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Author Topic: hackers becoming smarter than exchanges?  (Read 1942 times)
Ochusol
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September 02, 2018, 10:59:10 AM
 #261

The hackers seems to have developed more sophisticated means of carrying out their heinous acts. They kept on trying to break the security protection of the registered accounts. Just be careful with your account that's all.
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September 02, 2018, 11:03:30 AM
 #262

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.

Of course hacker can become more smart, they are human too who can increase their knowledge. But I think, most case is because human error. I think that exchange should maintenance their security system in week if they want their money secured.
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September 02, 2018, 11:27:00 AM
 #263

Yes many of hackers now are improving such as a system improve their knowledge to all exchanges are improve also I think those exchanges have a more and more security because a lot of investors now are coming don't allow those scammer take our part and scam us. we can also fight them back to hunting them here and everywhere if possible.

If you are old in the field on information technology, you will know that hackers always come up with more dangerous virus even though many anti-virus softwares are in place. Same is happening with digital currency exchanges whereby they implement 2fa and other security measures, but unfortunately hacker always have a one step ahead plan of hacking the wallets and the exchanges.

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September 02, 2018, 11:35:19 AM
 #264

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.

You got a point there. Maybe not all but some are like this, havking is most likely done by there own developers who know the system of their sites.

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September 02, 2018, 11:43:22 AM
 #265

One motivation behind why the market is on a downtrend right now. The security of trades is wretchedly low that they can't shield it from programmers and gatecrashers. The innovation they are utilizing for security isn't anchored and sufficiently solid to oppose hacking. Dark cap programmers are extremely keen which is the reason the white cap programmers must know how the dark ones think. They must secure the trade in light of the fact that hacking will make the trade less solid and will influence the entire crypto showcase. Much the same as what you stated, financial specialists are getting frightened at this point.
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September 02, 2018, 12:38:13 PM
 #266

Yes many of hackers now are improving such as a system improve their knowledge to all exchanges are improve also I think those exchanges have a more and more security because a lot of investors now are coming don't allow those scammer take our part and scam us. we can also fight them back to hunting them here and everywhere if possible.

If you are old in the field on information technology, you will know that hackers always come up with more dangerous virus even though many anti-virus softwares are in place. Same is happening with digital currency exchanges whereby they implement 2fa and other security measures, but unfortunately hacker always have a one step ahead plan of hacking the wallets and the exchanges.
Indeed, hackers have always been smarter and have created more dangerous, sophisticated viruses to steal money from others, the exchange is almost defeated by hackers in a very frequent manner, although this is a wrongful act but I think this is also a necessity for exchange. This attack makes the exchange more careful and secure, limiting the loss of money in the client's account
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September 02, 2018, 12:47:27 PM
 #267

I think hackers are not fools either, they are even smarter than us, they are always looking for weaknesses, whatever their gaps will come in, it's true that they don't get a gap then the propagation by spreading bad news in the forum they will do, with the hopes of investors panic, improvement of system security may need to be done for guard against hackers
 
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September 02, 2018, 01:16:01 PM
 #268

of course it is one very bad way, they hackers take something that is not his and of course it is very detrimental, therefore the exchange must have a better system than hackers and may not keep your assets in exchange because there are many risks there

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September 02, 2018, 01:23:35 PM
 #269

There is one golden rule. Do not keep all your eggs in one basket. Keep your money on different exchanges on different wallet and do not go through various suspicious sites! And you will be happy!

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September 02, 2018, 02:15:08 PM
 #270

Hackers are really smart, to be able to adapt and improve further to penetrate and
infiltrate high tech systems and networks is quite something else. Security is always
an issue in the web, I think as people engage more with online banking and crypto
investments there's always a lingering and growing risk of hacks as well as loses.
We should all be extra careful and vigilant in protecting our accounts, data, interest
and investments.
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September 02, 2018, 03:40:51 PM
 #271

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.
Nowadays, it is very dangerous to visit in different websites because you cannot say if the website that you are visiting an untrusted wevsites that they could hack and steal all of your money. Many hackers are really smart and they can create their own way jsut to hack you.

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September 02, 2018, 03:54:38 PM
 #272

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.

Indeed! As our technology and security was innovating those hackers will always find a way to sustain their selfishness. What we can do is to carefully choose among these exchangers.
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September 02, 2018, 04:22:51 PM
 #273

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 yes becsuse there are some instances where hackers hack different exchanges which make things complicated and hard for traders and investors to get rid of. I think it is just wiser if we'll do some steps to know if an exchangebis still safe for trading just to get rid of uncertain situations.

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September 02, 2018, 04:28:02 PM
 #274

I think a hacker is a person who has extraordinary expertise, they are trying to find just a little gap in order to enter a door. So if the hacker is currently on the exchange. So now there must be more security for that so hackers cannot enter. Because of course this can scare everyone, especially those who have lots of coins on exchange. So there needs to be additional security from exchanges so that hackers cannot enter.

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September 02, 2018, 04:32:15 PM
 #275

Unfortunately, this happens often. Hackers constantly improve their skills and therefore find new holes in the protection of exchanges, but also people who work on protection also improve their skills. But we see too often how hackers break exchanges, so no one is protected from this.

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September 02, 2018, 04:45:52 PM
 #276

I think a hacker is a person who has extraordinary expertise, they are trying to find just a little gap in order to enter a door. So if the hacker is currently on the exchange. So now there must be more security for that so hackers cannot enter. Because of course this can scare everyone, especially those who have lots of coins on exchange. So there needs to be additional security from exchanges so that hackers cannot enter.
Hackers didn't want a proper way or steps to earn they want some smart move to overtake all which is a greedy state that all we can do is not to get victimized on it.


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September 02, 2018, 05:19:38 PM
 #277

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.

Totally agree with you. Hackers are evolving quite quickly and such a shaft of attacks on the crypto industry and multimillion thefts were quite expected. From the creation of viruses and malicious programs, many are turning to real criminal activity - for example, using funds to illegally obtain information for their own illegal designs.

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September 02, 2018, 05:51:05 PM
 #278

Hackers will do various ways to steal. So I think exchanges need strong security to avoid hackers. Hackers are currently so troubled by cryptocurrency users. So security is very important so that people believe in the exchange.

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September 03, 2018, 03:57:53 AM
 #279

Because there is a lot of money and they are more available to scammers than other forms of earnings. It scares off big investors.
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September 03, 2018, 04:30:22 AM
 #280

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't want to jump into conclusions but what if the hacker is also the exchange?lets be realistic sometimes because we know how secured and un hackable the exchangers has been designed so i find no suitable reason why many of them are involving into hacking without good explanation

Thats why i am not confident about leaving my funds overnight in single exchange i make sure that after doing some transaction ,i take out my coins/tokens and bring back to my designated wallets for safety’s


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