$32m stolen from Tokyo cryptocurrency exchange in latest hack

[Emaillocate]

Wet dream for hackers with the Japanese Security.

[mk4]

Source articles would be great.

Here:

• https://www.bloomberg.com/news/articles/2019-07-12/japan-s-bitpoint-loses-32m-in-lastest-crypto-exchange-hack
• https://www.theguardian.com/technology/2019/jul/12/tokyo-cryptocurrency-exchange-hack-bitpoint-bitcoin

[sheenshane]

Another crypto exchange got hacked, this is not a new issue after Binance exchange gets hack and now, here is a new one. Hackers target is a hot wallet which is prone to hackers while cold wallet luckily not affected.

There's a good comment here.
https://twitter.com/wiz/status/1149584492559863808

Then, who's the next weak exchange might get hacked? hmmp

[Oilacris]

Then, who's the next weak exchange might get hacked? hmmp

It comes to a point where myself got dumb into these exchange hacks news anymore.Hackers do really see these platforms

as honeypots specially market is rising up where targeting weak security exchangers is common.Who comes next?

[Emaillocate]

Another crypto exchange got hacked, this is not a new issue after Binance exchange gets hack and now, here is a new one. Hackers target is a hot wallet which is prone to hackers while cold wallet luckily not affected.

There's a good comment here.
https://twitter.com/wiz/status/1149584492559863808

Then, who's the next weak exchange might get hacked? hmmp

On decentralized exchanges there will be much less hacks with centralized exchanges it's who the next?

[antisocial77]

those hack news dont affect the market anymore especially if its not a top exchange.i heard that new earlier today and i didnt care about the details.there will be always hacks here.

[xvids]

A fast money for the hackers but this kind of topic isn't new at all this is why exchange platforms need to upgrade their security every time.
But my real question about exchanges being hack is ,
Is it really been hack by hackers or just an inside job and putting the blame on hackers?

[adzino]

Yeah, I did hear about the news few days ago. That is really sad but yeah, hacks happen. No matter how much secure a crypto currency exchange is, they are still vulnerable and can be hacked easily. Remember, the hackers are always one step ahead of us and every digital stuff is hackable. Let us just hope that this hack won't cause any negative impact on the price of the bitcoin.

[Pingip]

Yeah, I did hear about the news few days ago. That is really sad but yeah, hacks happen. No matter how much secure a crypto currency exchange is, they are still vulnerable and can be hacked easily. Remember, the hackers are always one step ahead of us and every digital stuff is hackable. Let us just hope that this hack won't cause any negative impact on the price of the bitcoin.

decentralized exchanges solve this problem and get most of the hackers out of the game.

centralized tech is very danger because if hackers have access to the main servers they have access to all computers connected to the main servers,/s@

[AB de Royse777]

Source articles would be great.

Here:

• https://www.bloomberg.com/news/articles/2019-07-12/japan-s-bitpoint-loses-32m-in-lastest-crypto-exchange-hack
• https://www.theguardian.com/technology/2019/jul/12/tokyo-cryptocurrency-exchange-hack-bitpoint-bitcoin

Again! Another one!

That's really sad. Sometimes I really wonder - do they really get hacked or it's just a plot to move the users funds. The cryptopia one did not look good to me. And there were some others too.

Is it ever possible to create a decentralized exchange where we can trade coins including Bitcoin?

[kingpin4321]

What cryptocurrency exchange in particular. There are random post making the news to make investors shiver this sort of news until proven correct remains to me as a no point of interest

[dothebeats]

Maybe it's time for exchanges to think of a new approach when handling their hot wallets. It feels as if the hackers know that these are the easy ones to target and do not dare touch the cold wallets knowing that the security would be tight. For most exchange hacks that have happened in the history of bitcoin, the targets are always on the hot wallets and not any other part of the platform which is understandable, considering how it is basically an open wallet with lots of ins and outs (txs) and can be hijacked on the fly. This will not be the last of the exchanges that will get hacked if security measures aren't changed.

[joinfree]

I think it's high time these cryptocurrency exchange platform really secures their platform and the funds of its users with high security measures. I am not all into technology but i think these numerous hacks sound sometimes like a conspiracy and an exit scam for some projects. Because after all users don't get refunded and team slowly disappear from the space.

[khaled0111]

Hackers target is a hot wallet which is prone to hackers while cold wallet luckily not affected.

This is exactly why they save most of the funds in cold Wallets, because it is harder to hack.

But a small exchange like Bitpoint ,or whatever its name is, keeping $32m in their hot wallet!! doesn't that seem a little bit strange?!

[Anonylz]

Everytime an exchange got hacked it shows further the vulnerability of exchanges currently, and it seems rest exchanges that haven't experience hack don't learn from the victims to tighten up security, i think it's about time exchanges look for a lasting solution for this mess because it is really not speaking well of crypto.

[BY_ATOM]

I wouldn't be surprised if the pattern of hacking is the same, using the same vulnerabilities. I have the impression that people create these exchanges using the same sources, skim the cream, and then ask hackers to hack their exchange and share the profits...

[Pursuer]

Wet dream for hackers with the Japanese Security.

that is racist since it has nothing to do with "Japanese security" but with this exchange lacking security. not to mention that this is not the first time, it is not even the hundredths time! there is at least 100 cases per 6 months of hacks usually from exchanges. that is why everyone always tells you not to leave anything on exchanges ever.

[bitbunnny]

Everytime an exchange got hacked it shows further the vulnerability of exchanges currently, and it seems other exchanges that haven't experience hack don't learn from the victims to tighten up security, i think it's about time exchanges look for a lasting solution for this mess because it is really not speaking well of crypto.

Hackers will always try to get their prey but exchanges should really rise the level of security. In their run for profit security is one of the features they often forget about and performe only minimum of it. With more and more developed and sophisticated hackers attacks this is not enough.
Also we should raise the awareness of users about security issues so that they don't use exchanges as crypto wallets.

[Red-Apple]

in other words the very long list of exchange hack cases grow by one! the list is too long that this one is lost among them specially since this is not even among the top 10 biggest hacks of all times and the exchange itself wasn't big or popular or anything to cause any kind of concerns since not that many people were involved.
besides most exchange hacks have been fake news spread by the exchanges themselves when they need more money!

[Pyr3x]

First of all, this confirms the idea that you do not need to store the cryptocurrency on the exchanges. Exchanges are not reliable and they are often hacked. And maybe the exchange just steal the crypt pretending to be a hack