$1.7 billion in Bitcoin stolen

[coinwizard_]

These exchanges should know that there have been many hacks in the past and that cold storage is a must. Minor hacks on hot wallets can be somewhat tolerated, but not multi million dollar losses

[bit-freedom]

That is a huge amount. IMO, hackers will try to hack anywhere that has money. And crypto is a good target since it is easier to hack an exchange than bank. This is why we have to be careful and don’t store our coins in the exchanges.

[Magkirap]

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

Every year we experience big losses but the losses happen when some hackers stole our bitcoin. We really need to secure our funds and cryptocurrencies because once they hack your wallet there is no chance that you will recover it. For our security do not keep your cryptocurrencies in a exchange and its better to put it in a wallet especially hardware wallet.

[kryptqnick]

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

It sounds like a shit tone of money, but it doesn't mean that the banks do a better job. He says that should protect the money as good as banks, and they probably do. It's hard to compare, of course, as the total amount of bitcoins is far less that the total amount of fiat. If we compare only the stolen sums, though, then banks lose more of people's money than crypto wallets do. You're saying that 1.7 billion dollars were stolen in 10 years. Take a look at this 2015's report about malware: https://money.cnn.com/2015/02/15/technology/security/kaspersky-bank-hacking/index.html. Approximately 1 billion was stolen because of it just as a part of a single complex attack! Take a look about this article on 16 billion dollars stolen in a single year: https://www.cnbc.com/2017/02/01/consumers-lost-more-than-16b-to-fraud-and-identity-theft-last-year.html.
People need to be more careful with their passwords and private keys is all I can say.

[santiPOGI]

Mostly, they are reporting a lost if the bitcoin value is relly big but there are so many hacked account who were not reported.
There are so many hacker in this world and i think everyday has a victim. we should be more careful on what we are doing.

[proTECH77]

It would have be a good ideal if more research could be done solely for the purpose statistical data on stolen bitcoin by hackers from exchanges and also, for individuals whose hacks are well known to the public. This will enable us know the exact worth of bitcoin stolen.

[3core]

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

This is one of the reasons why cryptocurrencies is seeing less new investors, they are afraid of falling victim to cumbersome loss due to the slightest breach of security, they will instead pay a fee to have their money secured by their various ginancial institutions.

[susuberuang]

a lot of people are careless and can lose their assets as much as it is a mistake of their own who cannot maintain their assets as well as possible, they are too curious to press a number of buttons that might have been set so that he becomes a victim of such hackers.

[drumamat]

Since Bitcoin launched more than $1.7 billion worth of Bitcoin has been stolen by hackers:

https://www.youtube.com/watch?v=g5iCx8cY6l4&feature=youtu.be

Yes, it is a huge amount. It is a pity that such situations occur, but it was obvious. Hackers could not simply bypass such an industry.Most likely, we will witness an even greater number of Bitcoin thefts. Industry is developing, hackers are developing.

[kingpin4321]

This would go down as one of the numerous times hackers has attacked and made away with huge amount of bitcoins and this goes to rise the rate of security measure.
Hackers are modifying there plans and so we also have to follow suit to avoid this menace

[ralle14]

You should edit the title of the thread and replace the word lost with stolen because these cryptocurrencies are still in circulation. If the hackers had a plan of losing the coins they should be sent to a burning address or make their own proof of burn but there's no reason for them do that.

hackers are developing.

If hackers are developing then the exchange's security will also be developing. It can increase but you don't see a lot of exchanges get hacked mostly it's an inside job or exit scam.

[livingfree]

Hacking is a popular incident through crypto's and counting them won't make sense because there's still money flowing to the market. And what'swith those youtube videos that you've been including with your every post?

What's the point of telling that there's $1.7B lost because of hacks? the banks has the most lost when there are hackers penetrating to their clients and steals money out of their own funds on cloud.

The videos offer an easy explainer on the subject to inform viewers. It's important to point out just how much has been lost in crypto hacks in recent years.

But I won't watch it.

Why companies can't make a good security system. I'm not a developer, but still why??? It doesn't matter fiat or crypto hackers are everywhere

Its due to the drought of their budget. They can't improve their security because of money, it's the first and main reason why some companies aren't willing to upgrade their security because of its cost. Security is the most expensive thing next to the system of the company itself. Next, they really has a weak security which made them confident before and didn't thought of such scenarios might happen.

[A L I E N]

Please put the word "billion" in the title

We do not  understand anything at all. I was thinking about the other number. Please, more clear when you write down your thoughts. People simply do not understand anything at all.

[ethereumhunter]

Many exchange market have hacked and make about $1,7 billion bitcoin stolen, last time we got information about cryptopia exchange was hacked and become more sadness about how bitcoin and altcoin price at the future, will be drop or not.

If we talk about the exchange market, then it means, the exchange needs to secure their websites from any attackers. And if they can not protect their websites, then I am sure their member will leave the exchange and will find the other exchange. I think the problem was in the exchange and not in the personal because we heard any news that says exchanges get hacked and that is their jobs to make sure they can protect their members.

[squatter]

These exchanges should know that there have been many hacks in the past and that cold storage is a must. Minor hacks on hot wallets can be somewhat tolerated, but not multi million dollar losses

Indeed, at the very least only a very small percentage of funds should be held in hot wallets.

I'd prefer to see exchanges treating security like Bitmex: Full cold storage requires that withdrawals are not be available on demand. Withdrawals should be queued and manually withdrawn from cold storage. It's inconvenient, but when you consider past hacks were all hot wallet compromises, it makes sense.

[Blockchainer06]

The world is changing, and the digital world is more and more close to the lives of the public. Everyone's money, information and information are more or less equivalent to being stored on the network, while the frequency of cybercrime is more and more frequent and intensive. What a terrible problem it is that our assets and personal information can be leaked at any time.

[Inosend]

The rate at which criminal are stealing from cryptocurrency now a days is really alarming something has to be done

[Jocuserious]

Actually we need to do something good reason,how we can save our wallet.i think many hacker have in the market,and their always attack our (Exchange,bitcoin holding) everything.so we need use strong password,hide every information about our wallet. don't give us personal key,and mail account.then hacker will do not hack our money.

[cizatext]

$1.7 billion bitcoin being being stolen since the advent of bitcoin that is a huge amount but my contradiction is is this total some the whole of the hacks that have happen to companies and exchange site's, because if it doesn't then the statistics is not yet correct their have being huge loses in the pass involving major exchanges both in bitcoin and all the other altcoins.

[Halmater]

That's a huge amount of Money and I don't know whether it is true or not. Even if this is true, people may have a difficulty to believe this.