A lot of hacks, whats the solution?

[meanwords]

There's no guaranteed solution because if there's a way to create something, then there's a way to destroy it. Hackers are getting smart each day and that they will find a way to bypass a security. The only thing that a person could do is to stay the funds away from exchanges and just store it in a safe hardware wallet where the only person who could access it is the owner itself. That way, you could prevent any hackers to you and lessen the damage that a hacker could do. I think DEX is a find solution too because the funds are in the hands of the owner, not the exchange itself.

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[jitenrajput]

when everyone starts a new exchange without spending time and money to increase its security first this is what we are left with. a terrible market with lots of shitty altcoin exchanges that get hacked left and right.
otherwise the big exchanges are rarely subjected to this kind of hacks. for example Cinbase. i don't know any cases of any major hacks or anything like it.

the solution is for them to increase their security, use cold storage,...

of course using decentralized exchanges is always favorable for users but it is not as easy unfortunately and they don't offer the same thing.

Exactly my point. People see money in exchange business and start it with a poor foundation. As a result lack of security, performance becomes troublesome for the traders. Developing an exchange surely requires research especially in the security aspect. Implementation of security standards, maximum use of cold storage and other preventive measures such as withdrawal from whitelisted IPs can be considered. Timely evaluation of the exchange, external security audit, cross-checking of wallet balances can also be added.

Decentralized exchanges are yet to pave their way as it is not yet adopted by a majority of the users.

[SUDARMONO]

it is true that hackers will not remain silent to steal it all, and I suggest we should be more careful and make double security or we can use 2FA.

[Thyristor]

I am first affected by hacker in december 2017 it's happening with etherdelta exchange.I lose more than 7,000$ this is my life tragedy i never forget this incident.Basically i suggest don't import your private key in any exchange than you can safe.

[VitKoyn]

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

There is no solution to stop hackers from stealing cryptocurrencies from people and exchanges. The only solution is for all users to be more knowledgeable on how to protect their money and be careful on where to put or store their cryptocurrency investments and it is simple, never use exchanges or any online wallet services as a wallet or storage because they are prone from hacking and inside job to steal money from their customers. The best thing to do is generate your own private key and use paper or hardware wallet.

[jrmaniac]

1. Use a hardware wallet. If you can't afford one, make sure your PC is clean and use an open source desktop wallet (e.g Electrum) that give you control over your private keys.
2. Don't store your funds in exchange for a long period of time. Deposit, trade instantly and withdraw.

I think the best solution is to improve the site's security. For it will also protect the user's account it will also protect the site's sources. "Improve security, less hacks"

[ubercool]

I dont think Decentralized exchange is a solution. Etherdelta was hacked once and lots of private keys were exposed. Hack is a real time issue right now and centralized systems should increase their security.

[Olaiasal11]

Now days  hack is a  normal matter . But you have to be aware of yourself. Your computer's security must be kept safe.

[ankurguta87]

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

Decentralized exchanges provide a more secure and fair way for users to exchange digital assets for a whole host of reasons, and as the general public grows in blockchain savviness, we’re likely to see a move towards holders of digital assets wanting more control and security in their engagement with exchanges.

Among the most pressing issues with an over-reliance on centralized exchanges is security. Every week it seems, there is a new report of a major hack at a centralized exchange, with stolen amounts ranging in the hundreds of millions of dollars.

[tonyvo2017]

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

Hackers are now much smarter and they can get a lot of money out of their investors by hacking into their wallet. Besides, there are some very talented hackers who can knock down the trading floor and rob all the money. So I encourage people not to keep too much money at the exchange.

[xuan87]

The best thing to do is awareness, if we can be careful and always update the antivirus then we can eliminate the hackers opportunity to hack, and there are many ways to keep your coins save, you can use offline wallet or hardware wallet, if you used online wallet then you can used multiple layers of security, and the most important is to aware that exchanges is not the place to store your coins

[escalante28]

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

The sulotion  of this is be careful. Don't visit the unknown site or never enter your private key. Your password, private keys or any account you must store them in a secure storage. Use metamask for decentralized platform. Never trust  a link from your email and always check the url address everytime you enter your private key and password

[Dexion]

this year is the hacking year, and hackers are more dominating to hack the exchange, so, I think do not save assets in wallet exchange is a preventive action to avoid hacking.

the hacking is FUD that dominated today.

[Dmitry.Vastov]

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

As we all are aware with this fact that bitcoin is entirely a decentralised crypto currency and there is no such proper authentic regulating body who could keep eye over all these illegal activities related with bitcoin until county legalise bitcoin in their nation and I think this is the only way that all the illegal activities of bitcoin will be stopped once it will get legalised all over that world, though there will be increment in the bitcoin transactions fee but it will be beneficial for the whole world.

[asus09]

its been half of 2018 and we have seen a lot hacks issue in crypto industry, exchanges, pools, traders everybody is being affected by this hacks.

what is the solution as i see hackers will not leave this chance as this industry is still in development mode( early stage).

is DEX are solutions for traders, let me know !
BTC

most hackers only look for errors from crypto users. which I know usually they use a random system to target. this is caused by the negligence of users who do not put their security first.

[Miklight88]

Hack seems rampant now, which will be a major challenge to the crypto world, this might scared away so many people that are willing to invest,most especially those that want to be trading on regular with centralized exchange but DEX has not really solve the issue of safety when trading on them which is another option, I think regulation is most important now to curb the act of hacking.

[bitfocus]

You can minimize your chances of Getting Hacked by 3 steps

1- Use hardware wallet for your coins
2- keep small amount of your coins at your online wallet
3- use 2FA

[Phil315]

It is really sad and painful that when one is working hard legally to make a living, a criminal is out there trying to take away your sweat and all you have worked or laboured for. My advice to those who can afford it is a hard device wallet.

[Thatsit]

Yes right now, the number of hackers is increasing every day in the crypto world. And many are losing everything by becoming victims of this hack. But I think it is very difficult to deal with, because I myself was a witness, my closest one could not protect his wallet by keeping it Strict security.

[Bitcoininvestment]

The security of your bitcoin or even your cryptocurrency is in your hands. It would be your fault if it gets hacked because you are the one who should be able to take care of it. One way to ensure this is through the use of a hardware wallet that is really safe but is also expensive. Or you could just use some of the well known wallets out there like the blockchain and make sure that all the information regarding that wallet is hidden and can only be accessed by you. You should also check the device that you use because it might have some keyloggers so its better to install an anti malware. Its really up to you on how you will keep yourself safe from the hackers these days.