hackers becoming smarter than exchanges?

[Cryptostruck]

Exchanges are in constant battle with hackers good a thing i don't keep my coins on exchanges anymore.

[Janation]

If there is a new market, it is logical the emergence of new scams and thieves. The more money will be pumped into this area, the more it attracts those who do not seek to earn honest work.

Not everytime my friend. We know that some exchange or markets have the same strategies in terms of securing their sites but still hackers can still penetrate their security, that just mean that they are smarter but the are developing their skills.

Hackers are also securities, even though they steal informations, money and investments, they are the reason why most of the sites online are almost imprenatable in terms of hacking. I can say almost, not fully because we know that hackers can still develop their skills, they can still find a way to make an imprenatable site a vulnerable site.

[wahyu wida]

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.

for both exchanges, in my opinion, is the lack of attention and decisive action from the owner of the exchange and if they care and further enhance their security, of course, such things will not happen again.

after that it certainly made attention to the two exchanges. moreover, both are exchanges that are trusted by traders with huge money. and i think security system will be fixed

[Caladonian]

If there is a new market, it is logical the emergence of new scams and thieves. The more money will be pumped into this area, the more it attracts those who do not seek to earn honest work.

Not everytime my friend. We know that some exchange or markets have the same strategies in terms of securing their sites but still hackers can still penetrate their security, that just mean that they are smarter but the are developing their skills.

Hackers are also securities, even though they steal informations, money and investments, they are the reason why most of the sites online are almost imprenatable in terms of hacking. I can say almost, not fully because we know that hackers can still develop their skills, they can still find a way to make an imprenatable site a vulnerable site.

Site owners are always finding secure ways to avoid those hackers, the ecosystem of this industry if you are going to sort it up, you find things that relevant to each other, those well established and well know site are actively updating their security protocols from that hackers also trying to break
it and enhancing their knowledge too, we can't say how secure are we with our investment inside the exchange not even the most secure one as chances
that hackers will be able to break their secure ground from everyday threat.

[kumala_abi]

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.

for both exchanges, in my opinion, is the lack of attention and decisive action from the owner of the exchange and if they care and further enhance their security, of course, such things will not happen again.

after that it certainly made attention to the two exchanges. moreover, both are exchanges that are trusted by traders with huge money. and i think security system will be fixed

especially binance they have good security system.although it had been hacked , binance team directly improved their security system level and make it more secure.

[musharaf]

It is true that hackers are more dangerous in the world and for online money it is very critical and more exchanges have a very high security and instead of that all you can become hacked by hackers now a days it is common that some one stole bitcoin and i think that some time it is rumors that hackers are hacking exchanges and banks etc but i think that the team working for exchanges are more powerful than hackers.

[Violettochka]

I think for every system there is at least one hacker that is able to attack it and make some money. There is no perfect system, we can't blame exchanges for being weak. Crypto is very attractive to hackers.

[tailwate07]

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.

Hackers are smart but cannot be smarter than exchanges but yes if they create their own fake sites/exchanges then they can do anything they want. Although all exchanges which are real exchanges are protected and there are top exchanges so you will not find any hacking activity there.They have made many traps for traders but a real trader will always have the knowledge to understand good and bad things.

[SneakyLady]

The solution does not lie in beefing up exchanges security. It lies in elimintating the need for exchanges, which is still at third-party required for crypt-brokerage, something that actually goes against the original BTC whitepaper, which was to not require a non-controllable third party for transactions. They will be susceptible to attack and customers' loss as long as they exist.

[V1saya]

Did you guys ever think that these exchanges are at war with each other and trying too hack each others networks? In the past few years we saw many exchanges being at the top but only to last for few months and then gets replaced but another.

[Pab]

I remember famous exchanges like Cryptsy Mintpal CryptoRush and many many others
All of them were screaming about hacking
True was that exchanges has stolen people money
So who was smart those who didn't keep funds on exchanges
Crypto was and still is Wilde West Wilde West without good sheriff even

[viananda2525]

Did you guys ever think that these exchanges are at war with each other and trying too hack each others networks? In the past few years we saw many exchanges being at the top but only to last for few months and then gets replaced but another.

i never think about it.and i think impossible for them doing this negative campaign to make other exchanges die.maybe it just your negative thinking and didnt proved yet.

