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Author Topic: hackers becoming smarter than exchanges?  (Read 2919 times)
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August 18, 2018, 09:28:36 PM
 #201

Because it is very poor protection, you need to hire more experienced programmers who will clean up all the weaknesses in the system.
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August 18, 2018, 09:50:08 PM
 #202

Because of these security issues these exchanges been experiencing, some people are having doubts on whether cryptocurrencies will eventually emerge as world currency. Those hackers are really up to date. Exchanges should really work double time to resolve these issues at hand.

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August 18, 2018, 09:54:48 PM
 #203

The fear of hackers is a major factor,militating against the growth of cryptocurrency platform as lots of investors in the community are scared  of loosing there investment to robbers that cannot be trace, more reason why am an advocate for government regulations in the crpto space, which migth help to trace individual invlve in any form of transaction.

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August 18, 2018, 10:02:22 PM
 #204

Think about it. Billions ot dollars in crypto market. Who would not attack that if you know how to.
I think this is key. Perhaps some of the exchanges have underestimated potential security risks. Whatever they do though, there will always be some vulnerabilities. It's just natural that hackers will constantly be attacking these systems. It's an endless battle between hackers and security experts from the exchanges. Each side is constantly trying to make sure their one step ahead in the game. There's a lot of potential money at stake.
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August 18, 2018, 10:04:50 PM
 #205

I think no, why? Because of the hackers are the core members of the team. There are many sabotage happens in an exchange and it is the reason why exchanges are intercepted easily. Hackers cannot touch the security of exchange because they have the strongest and experienced team.

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August 18, 2018, 10:29:04 PM
 #206

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 don think those exchanges you mentioned did not do any measures to secure their site is safe. Of course they are but in making such securities, it would take time to realize it or else the hackers will have them again and again.

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August 18, 2018, 11:36:22 PM
 #207

They are particularly of doing their best and create ways to crackdown private keys and password.  Our best thing to do is not to stay alone in just a single addy especially for online base wallets so they can't trace it easily. And if they might catch it, there Is still left on us.

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August 19, 2018, 12:24:49 AM
 #208

They are particularly of doing their best and create ways to crackdown private keys and password.  Our best thing to do is not to stay alone in just a single addy especially for online base wallets so they can't trace it easily. And if they might catch it, there Is still left on us.
To avoid from hackers from hacking our account in exchanges and stealing our cryptocurrencies, it is best for us to don't put a lot of money or all of the cryptocurrencies that we have, it is better to just put the capital and not the other balances in order to stay safe and to avoid losing all of the things that we have.

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August 19, 2018, 12:40:20 AM
 #209

These hacks mostly come from insiders.  No one is hacking the actual algorithms.  It's much like the people here claiming to get hacked when they click on a bad email link.  It's not a real/legit hack. 

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August 19, 2018, 01:41:53 AM
 #210

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.
Agree but the exchange is not just walking in a place of course prorammer and their team will always do an update to counteract the
hackers who will come, but still you have to be careful don't be careless. Digital world is very vulnrable to hack, so be careful..

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August 19, 2018, 02:00:47 AM
 #211

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.

The challenge between hackers and developers has been the history of IT and of crypto and for sure it will never stop. Occasionally some smarter hacker appears - that's inevitable, that's nature. Get used to that.

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August 19, 2018, 02:16:26 AM
 #212

They are particularly of doing their best and create ways to crackdown private keys and password.  Our best thing to do is not to stay alone in just a single addy especially for online base wallets so they can't trace it easily. And if they might catch it, there Is still left on us.
To avoid from hackers from hacking our account in exchanges and stealing our cryptocurrencies, it is best for us to don't put a lot of money or all of the cryptocurrencies that we have, it is better to just put the capital and not the other balances in order to stay safe and to avoid losing all of the things that we have.
i think put it into several place can be best option for us.while one account hacked , another account are safe.maybe safe it on offline wallet can be choice for us.

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August 19, 2018, 02:19:15 AM
 #213

I think no, why? Because of the hackers are the core members of the team. There are many sabotage happens in an exchange and it is the reason why exchanges are intercepted easily. Hackers cannot touch the security of exchange because they have the strongest and experienced team.

Not all of them actually. There are a lot of exchanges being hacked even though they have a great team of security, that is just a proof that hackers are finding new ways to hack an exchange.

That is the reason why not all systems are safe, there will always be a flaw, a vulnerable place to attack a system. They may be hacked but if we will be talking about experienced security, I guess it will just last a couple of hours or minutes and it will be back to fine.

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August 19, 2018, 02:33:38 AM
 #214

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.

The challenge between hackers and developers has been the history of IT and of crypto and for sure it will never stop. Occasionally some smarter hacker appears - that's inevitable, that's nature. Get used to that.
I agree with that, this job from both ends has been there eversince, hackers will keep trying to break the defense where developers will keep improving the system, but there's a time where hackers find some ways to penetrate and surpass the exchange security system, hackers won't stop as it's been deliberately done as a job by some computer expert.

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August 19, 2018, 02:34:15 AM
 #215

I think no, why? Because of the hackers are the core members of the team. There are many sabotage happens in an exchange and it is the reason why exchanges are intercepted easily. Hackers cannot touch the security of exchange because they have the strongest and experienced team.

Not all of them actually. There are a lot of exchanges being hacked even though they have a great team of security, that is just a proof that hackers are finding new ways to hack an exchange.

That is the reason why not all systems are safe, there will always be a flaw, a vulnerable place to attack a system. They may be hacked but if we will be talking about experienced security, I guess it will just last a couple of hours or minutes and it will be back to fine.

I think you didnt get his point.

Because of the hackers are the core members of the team

He mean that hackers maybe a member of the team. This is really possible, since the system cannot easily be compromised because all of the data are properly stored and its almost impossible for the outside people to touch and manipulate it, not unless if someone from the inside do it.
In general, storing something over the internet isnt safe.
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August 19, 2018, 03:42:26 AM
 #216

Yes, you are right for now, it seems hackers can be smarter and they always keep a big secret that can make them successful when they break into the place of exchange, it is really horrible and a very serious threat.

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August 19, 2018, 04:02:45 AM
 #217

Yes, you are right for now, it seems hackers can be smarter and they always keep a big secret that can make them successful when they break into the place of exchange, it is really horrible and a very serious threat.
hacker's knowledged growth fastly.and they able to developt new methode to attack exchanges and wallet.so today it become risky again to save our cryptocurrency asset.

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August 19, 2018, 05:27:13 AM
 #218

Yes, you are right for now, it seems hackers can be smarter and they always keep a big secret that can make them successful when they break into the place of exchange, it is really horrible and a very serious threat.
hacker's knowledged growth fastly.and they able to developt new methode to attack exchanges and wallet.so today it become risky again to save our cryptocurrency asset.
you're right, they always learn new things at all times. even their team might have extraordinary intelligence. because even, as strong as exchanger / bank defense, they are broken into. well, they are very good at this.



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August 19, 2018, 07:14:09 AM
 #219

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.
but it is very difficult to stop these hackers or scamer, there is no such application to deal with such criminals. if there is a possibility it will at least reduce crime so investors will be safe.
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August 19, 2018, 07:17:33 AM
 #220

You should focus on holding them for a long time, but do not worry too much about the market, do not worry too much when many people are trying to cheat on you, be confident and not believe in the that hacker

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