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Author Topic: Warming there seems to be an increase in the number of hacks/scams at the moment  (Read 279 times)
jackg
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December 13, 2018, 08:19:12 PM
Last edit: December 14, 2018, 09:33:03 AM by jackg
 #1

It’s come to my attention that there are being a lot of hacks and scams going on at the moment.

This is a warning to people to keep wallets fully protected, exchange accounts should have 2fa added and wallets should at least have a password on them.

However, if these new hackers are successful in art king vulnerabilities in web browsers and adding, it could really make the price start to drop quite dramatically.

(We always get hacks and scams increasing when the price dips - usually because it hits the news or people can get bored of their funds not doing so well I guess)... Anyway, stay vigilant and don’t click anything you don’t trust.

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December 13, 2018, 08:33:09 PM
 #2

Do you think bitcoin is killed by ordinary small investors?

I am sure that the organizers of ICO projects that have deceived investors are to blame for everything.

Bitcoin will survive bad times
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December 13, 2018, 08:40:42 PM
 #3

Yeah I have seen a rise in hacks, likely because people care even less about securing their private keys now that crypto has taken a large drop from where most people have purchased. It isn't necessarily killing cryptocurrency though, the speculates are. If you are using cryptocurrency purely as a investment and not using it, then it actually hurts the economy. Plus when people buy crappy ICO's and they sell off it hurts the economy because there are not enough buyers in the market that value the coin. There needs to be more usage for the cryptocurrencies to have people value them higher. There is a problem of too much money, and some companies even face this problem. Having too much money in a business can actually be harmful. I think this is a big problem in cryptocurrency, we expanded way to fast without much application.

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December 13, 2018, 08:41:56 PM
 #4

I must agree with you on this one peoples carelessness to the fact that hacker or on the lose an effective security measures should be adopted but I must say the effect of hackers does not play a major role to the down fall of bitcoin

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December 13, 2018, 08:47:50 PM
 #5

It’s come to my attention that there are being a lot of hacks and scams going on at the moment.

This is a warning to people to keep wallets fully protected, exchange accounts should have 2fa added and wallets should at least have a password on them.

However, if these new hackers are successful in art king vulnerabilities in web browsers and adding, it could really make the price start to drop quite dramatically.

(We always get hacks and scams increasing when the price dips - usually because it hits the news or people can get bored of their funds not doing so well I guess)... Anyway, stay vigilant and don’t click anything you don’t trust.

I've never noticed any major correlation between the price and publicity around small hacks or scams. Only major heists like the Bitfinex hack in 2016. You think it's creating FUD around Bitcoin's security and is affecting price?

The only thing I've heard about recently was the Copay vulnerability. I'm not sure if anyone lost money from that.

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December 13, 2018, 08:58:06 PM
 #6

It’s come to my attention that there are being a lot of hacks and scams going on at the moment.

This is a warning to people to keep wallets fully protected, exchange accounts should have 2fa added and wallets should at least have a password on them.

However, if these new hackers are successful in art king vulnerabilities in web browsers and adding, it could really make the price start to drop quite dramatically.

(We always get hacks and scams increasing when the price dips - usually because it hits the news or people can get bored of their funds not doing so well I guess)... Anyway, stay vigilant and don’t click anything you don’t trust.

It is best to keep the wallet on an external flash drive or use a special cold wallet for cryptocurrency. If you keep a private key on your personal computer, there is always a possibility that a virus will be sent to your computer which will later withdraw all your money to the wallets of scammers.

 
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jackg
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December 13, 2018, 09:00:26 PM
 #7




I've never noticed any correlation between the price and publicity around hacks or scams. You think it creates FUD around Bitcoin's security (or that of exchanges) and this affects the price?

The only thing I've heard about recently was the Copay vulnerability. I'm not sure if anyone lost money from that.

I do think that yes. There’s a lot of malware at the moment and a lot of signatures relating to cryptocurrency viruses that I’m noticing (rhese seem to be the ones that antivirus companies already know about though so they could have existed ever since we fell and started going sideways).

People are trying to get whatever they can and that’s always been the case, I’d like to see the average malware developer, I can’t really picture them...

There’s also the thing of, if a lot of bitcoin are stolen and sold on the open market, the price is obviously going to crash as it’ll wipe out a lot of listings people are making.

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December 13, 2018, 09:02:02 PM
 #8

I've said it on here time after time again. BTC is OLD, SLOW, OUTDATED, AND USES TOO MUCH ELECTRICITY. Bitcoin is a prototype for what's to come. It's dying now. You can thank those over at bitcore who modified and basically handed it over to the elites to control now.
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December 13, 2018, 09:07:58 PM
 #9

I do think that yes. There’s a lot of malware at the moment and a lot of signatures relating to cryptocurrency viruses that I’m noticing (rhese seem to be the ones that antivirus companies already know about though so they could have existed ever since we fell and started going sideways).

