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Author Topic: hackers becoming smarter than exchanges?  (Read 4345 times)
Ganbound
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October 13, 2018, 11:13:15 AM
 #381

Sometimes hackers make me feel that there are people been sponsored to erase trust in the system. Knowing fully that hacking is a criminal offence that is punishable

It is true, there are a lot of people that is paid or maybe voluntarily making themselves not trusting or doubting the system in order for other people to realize that there are no perfect systems.

But for me, these hackers are great people or maybe you can call them geniuses are the reason why securities are continuously being developed by a lot of developers and companies not because these hackers are hacking them but because with these hackers in their side, they can tell what part of the securities should be developed and be upgraded.
The question is this why these hackers cannot be controlled? If this situation continues in the future, people will never invest in cryptocurrency. Nobody want to lose his hard earn money so easily. This is also not good for the future of cryptocurrency. When there is no investment, crypto will automatically disappear from the market. So it is necessary to stop these hackers to secure investors.
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October 14, 2018, 02:55:34 AM
 #382

you know, cheater is always get key to solve the problem. yes, the problem to hack something. exchanger will always update their security, but hacker always try to hack it. and sometimes it works. many exchanger hakced by them. so, better system will always hacked by the best
Well, I think they're great. they have very dangerous skills. when they are used for good things, I think that would be a good thing. yeah, but they have their own way. for now so many hackers are trying to break into a large exchanger. Well, and I think, some exchangers have lost this.

Hackers always improve their skill and thats why we should carefull with our wallet. Many expert suggest that we should not keep our coin in exchanger because exchanger is good target to steal coin

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October 14, 2018, 07:25:08 PM
 #383

With the growing popularity of cryptocurrencies, more and more scammers and hackers are beginning to conduct their activities. The first break-ins were made due to the fact that exchanges and wallets were not ready for such attacks. Now security has come to the fore.

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October 14, 2018, 08:07:14 PM
 #384

Absolutely not, it is impossible - at least for now - to hack the exchanges.
Instead, there are many stupas among exchange users who do not take a minimum of precautions and then find the account emptied ...

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October 14, 2018, 08:24:26 PM
 #385

Those hackers are smart people, but they use their intelligence on the wrong path. Because hacking in the exchange is often the case, we must therefore keep the email that we use to register exchanges. because this is the first way they can enter our account.

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October 14, 2018, 08:30:27 PM
 #386

Exchanges and ICO developers need to guard against hackers move and strategies and regularly update there site against intruders, I hope with a form of policy and regulation in the space, it will be easy to track hackers and scammers in the space as Identity will be use to access wallet.
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October 14, 2018, 08:56:20 PM
 #387

Exchanges and ICO developers need to guard against hackers move and strategies and regularly update there site against intruders, I hope with a form of policy and regulation in the space, it will be easy to track hackers and scammers in the space as Identity will be use to access wallet.

The problem is that there are a lot of hackers so its going to be hard just to trace at least one hacker because they are really smart and they can hide the coins in an exchange or can even used mixing services to put a stop on their tracks. So its hard for authorities to make a follow up.

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Globalbitcoinl
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October 14, 2018, 09:48:22 PM
 #388

each time as soon as the method of protection is invented, then immediately comes up with a way to break. because it is based on hacking not the technology itself, but the human fact
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October 15, 2018, 12:54:42 AM
 #389

Exchanges and ICO developers need to guard against hackers move and strategies and regularly update there site against intruders, I hope with a form of policy and regulation in the space, it will be easy to track hackers and scammers in the space as Identity will be use to access wallet.

Hackers always find a way to break exchange security. Its hard to track cryptocurrency and thats why hackers prefer stealing cryptocurrency because its can not identified who is owner. Technology always improve including exchange security, and i think we should choose trusted exchanger

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October 15, 2018, 01:07:26 AM
 #390

Hackers are always improving on how to attack the exchanges due to the large amount of cryptocurrencies that are traded on the exchanges. This is the very reason why, coins must not be stored on exchanges permanently. Withdraw them once trading is complete.

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October 15, 2018, 06:12:28 AM
 #391

Hacking is real, leading to direct losses in tokens and indirect losses in terms of confidence in the market and dips in the overall value of crypto. Hackers have succeeded in staying one step ahead for a while, but exchanges and other interested parties are working hard to change this. Why not get some kind of insurance, sign up for a compensation program that will shield you from any losses in case an exchange is hacked? This is the idea behind the Incodium Project. check it out at www.incodium.io

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October 16, 2018, 01:43:52 PM
 #392

With the growing popularity of cryptocurrencies, more and more scammers and hackers are beginning to conduct their activities. The first break-ins were made due to the fact that exchanges and wallets were not ready for such attacks. Now security has come to the fore.
Hackers become common enemies, because their work breaks into people's accounts to steal data or change data, even taking and moving assets in other people's accounts for personal gain. Hackers are always smarter than account owners, because the goal is to learn and deepen computer science to break into accounts. Especially with the internet uniting the world in one container, making them increasingly take everything, including bitcoin on their wallets.
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October 16, 2018, 01:55:28 PM
 #393

Exchanges and ICO developers need to guard against hackers move and strategies and regularly update there site against intruders, I hope with a form of policy and regulation in the space, it will be easy to track hackers and scammers in the space as Identity will be use to access wallet.

Hackers always find a way to break exchange security. Its hard to track cryptocurrency and thats why hackers prefer stealing cryptocurrency because its can not identified who is owner. Technology always improve including exchange security, and i think we should choose trusted exchanger
technology improvement help hackers to developt new technique to break wallet security.they have new software that could help them to support their skills.

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October 16, 2018, 02:55:47 PM
 #394

Not smarter, hackers who scamming other is like rat in your kitchen. He just make small damage in your house.
The problem is when an exchanger becomes a scammer.
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October 16, 2018, 03:44:59 PM
 #395

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 the main reason why exchanges are being hacked is because they don't want to spend enough resources on protection from hackers. The expenses for cyber security are extremely high and may reach up to 15% of the whole money turnover of an exchange.

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October 17, 2018, 10:16:51 PM
 #396

Hackers are not at all clever than exchanges, but they are certainly smarter than most crypto owners.
So, if you do not take a minimum of precautions, then do not complain if you find yourself with your account empty ...

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October 19, 2018, 10:59:43 AM
 #397

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.
With things that has happened to most exchangers despite their claimed level of security, some people are forced to believe that no exchanger is safe again and that any exchange can get hacked by hackers whenever they want.

As for me, I don’t think that is true, cause if it was possible to hack exchanges so easily they would have been doing that like everyday. Take for example, Coinbase has leveled up their security and I don’t think they will ever face problems with hackers, although I do know some hackers are devils.
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October 19, 2018, 05:20:30 PM
 #398

Your wallet can be hacked at any time. Hackers are smart and I think you should stay away from unreliable links, emails and even websites that you do not trust and choose for your computer a reliable operating system. Be more careful in today's technology, nothing is impossible

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October 19, 2018, 06:52:20 PM
 #399

Sometimes yes, and it results in massive scandals, like with japanese exchanges last year, millions of $ easily stolen... But still I think that exchanges can protect them really well.

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October 19, 2018, 07:10:56 PM
 #400

This is because the website owner doesn't give a damn of its users all they care about is to make money and hire cheap web developers to protect their website from hackers. Well, i know that there are no 100% safe systems and 100% unhackable machine but most of the hacks that has occurred is due to weak layer of security.

 
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