Hackers on the rampage again, 59M $ Stolen

[Dexion]

hacking always be a major problem in decreasing bitcoin and market conditions are getting worse.

this year many exchanges hacked by hacker, market manipulation, and fake trading volume values dominate exchanges that have bad services.

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[fortunecrypto]

This is really not good for the community and the whole community and could drop the price of the coins once again, I don't know if there is an inside job here but the exchange security is still a big concern, this is one of the reason why you should not leave a big portion of your coins to any exchange, the risk is to high like what happen here.

[Thecryptocurrency09]

Japanese Exchange Zaif was reported to have suffered some security breach that resulted in about 59.7 M$ being stolen from the exchange. the hackers carted away with Bitcoin (5966), bitcoin cash and some Monacoin. It is not clear yet when or if customers will be fully reimbursed for the losses.
Zaif is operated by Tech Bureau Inc.under a regulated environment by Financial Service Agency- Japans foremost regulatory agency.
It is not likely that the market will react much to the hack ( or maybe it has already as we saw bitcoin slide to 6100 range and back up to 6400$ within an hour or this was caused by the CBOE future closure).
This brings to bear once again the need to never leave some substantial amount of exchanges.

https://cointelegraph.com/news/japanese-cryptocurrency-exchange-hacked-59-million-in-losses-reported
https://jp.reuters.com/article/zaif-tech-bureau-inspection-idJPKCN1M001Y

Wea are all aware how hackers became unstoppable these days. As the security for bitcoin is being in a mill of strengthening,  same goes by the people who keep on looking forward in stealling bitcoin. These people make other people risk takers.

[Indrawan77]

Yeah this is bad, at this critical times where btc is trap in bear market then comes this bad news, it certainly going to make the price become worse, and at this state we actually need fresh funds but this news will make the negative impression for the investors, something need to be done to fix the exchanges security, there has been too many successful hacking from exchanges

[ansarose1]

Hackers now are trying to rule the forum as if they can manage to hack all accounts that has full of credits in there. We should be aware everytime, maybe somebody who is knowledgeable makes a forum thread on how to deal with hackers, how to be aware, or how to avoid them. That idea seems to help so many people here.

[setialovers]

On these days, hackers want to stole our crypto in exchanger. Its much safe if we store our coin or token in our own wallet. But i am believe exchanger will increase their security.

[Olayinka225]

I think the anonymity of bitcoin is prome to hackers.
And mostly,  I will employ all exchangers security tech to please tightening up there security. This hacking is happening on the detriment of the users and not on the detriment of the exchangers CEO

[OddEvenBets.com]

Japanese Exchange Zaif was reported to have suffered some security breach that resulted in about 59.7 M$ being stolen from the exchange. the hackers carted away with Bitcoin (5966), bitcoin cash and some Monacoin. It is not clear yet when or if customers will be fully reimbursed for the losses.
Zaif is operated by Tech Bureau Inc.under a regulated environment by Financial Service Agency- Japans foremost regulatory agency.
It is not likely that the market will react much to the hack ( or maybe it has already as we saw bitcoin slide to 6100 range and back up to 6400$ within an hour or this was caused by the CBOE future closure).
This brings to bear once again the need to never leave some substantial amount of exchanges.

https://cointelegraph.com/news/japanese-cryptocurrency-exchange-hacked-59-million-in-losses-reported
https://jp.reuters.com/article/zaif-tech-bureau-inspection-idJPKCN1M001Y

OMG! How is it possible?
In any case 59.7M $ is very huge amount.
I think they will compensate losses to customers.

[iram3130]

Hackers are one of the most negative influences to stop the growing of Bitcoin as a global currency. I dont know why they think that they can run away with something like that when we can clearly know where they are transferring the tokens and other details.

[enjotan]

this is very bad news for the crypto world, I think the exchange must take immediate action and steps for the security of its users, because a case like this has happened several times, hopefully this will be the last and not happen again in the future.

[qiman]

The problem with all these hacks is that it puts people off, especially traditional investors and newbies into investing in the crypto markets. New people whenever they hear of hacks get very scared and this needs to be resolved and exchanges must be held accountable for what is going on in their back yards. I also believe that many of these exchange hacks are done from insiders to be honest, or someone inside who knows someone form outside. It's too tempting for an employee earning a grand a month to want to steal millions and do ti through some hacker friend. Most young folks want fast and easy money nowadays without having worked for it.

[hometester]

this once again proves the failure of the protection of large wallets, not the bitcoin code itself

[Ava Duvall]

This isn't just bad for the investors who lost money, but the crypto in general. Is has already received negative press from previous hacks and this is just making matters worse. It will scare newbies away at a time when we need new blood

New like this happens a lot and there's not much we can do about it. hacks happen, yes it is bad press but there not much we can do,execpt keep on supporting bitcoin and crypto in general.

[enhu]

This isn't just bad for the investors who lost money, but the crypto in general. Is has already received negative press from previous hacks and this is just making matters worse. It will scare newbies away at a time when we need new blood

New like this happens a lot and there's not much we can do about it. hacks happen, yes it is bad press but there not much we can do,execpt keep on supporting bitcoin and crypto in general.

This won't impact much to the market price as it had plummet down to its ground but if it does, it going to be a good thing for those who are waiting for the price to drop again. Its been a constant reminded to everyone here in the forum not to put more coins in your exchange as there is no secure way as long as its accessible in the internet page. Hackers will find a way.

[abhi777]

There are many problems with exchanges that are very susceptible to hacker attacks, this is very detrimental to many people and certainly frightening for all users, it is very unsafe if you want to keep it for a long time in a very dangerous exchange, the most effective is to use a personal wallet and keep it keep rising, must be repaired as soon as possible so that it is safer in the crypto world, a problem that the government does not want to happen if after adopting the crypto as a whole.

hackers are the first problem in bitcoin this is the biggest problem and reducing our bitcoin. we should keep our bitcoin from rampant hackers over many accounts.

[maxilopez]

if you have a large number of assets on the stock exchange and lost it, then this is your problem because at the moment the exchanges are very unreliable

[ubay]

There is no man system, even though he is a large company there are still hackers who want to try to break into their system. The bigger a company, the greater the security risk. And in this case, Zaif might miss a gap in their system that they did not realize.

[ribowo76]

Maybe this is the reason why every country must issue regulations for cryptocurrency.So that every event like this occurs.There is a guarantee that the public funds will be returned

[alroys]

This is bad news, now there are a lot of hackers who attack cryptocurrency wallets, whether it's personal wallets or exchange wallets. therefore, we must guard our wallets carefully. and don't get hacked. I hope this news will not have a significant impact on the changes in crypto prices.

[gentlemand]

Maybe this is the reason why every country must issue regulations for cryptocurrency.So that every event like this occurs.There is a guarantee that the public funds will be returned

Zaif was one of the first Japanese exchanges to be regulated. Japanese regulation costs the exchanges hundreds of thousands of dollars per year and is sounds pretty onerous. That doesn't appear to have stopped this.

There's no way any country would guarantee crypto funds. Why should they? What they should do is enforce competence.