hackers becoming smarter than exchanges?

[posi]

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 agree with you saud cause the hacking will did scare away new investors but Binance and Bancor was not the cryptocurrency exchange that was hacked lately because Coinrail and Bithumb were also hacked. However, if the exchange upgrade their system and don't do their firewalls security they will still get hacked just like Binance which was hacked twice.

[1715198061]

1715198061

[1715198061]

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[1715198061]

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[valentinen39]

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 reason why there are very popular market or exchangers today is because of their excellent security system and you should always pick those popular markets before investing in order to avoid those hackers.

[weblouartisan]

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.

In my own opinion, hackers will not be a problem in the future because as the technology grows then the security will also improve in the future and we are going to have safer transactions and wallets.

[Hold good]

The market is always launching news to push the price of the market up or to bring down the market price effectively. So we need to confirm the information correctly.

[money_amount]

The market is always launching news to push the price of the market up or to bring down the market price effectively. So we need to confirm the information correctly.

I agree with what you are saying. The current market is almost controlled by the hackers. But it is almost a trend so I always follow the trend even though I know it is false.

[The_Dark_Knight]

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 as simple hackers have the advantage of time, they can wait for as long as needed until they find a vulnerability, besides most of the time the vulnerability comes from the people and not the system implemented, most of the time hackers need access to a computer on the internal network and they get that access by hacking a person using emails, once they have access they try to get access to what they are looking for which are the funds of the traders on the platform and since the personal of exchanges need to read thousands of emails per day hackers will always get a chance to hack them.

[rejekitiban]

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.

Yes, I think every online can be hacked. So , we must be carreful.

[Tamilson]

Apparently we just new the other side of the story and not the whole story. Whoever knows that this might be an inside job? We trust these exchanges that they have a full security in their system and later we know it's already hacked? Like wtf! And they just said they got compromised. So the bottom line here is don't store your coins that you think you can't afford to lose.

[rosemary4u]

The exchanges needs to do more to protect the hard earned funds of users. The security system needs to be tighten well to prevent any attacks from hackers. Some users prefer to keep their funds at the exchanges for quicker trading at a particular exchange site. Hacking can't be stopped entirely anytime soon but the rate at which they occur should be on the low.

[Veronika94]

The safety system must always be updated, especially in the case of cryptocurrency, as many have begun to invest in this area.

[paparexon0414]

Exchanges are susceptible in all kinds of hacking. Everyday, hackers are making new innovation and created hacking that even the toughest security can be penetrated. Its really alrming that those kind of people are in this kind of wring doings. In the end many people are taking all the negative effects. I am not sure if this hacking is influencing the cryptos downfall. But as this continue, we will never know if investors are going to continue their trust in this exchanges.

[satana_igor666]

Well, it's clear why they chose exchangers.  For them, this is something new, where everyone can show that he is better and earn.

[Girlsbit]

It is necessary to strengthen the safety of bitcoin.

[The_Dark_Knight]

It is necessary to strengthen the safety of bitcoin.

You are wrong, bitcoin is as secure as it can be, what it needs to be strengthen is the security of exchanges, they are managing millions and millions of dollars in coins from all over the world and they still are unable to avoid being hacked, if they were hacked at all, since in the past there have been many suspicions that most hacks were inside jobs or just outright stealing.

[mikyadel]

No system is 100% secure ! .yet, crypto exchanges suffer from lots of hack breaches lately , but most of them are inside jobs as some fellow members have mentioned , rest is only a way to manipulate prices in favor of whales to invest in the market . i think once crypto market gets legalized ,we won't see that many hacks.

[PDNade]

Hackers are not only one... they are also a team, a group just like the owner or build the Bitcoins they are group of people who loves distruction but I idolize some hackers not only in crypto but in some other ways who are good and help the poor... if you search some in the internet there it was... now we have many scammers in crypto and they targeting some exchanges that have a low security that it will be breach easily.

[Dimon8]

Hackers do not become smarter than exchanges. I think that most of the hacking is either fake or internal hacking. Perhaps the "whales" themselves and organize these hacking. From the news about the hacking, they can speculate and earn.

[iv4n]

If exchange has money for investing they will pay good hackers for protection, if they don't pay they will be hacked. It's nothing new in the world, every big company that work's with huge amounts of money pays for protection on more then one place.
When some big exchange gets hacked my first thought is inside job, it must be it. In most cases when exchange gets hacked, or big bank gets robbed it's someone from the inside.

[axemelada]

I think this is due to the fact that not all exchanges are properly concerned about their security. You can force people to two-step authorization, then everything will be calmer.

[Sarastiche]

Security is core in cryptocurrency exchange platform, I always recommend exchange platform to employ hackers in there team before embacking on the establishment of there website, test run and re test run, before launching out, If you security is intact and highly rated, you tends to enjoy more folllowers and user of the site compare to an exchange with low security.