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Author Topic: if anyone hacked your account then who is responsible???  (Read 7705 times)
preikaler
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January 20, 2020, 04:06:41 AM
 #381

it is your account so you have full responsibility in guarding it and if your ankle is hacked then you cannot blame anyone, so keep your account safe and make sure no one knows your password

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January 20, 2020, 04:36:23 AM
 #382

It's always you who's responsible for this. For instance, I store all my funds in my Freewallet app and I have 2fa and PIN set, so it's almost impossible to steal my coins.

With wallets that may be true, but I guess the OP is talking about accounts in cryptocurrency exchanges. If someone hacks the exchange accounts, then you can't just blame the users. The exchanges should also bear a part of the blame. Here, security precautions such as 2FA and email verification are the responsibility of the exchanges. I own accounts in several cryptocurrency exchanges, and till now none of them have got hacked. But some of my friends were victims of such hacks. And they never got any sort of compensation from the exchanges.

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January 20, 2020, 04:52:03 AM
 #383

The exchange should generally be responsible for any sort of hacks and should at least partially compensate those who are affected, but at the end of the day there doesn't seem to be anything concrete to hold the exchanges to refunding users after funds are stolen, not to mention it's usually not an easy task to get stolen coins back (if they can ever be retrieved), thus you should always prepare for the worst and keep your coins off an exchange and in your own wallet whenever possible.
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January 20, 2020, 05:31:09 AM
 #384

By the chance of having our funds missing or taken out by someone that isn't us. The percentage of who should be responsible varies. If you think your account is already secured (using security feautures such as 2FA and more), then its balance just disappeared suddenly without trace, it is the responsibility of the exchange that there is a malfunction in their system. But with the evemt where you can see someone accessed your account, it is 50/50 chance that it is by your mistake with the support of the lack of security feautures of the exchange.
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January 20, 2020, 05:40:41 AM
 #385

It's always you who's responsible for this. For instance, I store all my funds in my Freewallet app and I have 2fa and PIN set, so it's almost impossible to steal my coins.
OP taking example by using coinbase which is centralized exchange providing online wallet. you don't have the private key to access your account and all is stored within the exchange wallet. If security breach happens, the exchange will be the one who take the blame. Frankly, there are some wallets floating around google play store or any mobile apps that are actually exchange wallet. OP's case could be the best reference to deal with those wallet.

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January 20, 2020, 06:46:43 AM
 #386

It's always you who's responsible for this. For instance, I store all my funds in my Freewallet app and I have 2fa and PIN set, so it's almost impossible to steal my coins.
OP taking example by using coinbase which is centralized exchange providing online wallet. you don't have the private key to access your account and all is stored within the exchange wallet. If security breach happens, the exchange will be the one who take the blame. Frankly, there are some wallets floating around google play store or any mobile apps that are actually exchange wallet. OP's case could be the best reference to deal with those wallet.

Agree, if the event is in the exchanger and occurs on all accounts, then the exchanger should be responsible for compensating the loss suffered by the customer. On the other hand, customers or investors should not keep coins or tokens in the exchanger because they do not hold control over the coins or tokens so that in my opinion it is better to store them in our own wallet
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