 #184

indeed hackers are constantly trying to find weaknesses from exchange sites, as investors we have to be careful, if I make exchanges for the short term so that it is not too long in the exchange site

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August 15, 2018, 04:13:35 AM
 #185

Those evil minds will always find ways just to gain profit from the other. I also believe its also an inside job, due to this exchanges have a tough security. Those who develop their system ( not saying all of them, just stating some possibilities) have this multiple access and can be only penetrated by them. If ever, there are some people who manage to do it outside, well they are really intelligent (in such a bad ways) and smart. Its just really sad, i hope they just use it in more progressive way.

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August 15, 2018, 04:29:59 AM
 #186

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 think exchanges are just third parties that usually has low resources due to competitions in the market, its just that hackers are too smart no to spare exchanges such as binance, we cannot stop them, if they want to hack someone they will hack them eventually even the most secured sites are not safe to these hackers, i think the best thing to do is find some exchanges that not yet eyed by hackers that is why it is important to never put your coins in one place, use multiple exchanges.

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August 16, 2018, 10:57:36 AM
 #187

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.

Those people are not yet contented with what they have. But anyways, they are not becoming smarter, they're becoming evil. I hope that this won't happen to all of us.
All together, let us promote kindness and generosity for these are the good characteristics that the world have been lacking of.

I feel very sad for those people who cannot be contented for what they have, they want to have many more money, an easy money but they did wrong because they hack the money of other people  .

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August 16, 2018, 11:58:18 AM
 #188

With the rampaging nature of this hackers, everyone just has to be extra vigilant. The exchanges also has a lot of work to do in order to protect the investment of their customers.
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August 16, 2018, 12:30:47 PM
 #189

We must be prevent hackers cannot becoming smarter than exchange it can be maked a big image to all the investors and members if it will happened.The organization will not be trusted anymore if the hackers can not stop.
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August 17, 2018, 08:22:25 AM
 #190

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.
We all already knows that nothing online is very safe these days. So since you already know that,  it would be best if you can move your coins from exchanges to your main wallet which is more secured. As for exchanges you should only leave the coins you want to trade with on exchanges while the rest stays in your wallet. Although there are safe wallets out there, I still wouldn’t advise anyone to keep their coins in exchanges.

When hackers are also human being they cannot go smarter than us, lol. I mean safety measurements are being innovated day by day to get rid off those smart hackers but some of us are very lenient in covering all the checks of protecting our assets and accounts that is the reason why sometimes hacker go smarter than us.

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August 17, 2018, 10:56:42 PM
 #191

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 seems to me that almost all exchanges use the same site script. in which the same vulnerabilities. Many programmers do not speak about it and these problems are revealed when hackers or employees under the guise of hackers break into exchanges.

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August 17, 2018, 11:26:22 PM
 #192

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.
Since the hackers won't stop until they steal the last crypto coin, then everyone need to gear up and be smart about protecting their wallets.
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August 17, 2018, 11:49:52 PM
 #193

The hackers are just like spoilers when it comes to cryptocurrency. They are the ones chasing so many people away from investing in cryptocurrency. Some should be done about them.
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August 17, 2018, 11:54:22 PM
 #194

To be honest, I thought that some large crypto exchange market was hacked a few days ago when the altcoins including Ethereum were dropped down to -20%. The hackers are becoming very smart indeed. They can do much things. I'm sure that the trading platforms should invest in their security a lot of money from the budget, because every successful hacking smears their reputation. People won't use an unreliable exchange markets and will go away to a competitors. But, unfortunately, hacking one large exchange markets can significantly affect on the global crypto currency market.

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August 17, 2018, 11:59:02 PM
 #195

Most of us are aware of the system in crypto currency, It is normal for us to encounter some hackers in some exchange, Its a matter of the security protocol of every exchange they mus have some multi layer security to ensure the funds of the users of the said exchange, Must maintain the security to avoid hackers in the program, Hackers do also develop some hacking method to compromise some exchange.
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August 18, 2018, 06:00:20 AM
 #196

I think hackers are really smart and they become smarter every day, they have hit to trust and greed of the user. This phenomenon can be said to be the struggle of the intellect, the more intelligent people will win the war. And I think this war will not end.
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August 18, 2018, 07:14:39 AM
 #197

I would not be surprise anymore reading news and headlines about a cryptomarket being infiltrated and looted by cyber criminals because the fact that trading of cryptos took place there, and is also a place where some crypto traders and investors keep their crypto assets means MONEY for these ruthless cyber criminals. What you expect to happen then if your hands are full of money?

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August 18, 2018, 07:16:50 AM
 #198

Well in my opinion this often happens as hackers are trying their best to hack into accounts to gain more profit. And no matter how advanced systems are their are still flaws that could be encountered and exploited. Even the pentagon was hacked so I am assuming that things like this could just happen. But I don't think they are not so secured.
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August 18, 2018, 07:34:34 AM
 #199

I think hackers are really smart and they become smarter every day, they have hit to trust and greed of the user. This phenomenon can be said to be the struggle of the intellect, the more intelligent people will win the war. And I think this war will not end.

Obviously they're thinking ahead before we can think about it so in return we should be thinking like them too. Digital world is vulnerable to everything and in just one mistake it can ruin everything. So better yet be mindful in everything and don't ever leave coins in exchanges or just leave what you're afford to lose. And even if it's an inside job or not we should be ready to anything that might happen because greediness is just around the corner.

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August 18, 2018, 08:09:12 PM
 #200

Most of us are aware of the system in crypto currency, It is normal for us to encounter some hackers in some exchange, Its a matter of the security protocol of every exchange they mus have some multi layer security to ensure the funds of the users of the said exchange, Must maintain the security to avoid hackers in the program, Hackers do also develop some hacking method to compromise some exchange.
We are standing in a global village in a place of technology, information technology is has always had this challenge of hackers. The reason is that we see smart people operating the services and smart people using these services. There is no chance for anyone to do a little mistake or show any weakness. The hackers are always smart, they believe in spoiling others efforts and making it their success to breach a security system. It’s a fight between the smart and the dump whoever is smarter will achieve his goals. So, be careful. Wink

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