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Author Topic: Russian hackers have comitted one of the biggest theft  (Read 114 times)
graylexstamit
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June 19, 2019, 05:40:33 AM
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https://www.ccn.com/bitcoin-crime/russian-hackers-mastermind-530-million-coincheck-theft/2019/06/18/

the most interesting to me is that Russia is one of the weakest countries in blockchain and all this crypti stuff but the best hackers are all russian
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June 19, 2019, 05:53:33 AM
 #2

https://www.ccn.com/bitcoin-crime/russian-hackers-mastermind-530-million-coincheck-theft/2019/06/18/

The most interesting to me is that Russia is one of the weakest countries in blockchain and all this crypto stuff but the best hackers are all Russian.


I am not surprised of this latest revelation on who really made that biggest hack ever that transpired in Japan's CoinCheck. North Korea is likewise known to have the best hackers and they are always on the top of suspects whenever something like this happen but we now know better on the CoinCheck incident. I guess this whole thing will go on until there will be cryptocurrency exchanges around as the incentive or the prize can be so huge...hackers who have the talent, time and focus will do everything on their powers to enter the hive and steal the honey. It is now imperative to all exchanges to fortify their defenses at all fronts.

It is amazing how a simple once act by an unsuspecting employee of CoinCheck led to the loss of many millions of dollars. It must be the standard policy of the exchange for all of their employees not to download and install anything without clearance from the above.

"The hack was a result of the crypto exchange’s employees installing infected software on their computers. The hackers reportedly sent emails to the employees containing viruses such as Mokes and Netwire, who unwittingly installed the malware on their machines and caused a massive financial loss."

 
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June 19, 2019, 06:06:15 AM
 #3

Owner of bitconnect.com was arrested in India for $14,000,000,000 ponzi scheme using Bitcoins. The big scammers are in India.
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June 19, 2019, 06:58:07 AM
 #4

Hacker attacks seemed to start happening very often. When I go to the exchange, there is no certainty whether I did everything to protect myself from hacking. Even the news talked about how some hackers found a way to bypass two-factor authentication in order to gain access to a crypto wallet. I'm at a loss how to continue trading in such conditions
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June 19, 2019, 07:10:58 AM
 #5

Hacker attacks seemed to start happening very often. When I go to the exchange, there is no certainty whether I did everything to protect myself from hacking. Even the news talked about how some hackers found a way to bypass two-factor authentication in order to gain access to a crypto wallet. I'm at a loss how to continue trading in such conditions
No wallet can offer a sufficient level of protection now. Therefore, the most recommended type is “hardware wallets” with an air gap that protect the private key from any Internet connection. So you can manage the security of your backup.
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June 19, 2019, 07:12:49 AM
 #6

The exchange had a pretty weak defense, all those coins were sitting in a hot wallet without multi-sig. Also, Imagine losing $500M just because one or some of your employees didn't know they shouldn't install unknown programs lol.

It's possible that the hackers may not be Russians since all evidence they've got is that the malware originated from Russia.

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June 19, 2019, 07:17:22 AM
 #7

Hacker attacks seemed to start happening very often. When I go to the exchange, there is no certainty whether I did everything to protect myself from hacking. Even the news talked about how some hackers found a way to bypass two-factor authentication in order to gain access to a crypto wallet. I'm at a loss how to continue trading in such conditions
All cryptocurrency wallets are created for security, but the exact protection differs from wallet to wallet. Therefore, the best way would be to try different types of wallets first, before stopping at one. If you are looking for a way to protect yourself from hacking, then there are interesting articles on the taklimakan site, this is a platform for communicating and exploring crypto investments.
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June 19, 2019, 07:24:12 AM
 #8

Hacker attacks seemed to start happening very often. When I go to the exchange, there is no certainty whether I did everything to protect myself from hacking. Even the news talked about how some hackers found a way to bypass two-factor authentication in order to gain access to a crypto wallet. I'm at a loss how to continue trading in such conditions
All cryptocurrency wallets are created for security, but the exact protection differs from wallet to wallet. Therefore, the best way would be to try different types of wallets first, before stopping at one. If you are looking for a way to protect yourself from hacking, then there are interesting articles on the taklimakan site, this is a platform for communicating and exploring crypto investments.
Because of the hacks, the wallets of the exchanges mainly suffer, so the main rule is to transfer to the account of the exchange only the necessary amount of funds of which you are planning to trade at the moment. in addition, create and store separately for example on the disk backup copies of wallets and keys
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June 19, 2019, 07:27:25 AM
 #9

The main thing to avoid very light versions of the wallet in the browser. The best option is software cryptographic for computers and phones. But I agree with the statement that you should not save money on the exchanges. Not safe, and you have no quick access to this money.
Kakmakr
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June 19, 2019, 12:11:46 PM
 #10

The weak software that are being used by some of these exchanges are to be blamed. We have some excellent software developers working on the Bitcoin Blockchain, but the weak point is the third party services with all of the exploits that are being identified daily.

Some of these exchanges also have poor cold storage practices in place, because they have very low liquidity and have to dive into cold storage very frequently to honour withdrawals. I have seen some pretty good hackers from India and other 3rd world nations.  Roll Eyes

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June 19, 2019, 02:35:39 PM
 #11

Owner of bitconnect.com was arrested in India for $14,000,000,000 ponzi scheme using Bitcoins. The big scammers are in India.
Scammers and hackers are entirely different if you are not aware of it  Roll Eyes, looks like these third world countries are sponsoring these hackers to target the exchanges as they are easy targets because of the lack of security features they have and how causal some of these exchanges handle user funds and there is not much sweat to exploit these exchanges and majority are from Russia and North Korea.

 
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