hackers becoming smarter than exchanges?

[pocketfullofpoke]

That may be case of the following fiasco of some crypto exchanges that fall as a victim of cyber criminals. Of course, they must be really good and have the knowledge of cryptographic algorithms to succeed their bad intentions. That's what adds to the riskiness of engaging into crypto today.

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[Harrisonimo]

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 current hacks happening on the exchanges can also best explain for the dips; millions of dollars leaving the cryptocurrency markets in a sudden way. I do hope the overhead bodies that did set up the digital currency/cryptocurrency will help look into this before the hackings/hackers collapse the whole market frame.

[jrrsparkles]

Hackers are doing this as their profession so they need to do with the perfection if they want to make money.

Hackers means smart individuals in my opinion because they were good at finding the loop holes of any security system and will reach through it,so this is happening with the exchanges as well so the exchange also need to keep them updated constantly to defend the hackers.

[a4techer]

Hacker is a hacker not only smarter but they also have strategy who will be hack or who can be hacked they have many strategy because of being greedy in money even its illegal or even it's not right to do but they always thinking their self. Even secured website they can hacked because they are snart and have strategy so everybody make it sure that your coin was in a safe.

[juragane]

I think hackers are just a group of people who work together to attack in one place of exchange and try to focus on penetrating the defenses of the place of exchange and that working with many people is different from the security of the exchange place.

[Hovhannes]

This problem can be solved if exchanges hire good programmers, but this is not guaranteed. This is a common problem, and now there is no solution.

[anushkasachith888]

I feel sometimes, those hackers are really inside job? Because it is a good excuse for them to cheat. If it really happens, how can we stop these frauds?

[IGP50]

Nowadays, the hackers in the system devise numerous ways to get people's accounts hacked. Some undertake the strategy of sending an email to you and by the time you realize filling what entails, they have gotten your database and can access your account easily.

[freshbcash]

I don't really believe that every time the exchange broke hackers. Maybe the owners were just faking the break-ins.

[andrei56]

It is not that hackers are smarter than exchanges, the problem for exchanges is that they are sitting targets, everyone knows they are a target including themselves, but they do not know where the enemy is coming from or from which direction or when it is going to appear, so hackers despite not having the same resources available have a great advantage over exchanges.

[Pendularin]

It is not that hackers are smarter than exchanges, the problem for exchanges is that they are sitting targets, everyone knows they are a target including themselves, but they do not know where the enemy is coming from or from which direction or when it is going to appear, so hackers despite not having the same resources available have a great advantage over exchanges.

The exchanges will scam people if they wanted to do it, unless their site has a definite foundations to prevent any inappropriate activities to happen. If hackers could invade the system security of the site, then the support of the exchanges was broken. They will be more liable to have secured firewall so that probable attackers will be prevented.

[knggtrrz]

It is not that hackers are smarter than exchanges, the problem for exchanges is that they are sitting targets, everyone knows they are a target including themselves, but they do not know where the enemy is coming from or from which direction or when it is going to appear, so hackers despite not having the same resources available have a great advantage over exchanges.

You are right, because of the modern technology and new programmings, hackers can always finds vulnerabilities to attack websites or exchanges, the most important thing exchanges keeps updating their system.

[KalaiBTC]

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.

Whatever we made, there are always some loopholes remaining and these vulnerabilities are delicious to hackers. They sometimes use this little point and check whether our data can be compromised or not and results are mostly in their favor. Experts have devised some best practices that must be followed for a classical safety. Otherwise we would be complaining like everyone else.

[Aivaryamal]

Scammers never dozed off and always find ways to bypass the protection of various exchanges and resources, just need to be even more careful about our data, to come up with complex passwords, and finally soon we will be secure decentralized sites.

[terrific]

Hackers are doing this as their profession so they need to do with the perfection if they want to make money.

Profession of being criminal and robbers, they are smart and yet they work with the laziest idea that they can.

Hackers means smart individuals in my opinion because they were good at finding the loop holes of any security system and will reach through it

Hackers has two sides, the good and the bad ones.
Those good hackers are called white hat hackers and the bad ones are black hat hackers.
And these hackers that rob exchanges are black hat hackers, while the white hat hackers they help a company if they see some loop hole.

[Donationcoin]

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.

This is an obvious in common thing in the role that hackers Are continuously growing in they are knowledge and experience so they are a real threat in our cryptocurrency world because they can shake us.

[Farma]

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.

Whatever we made, there are always some loopholes remaining and these vulnerabilities are delicious to hackers. They sometimes use this little point and check whether our data can be compromised or not and results are mostly in their favor. Experts have devised some best practices that must be followed for a classical safety. Otherwise we would be complaining like everyone else.

I think, there are so many great hackers out there. even some famous exchangers can also be damaged in the defense system. I think they always develop their abilities at any time, which is why they are hard to beat.

[mooen]

Hackers see that the movement of cryptocurrencies is in full swing and at very high prices, why not tear off a piece of cake, if they can.

[boyz97]

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.

Whatever we made, there are always some loopholes remaining and these vulnerabilities are delicious to hackers. They sometimes use this little point and check whether our data can be compromised or not and results are mostly in their favor. Experts have devised some best practices that must be followed for a classical safety. Otherwise we would be complaining like everyone else.

I think, there are so many great hackers out there. even some famous exchangers can also be damaged in the defense system. I think they always develop their abilities at any time, which is why they are hard to beat.

their tools and weapon always developted.and it is very support their various technique to damage crypto exchange security system.hackers are genius people , they now how to solve problem while attacking system

[The_Dark_Knight]

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.