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Author Topic: $1.7 billion in Bitcoin stolen  (Read 729 times)
PlusOne88
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February 06, 2019, 08:16:37 AM
 #61

It might be true but bitcoin is still very much secure. I think there might some ways where hacking can be stopped like adding some updates to the bitcoin system. Like for example, If an additional security could be implemented such that transactions can be reverted back to the owner if the bitcoins are identified or reported as being hacked. I think this update if implemented could really help strengthen the trust people had given to bitcoin. We know there are some people who really had bad experiences about getting hacked and this could be one good solution.

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February 06, 2019, 09:15:42 AM
 #62

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.
It's true, computing all of those hacking incidents it will result to that amount and even bigger than that.

For the past years when crypto starts to boom, there's a lot of exchanges that were hack and assuming the total amount you really can't believe if that's a real figure but you have to believe that there's big money that were hacked.
i think for some investor $1.7 billion is not much cause right now bitcoin had value $60,833,048,151. so don't panic about that hacker cause in this digital world so many hacker. so for ourselves, it is more important for ourselves to save our data so that it is not hacked
Do you think that $1.7B isn't really much? even the greatest investor would feel bad for that amount.

Hackers are everywhere as long as there's something that they can benefit with. Back to the amount, $1.7B is hell a lot of money and don't think that it's just nothing for some investors.



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February 06, 2019, 10:31:20 AM
 #63

Firstly, the figure of $1.7b is relative. As the price of bitcoin changes, so does the value of the stolen bitcoin. It might have been $1.7b  based on the date of the video, but that valuation will be fluctuating all the time. As regards hacking, a lot of it has happened on exchanges. Remember Mt Gox. And the rest? We can do something to safeguard against this - don't keep any significant amounts on exchanges. Move your bitcoin, or any other cryptos, to your own wallet. Hackers will always be there trying to hack and steal, it's a fact of life.

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February 06, 2019, 10:46:44 AM
 #64

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

Wow that are huge numbers and these two groups are not yet caught, this what makes people fear to invest more on Bitcoin, and has been one of our problems ever since, it still haunts us and they can strike again or maybe they already hack some wallet but never reported the figure could go much higher than reported.

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February 06, 2019, 11:07:19 PM
 #65

Variety of hacks, phishing and carelessness all cause stolen bitcoins.
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February 06, 2019, 11:38:25 PM
 #66

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
Please be glad that the number of stolen Bitcoin still circulates on the existing Blockchain network. Having a large amount of Bitcoin that has frozen off its Blockchain network has reduced supply. Glad this helps us to own it still and glad you are not on the list of people who have  stolen Smiley)

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