Hacking kills the cryptocurrency market

[boy130]

I agree that hacking is posing a major warning signal to any many corporations which could have been acceptors of crypto. Its a big deterrent.

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[Abeycity9917]

We have seen many high profile cryptocurrency hacks over the past few years. In this guide, we are going to be talking about, in our opinion, the five most important hacks that shook the crypto-world down to its very core. The intention is not to scare you, but to educate you and make you understand why these attacks happened.

[Balinsayaw]

Yes of course. Non in life become better when it hack.  Hacking can be done only if there is a weakness on your project that they can exploit. In the case of crypto wallet, it not yet secured since hackers have their way to exploit the system.

[vv181]

Hacking does not kill the cryptocurrency. Bad code does[1]. Everyone knows exchanges isn't a great place to keep an asset. If we didn't have the private keys, then we don't have the coin. In the end, what really important is we need to have a really good brain. Sometimes the problem is not in the software but the brainware. Not activating the 2-factor authentication, download malicious software from an unknown source, and using the same password for many websites are a few of many examples of human stupidity.


[1]https://www.zdnet.com/article/smart-contracts-leave-millions-of-dollars-in-ethereum-vulnerable/

[Incodium Coin]

We have seen many high profile cryptocurrency hacks over the past few years. In this guide, we are going to be talking about, in our opinion, the five most important hacks that shook the crypto-world down to its very core. The intention is not to scare you, but to educate you and make you understand why these attacks happened.

Definitely. we are knee-deep in crypto, and we can only look for ways to make it flourish. This is the future, we can't scare people away from it.

[hengha]

I often see some news about hackers, but I have not suffered such a loss, because when I don't trade, I will store all the coins in the "cold wallet"!

[angrybirdy]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

I have experienced to be hacked before, and I wont be able to get back my holdings in an exchange. the exchanger has no responsibility for that, its my own fault, it is also not their responsibility to return your stolen coins.

[prosokeslo]

Yes, it does. Many of these hackers do not know what they do do to this market when they caryy out their actions, or maybe they do. They make a lot of persons scared, and feel unsafe, hence, pack their stuff, and leave the market. It is sad the number of people these hackers have frustrated, and have made lose faith in the system.

[xbudahx]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

Do not keep all your coins on one exchange, use hardware wallets and a good antivirus, be careful. I think that hackers are the smallest problem in the cryptocurrency sphere.

[nthere]

Hacking is everywhere in the IT world. Besides those exchanges and their business models are new. So It's a life turn.
So I think scam projects are ruining our ecosystem.

[CrazeCoinz]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

i think hacking is not the main reason why we had this bearish situation or kill the crypto market as being a crypto holders we have the choice to use a good exchange like binance, kucoin as those have a safer exchanges than those decentralize exchanges. The manipulation of price and FUD has did it to fall down the price of crypto market.

[fortunecrypto]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

I agree this is one of the bad sides of decentralization you cannot get your money back once your wallet was hacked, and it will take to long before exchange pay you back or sometimes not all if the exchanges were hacked so far it hasn't happened to me, we really need to secure and think on all our actions.

[Olatunjex]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

Yes, Hacking is sincerely one of the demerit of crypto, it makes people lose trust in the innovation of blockchain, hopefully a lasting solution can be found to tackle this obstacle.

[awazieik]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

Fortunately for me, I have never been hacked before. However, i have seen friends and family who have been hacked off their assets as a result of not paying attention to best security practices. Here are my tips to keep safe

1. Never remember your passwords on your browser. It is best to use third party software that will encrypt your password
2. Never leave your assets in an exchange unless you intend to trade with them. If you want to hold an asset, hardware wallets like Nano and Trezor are your best friends
3. Always use 2 way authentication for your accounts

Now despite all these tips, Hackers are evolving at a rapid rate on all layers of the internet. So i came across cloudbric that has created a decentralized universal security platform where data intelligence is open and updated by users to keep the web safe. I believe that is a unique solution that will prevent hacking. https://www.cloudbric.com/

[knuckey]

Hacking is always the case, hacking is not only in crypto and but in all the world of the internet. Hacking is feared and is always a bad effect on the market. I have never experienced it, hopefully not, I always keep assets in the official wallet of the coin. Exchange is a trading place, therefore I only place some assets that I want to trade and after that pull it back in my personal wallet.

[waser12]

Be very attentive. Beware of fishing links, do not show your private key to anybody, don't use public wi-fi, use 2-f authentication.

[trecore4]

I have never gotten into the hacking situation yet but just read the stories of others and off course the big exchanges which got hacked and eventually lost more than millions of dollars with a blank of an eye!!

I have always kept my wallets and addresses limited and if I am making bigger transaction from any wallet then I will just do it once and then I will change it immediately because it is important to do it so that next time hackers wont get attention to that particular wallet at all.

Off course if this space offers you creation of unlimited wallets and addresses then take the advantages of it and keep changing the address so that no one can trace it.

[chandrarahmadewa]

Hacking is one of the biggest obstacles to the cryptocurrency market.
1- Ever been hacked?
2- Lost your coins in an exchange hacking?
3-Did the exchange pay you back for lost coins?

Please share your story, and give some TIPS on how to avoid being hacked.

I am grateful that I never experienced being hacked by someone and never lost a coin in the exchange place.

my advice, always bookmark sites that we often visit, and take advantage of the 2FA facility if there is an exchange

[DarkDays]

Pretty sure that almost all of the major exchanges have had a hacking incident in the past few years, however only a few of them have recovered well and continue to operate successfully in 2018. I don't think hacking is as much of a concerns as it used to be as many exchanges keep the majority of their funds in offline and multi-sig wallets, but it's definitely a problem that is being worked on, and gradually being stomped out.

[aencarnaci]

Hacking is sincerely one of the demerit of crypto, it makes people lose trust in the innovation of blockchain, hopefully a lasting solution can be found to tackle this obstacle.

I wonder why a lot of people are talking about demerits, as if hacking does not happen anywhere. It only becomes a demerit, if you are the careless type and as far as I am concerned, anyone who ended up hacked before must at some point got careless.

Yes, we have heard about the issues like the MtGox, which was an unfortunate incident, but as far as I am concerned, someone with a qwerty1234 password or someone who is not using the additional features to stay secured like 2FA will always end up being a victim at one point.

I have never been hacked and I do not think I can be hacked as long as I try to keep taking precautionary measures when it comes to doing transactions, keeping my wallets secured and giving any hacker a tough time to ever want to get access to my funds. The reason why a lot of people become victim is because they are ignorant of how they can stay safe or they simply are just careless.