[ningrumxxi]

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.

hacker is the same as other criminals, the aim is to benefit themselves, it can happen anywhere, but we can breathe a little relief because many countries have formed police cyber, who are indeed required to hunt cyber crime or any crime on the internet, we wait just their actions, hopefully this institution can make the hackers think not to commit crimes.

[Genamant]

I totally agree. I myself have doubts on exchanges this days
Maybe hackers are really more advance d now but sometimes you can helped but think that hacking issues on exchanges involves inside job.

[null-zero-sum]

The viability for small and new exchanges are becoming less and less as you can no longer start them up as a one-man operation. The awareness from hackers to exploit every single vulnerability has grown immensely and as an exchange owner you now also must protect yourself against 50% attacks which are almost impossible. The small coins used to be the niche for these small exchanges, but they might now also be their downfall.

[munareal]

Hackers are indeed savvy. Exchanges should be up and doing for they know how insecure the crypto space is. They should not let their guides down and be alert at all times.  Their vulnerability is scaring investors as people will not want to invest in an unsecured environment.

[strunberg]

Did you guys ever think that these exchanges are at war with each other and trying too hack each others networks? In the past few years we saw many exchanges being at the top but only to last for few months and then gets replaced but another.

i never think about it.and i think impossible for them doing this negative campaign to make other exchanges die.maybe it just your negative thinking and didnt proved yet.

but this condition could  happen too.although actually this is cruel scenario.if hackers caught by police all of these events can be revealed. whether they act alone or someone told them to.

[riso2015]

Did you guys ever think that these exchanges are at war with each other and trying too hack each others networks? In the past few years we saw many exchanges being at the top but only to last for few months and then gets replaced but another.

i never think about it.and i think impossible for them doing this negative campaign to make other exchanges die.maybe it just your negative thinking and didnt proved yet.

but this condition could  happen too.although actually this is cruel scenario.if hackers caught by police all of these events can be revealed. whether they act alone or someone told them to.

I don't think like that, the incident that occur in an Exchanger I think because of their own fault. When an Exchanger has been hacked, developers always gave the reason is because it got hacked, but maybe its just the manner of their own, those who bring money traders blur there, not a hacker. Sometimes an Exchange just a scammer.

[virasog]

Did you guys ever think that these exchanges are at war with each other and trying too hack each others networks? In the past few years we saw many exchanges being at the top but only to last for few months and then gets replaced but another.

i never think about it.and i think impossible for them doing this negative campaign to make other exchanges die.maybe it just your negative thinking and didnt proved yet.

but this condition could  happen too.although actually this is cruel scenario.if hackers caught by police all of these events can be revealed. whether they act alone or someone told them to.

Unfortunately it is difficult to detect and arrest hackers as everything is anonymous on internet. Using Firewalls and crypto  currencies, it is almost becoming impossible for the agencies to catch the corrupt thieves. Maybe we need to increase the technology in order to overcome this drawback of digital currency.

[dat.ho12492]

Did you guys ever think that these exchanges are at war with each other and trying too hack each others networks? In the past few years we saw many exchanges being at the top but only to last for few months and then gets replaced but another.

i never think about it.and i think impossible for them doing this negative campaign to make other exchanges die.maybe it just your negative thinking and didnt proved yet.

but this condition could  happen too.although actually this is cruel scenario.if hackers caught by police all of these events can be revealed. whether they act alone or someone told them to.

I don't think like that, the incident that occur in an Exchanger I think because of their own fault. When an Exchanger has been hacked, developers always gave the reason is because it got hacked, but maybe its just the manner of their own, those who bring money traders blur there, not a hacker. Sometimes an Exchange just a scammer.

For bad and small exchanges, when they announce they are attacked by hackers, it is often a trap of exchange to steal money from traders and investors, they are really scammers as you say but with big and reputable exchanges, they never create such false news. Because that will reduce their credibility in the field of exchange, they will even lose a large number of customers, their news is always the truth, and the intelligence of the hackers is something that we can not deny, they are always smarter and go ahead one step in computer skills and security