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Author Topic: cryptocurrency exchange hack  (Read 163 times)
cryptoscion
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July 26, 2018, 05:13:11 PM
 #21

Hackers mostly attack on exchanges because they have many ways to attack but main is DDos attack which hackers do most of time so we need to always be aware about it and use Two 2FA(two factor authentication) on login and withdrawal and store only that coin exchange which u wanna trade and rather use Hardware wallet for store Ur cryptocoins.
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July 28, 2018, 01:11:07 PM
 #22

It is very difficult to hack any exchange provided if there is no support from IT Department or also it means that they have no knowledge about IT.
As you are aware we have seen many contracts , block-chain , coins etc which are totally related to software development and the beginning but most of the them fail to realize that Networking and Security is the primary base for any exchange to give scalability, availability and maintainability.
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July 28, 2018, 01:18:41 PM
 #23

Bitcoin is the most futuristic currency in the virtual currency and will also be the most advanced currency. MY OPINION
Macon Bargeman
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July 28, 2018, 01:24:04 PM
 #24

 The only damage these hacks cause are reputational and of course, material damage in a sense of stolen funds. Cryptography and blockchain are unhackable (at least with the technologies and hacker knowledge of current era).
 That is why we need changes in the cryptocurrency ecosystem. Centralized exchanges need to be dethroned and put down the pecking order in the hierarchy.
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Today at 10:45:18 AM
 #25

This electronic money exchange hack is affecting the current market scenario. Now is the time to control this hacking by bringing security technology to protect all those eager money enthusiasts.
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Today at 11:21:45 AM
 #26

It is time the exchanges took a more serious and professional look at their security. There have been many publicly acknowledged attacks and almost certainly many unreported ones or attempted ones. The exchanges should employ a team of hackers to attempt to find vulnerabilities in their systems and advise them as to solutions-until they do the problem will only get worse. 

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Today at 11:33:33 AM
 #27

Every year there is an average theft of assets in an exchanger. Hackers have started the action in 2016. There are many victims who have lost the coin. I remember the "cryptsy" event, it was terrible.

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Today at 02:26:45 PM
 #28

Although storing your coins in the exchange wallet seems safe, but it is not impossible for some hacking activity.
I remember some exchanges have been hacked few months ago, but they were quickly take any further action to prevent more damage.
If you want to store your coins for long, i suggest not store it in the exchange wallet.

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