People are trying to get whatever they can and that’s always been the case, I’d like to see the average malware developer, I can’t really picture them...

There’s also the thing of, if a lot of bitcoin are stolen and sold on the open market, the price is obviously going to crash as it’ll wipe out a lot of listings people are making.

True, that's an interesting point. I just figure these types of scams -- malware, phishing, things like that -- are pretty small-time. How many coins end up being sold on the market that way? It's probably a drop in the bucket compared to selling from miners, payment processors and others.

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December 13, 2018, 09:43:11 PM
 #10

Miners tend to do off trading, they can normally get a better rate that way and don’t want to fund a middle man.

A random scammer may do cash in hand or otc trading but if they want to use the money then putting it through an exchange might be a better option (the source might not be checked and it can make what they’re doing seem legit as it’s coming from a credible company and they’ve probably done kyc with them...

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December 13, 2018, 09:56:50 PM
 #11

Do you think that our wallets are more jeopardized now due to the price range? What is it in the price of the coin or in a current situation that is making us more vulnerable now?
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December 13, 2018, 10:15:49 PM
 #12

I must agree with you on this one peoples carelessness to the fact that hacker or on the lose an effective security measures should be adopted but I must say the effect of hackers does not play a major role to the down fall of bitcoin
I guess you are right. Surely, people feel frustrated and less serious about protecting their crypto funds, but it doesn't mean that hacks will make the price decrease even more. I guess what makes a difference nowadays is mainly fud about regulations and price predictions. I guess only of some major wallet provider betrayed its users, it could lead to another drop.

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December 13, 2018, 10:17:53 PM
 #13

scamming and hacking are factors that make BTC fall drastically, this is very crazy, I have never seen a more drastic decline than this year.

this year is a very bad year for the crypto world.
Market conditions make everyone panic and fear. but, I think that people cannot kill BTC easily.
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December 13, 2018, 10:22:51 PM
 #14

I guess what makes a difference nowadays is mainly fud about regulations and price predictions.
Isn't the underlying problem of this that users don't know what they are investing in? If you blindly buy into something so speculative, and news outlets are your main way to know what's happening in the space, then you are asking for problems.

I mean, no one wants to be sucked into this, but you can research what you invest in and from there try to verify every bit of news yourself by going straight to the source, which mostly will help you calm down.

News outlets spice up their content to attract clicks, that's how they make money. Drama is what sells, and it seems to be an effective way of making money, because it works each and every time. Noobs never seem to learn from their mistakes.

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December 13, 2018, 10:33:26 PM
 #15

The activity of scammers again point to the fact that the profitability of the crypto currency is real. However, we need to secure our accounts and avoid clicking unknown and soliciting sites. i am quite aware that these nefarious activities are also amongst a belt of certain people who help to build the platform may find the vulnerabilities of certain programmes and exploit same to scam unsuspecting and naive users. Beware.

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December 13, 2018, 10:45:22 PM
 #16

The streets of crypto is full of so many things, both good and ugly. The issue of hacks and scams have been a very worrisome issue. Exchanges as well as private wallets are hacked and funds stolen. It all boils down to personal security, staying alert and vigilant. These can only try but can never kill Bitcoin.


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December 13, 2018, 11:16:22 PM
 #17

The hacks you're talking about are usually companies going bankrupt and making up fake hack stories to run with whatever money that have left. What would you expect? We are back to Bitcoin prices from the beginning of 2017, many companies that started to believe in cryptocurrencies in 2017 and 18 are now barely hanging on.
The price of Bitcoin in fiat in a given month doesn't change much. It takes only a month for Bitcoin to go from 5000 to 20000. Today we are at 3 and tomorrow could be at 5.

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December 13, 2018, 11:18:21 PM
 #18

I believe that you trying to help but i don't think this is the main cause of the current change in the price of Bitcoin. This activities are just no threat to Bitcoin. If it was possible to kill the use of Bitcoin, like it would have dead in the previous years. By the way, thanks for sharing this to need people keep their wallet safe from hackers.
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December 13, 2018, 11:23:40 PM
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My opinion is that Bitcoin is more in danger from people who intentionally want to drop Bitcoin then accidentally. There is lot of manipulation on the market which does not do good and drives away investors. This is an unregulated market after all.

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December 13, 2018, 11:25:17 PM
 #20

You describe the obvious things that everyone does before registering on any exchange.The most important thing is not to Shine your private keys and, if possible, use either hardware or cold wallets.I also from my computer almost never go to little-known sites.Thus, the chance of not losing your assets increases significantly.But even if my wallet gets hacked, there's nothing to steal.Another thing is if it was stolen the private key of a whale.because of such errors in principle and may start to fall course) Because it is a fact that the thief, in any case, after the theft will definitely want to sell the assets.But I'm sure if they were stolen, it would be an isolated incident, because all whales keep their valuables as safe as possible.
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