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Author Topic: Hacking kills the cryptocurrency market  (Read 4215 times)
DonnieMitchel
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September 27, 2018, 07:26:51 PM
 #121

i have never been hacked. *touchwood
i am very careful with the token storing part.
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September 27, 2018, 07:41:02 PM
 #122

Fortunately i haven't been hacked yet or had my funds stolen from an exchange that has been hacked. However, i have been scammed by participating in fraudulent bounties where they project team walks away. Now i am more careful about which project i should support

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September 27, 2018, 07:41:38 PM
 #123

I'm lucky I've never been deceived in the last year. Thanks to the attention and discretion, I have many times noticed the machinations of scammers.  The most important thing you need to carefully read what you click. And I please ask you less likely to open their wallets. Be careful .
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September 27, 2018, 09:07:54 PM
 #124

Don't use centralized exchanges if you don't want them to get hacked and lose your coins. If you must use them maybe use the established ones and those that will refund you if they get hacked.

Learn to use DEX.
Have you ever heard people losing coins on decentralized exchanges?  I think there are few stories on it but still, not sure how credible the stories are or maybe they aren't true Decentralized Exchange. True DEX does not supposed to hold funds for users, I guess.



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September 27, 2018, 09:30:30 PM
 #125

I Agree with you that Hacking is the big obstacles for the cryptocurrency. For several hacking crypto markets can't start the bull market. 2 Days ago, ETH went to the 242 USD, But after Japanese exchange hacked and 59 Million USD stolen. After then crypto market dumped again and ETH went to 212 USD again. I have faced one exchange hacking incident and that was bancor, Bancor exchange was hacked and stolen 23 Million USD  a few months ago, but my funds were safe and everyone's funds were safe there.

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September 27, 2018, 09:59:21 PM
 #126

I did not come across scammers, but my friends lost a lot of money because of them, you need to be very careful and cautious in the world of cryptocurrency
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October 01, 2018, 06:10:56 PM
 #127

People getting hacked and losing their coins is honestly one of the major problems that we face as a community when it comes to cryptos. Which is why it is important for us to always make sure that our coins are very well secured when we are holding them. Always use all available security measures that are put in place to make sure that your wallet is safe
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October 01, 2018, 06:28:06 PM
 #128

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.


one of my firends hitbtc account was hacked and hacker stole the 900$ by the trading. he dumped his coins to my firend and then purchased back the coins in cheap the specific coin. he use the bots to steal the money rather than tranfering the btc to an address.  CEX are more exposed to the hacker than the DEX. in the near future DEX will be more commonly used exchanges than the CEX

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October 01, 2018, 06:28:24 PM
 #129

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 never been hacked and I think that the main reason why that has never happened to me is because as soon as I knew that I will use cryptocurrencies I installed Linux as my operative system and I have stopped using Windows since then, you cannot store your coins in an operative system that has so many backdoors because sooner or later you're going to lose your money and that is something I do not want to go through.
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October 01, 2018, 08:01:30 PM
 #130

You can see when the shock of the hack was hacked tens to hundreds of millions of dollars, but the value of Bitcoin and the altcoin is not much affected, I do not think the current hacker can influence to the market
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October 01, 2018, 09:09:10 PM
 #131

I were holding funds on several exchanges which were hacked. Fortunately, my funds were not affected with the hack. I hold on exchanges only the coins for trading and the rest I am storing on  a hard wallet. Lesson learned.

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October 08, 2018, 06:51:31 AM
 #132

I were holding funds on several exchanges which were hacked. Fortunately, my funds were not affected with the hack. I hold on exchanges only the coins for trading and the rest I am storing on  a hard wallet. Lesson learned.

You were quite fortunate. Not many people are, many people lost thousand worth in coins.

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October 08, 2018, 07:26:54 AM
 #133

hacker does indeed start smart enough to get into a wallet and paved lots of coins. I don't want that to happen to me and certainly be vigilant in this respect is the most important thing. any exchanges will not be concerned with the loss happened because it's not their responsibility fully.
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October 08, 2018, 07:42:05 AM
 #134

hacker does indeed start smart enough to get into a wallet and paved lots of coins. I don't want that to happen to me and certainly be vigilant in this respect is the most important thing. any exchanges will not be concerned with the loss happened because it's not their responsibility fully.

Definitely, l have not heard stories or reports of people who actually got paid by exchanges when they lost their coins after exchanges were hacked. l hope to read some stories about that

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INCO EVENT ON 7TH NOV. 2018 in Seoul, South Korea.
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October 08, 2018, 08:06:30 AM
 #135

I support this idea so much. It is a really important problem which could have serious effects in the future and these effects won't be positive absolutely.

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October 08, 2018, 08:18:42 AM
 #136

hacking will not kill the crypto market that has so many users in it.
I personally have never experienced anything like that, I hope that I have never experienced it, always be careful when accessing an invalid internet.

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October 08, 2018, 10:30:41 AM
 #137

Once I lost money because of my own stupidity. I visited the Etherdelta website, but my antivirus denied access to it and then I added it to the list of exceptions, and I regretted about it later. In the end, I got on a phishing site and lost all my money.
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October 08, 2018, 01:33:55 PM
 #138

It does damage on the market because people panic when someone like hacks into their accounts which of course if a beginner heard that news his mindset will be to sell it because that's what most of the people is doing but having like a ledger which makes your coins much more safe is crucial when holding thousands worth of coins.

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October 09, 2018, 06:17:44 AM
 #139

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.



there will always be a big effect if there is hacking on exchange, but it is different from individual action. it will not make the cryptocurrency market turbulent. however, most cases of hacking occur due to the user's negligence
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October 09, 2018, 06:21:35 AM
 #140

You are totally right. Luckily I wasn't hacked, but such actions are killing the whole industry. When investors and newbies hear about another hacker attack, they are losing their interest to join the crypto market. We need more safety.
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