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Author Topic: if anyone hacked your account then who is responsible???  (Read 7636 times)
Cnut237
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July 29, 2019, 05:35:07 PM
 #21

if I've created account/wallet on coinbase or any other exchange then my account is hacked and my coins/money lost who are responsible for it
The Exchange where I've created account Huh
is it my mistake Huh
what's you thought about it Huh

and how i make my account safe  Huh


Nothing is 100% safe. It's all a question of managing risk. Even having everything offline is a risk in case you lose your private key.
Some exchanges reimburse users who lose money due to an exchange hack, and responsible ones keep the vast majority in cold storage with a minimum in hot wallets.
Coinbase I think is quite good in general, and obviously has a reputation to maintain.

Where you tend not to get reimbursed is if it's a small/disreputable exchange, or anywhere where the mistake is yours - e.g. giving your private key away, software vulnerabilities on your own pc, etc.

Generally just take sensible precautions, be careful with your keys, and don't key everything on a single exchange. A mixture of good exchanges plus some offline storage as well probably mitigates the risk sufficiently.






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July 29, 2019, 05:43:44 PM
 #22

It’s me. Who created the accounts and wallets but didn't take enough protection to protect the funds or coins from hacking. So, for me the suggestion is to protect wallets from hacking, 1) I should use a very very strong password, 2) I should kept my private key in safer place far from anyone.

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July 29, 2019, 05:44:36 PM
 #23

Each token holder is responsible for its tokens on the wallet,as only he has the key to the wallet,and if he got it to the wrong place and it was hacked,then it's only his fault
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July 29, 2019, 06:29:40 PM
 #24

It will be partially your fault cause you didn't take enough precautions to safe guard your account, like 2FA authentication, SMS authentication etc. If it is your exchange account sometimes it might not be your fault but the exchange involved.
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July 29, 2019, 06:38:46 PM
 #25

if I've created account/wallet on coinbase or any other exchange then my account is hacked and my coins/money lost who are responsible for it
The Exchange where I've created account Huh
is it my mistake Huh
what's you thought about it Huh

and how i make my account safe  Huh


If the website wasn't hack then you are responsible for the hack of your account. It is always advisable that before you login on any website or platform, you should check whether you have entered the correct web address. Hackers use phishing site thus they create web addresses similar to the original web address just to obtain login details of users to get into their account and steal their funds. 
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July 29, 2019, 06:39:00 PM
 #26

if I've created account/wallet on coinbase or any other exchange then my account is hacked and my coins/money lost who are responsible for it
The Exchange where I've created account Huh
is it my mistake Huh
what's you thought about it Huh

and how i make my account safe  Huh

When your account got compromised then there no other to be blamed but yourself because you have carelessly expose those important informations to access your account.
Emails,Passwords,2fa and other related things and once other people do able to get that info then they can completely access your account.Making your account safe?
Set 2fa,use strong passwords - Be aware on phishing links, downloading something into net which can give out malware or everything that can possibly get your credentials.

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July 29, 2019, 06:42:29 PM
 #27

if I've created account/wallet on coinbase or any other exchange then my account is hacked and my coins/money lost who are responsible for it
The Exchange where I've created account Huh
is it my mistake Huh
what's you thought about it Huh


It will depend on what problems caused your account to be hacked. If it is because of your omission, of course you must be responsible. But if the case is due to the negligence of the exchange site, then they should be fully responsible for the losses suffered by the user.


and how i make my account safe  Huh

Set 2FA security on your account, keep your account information in a safe place and never share it with others. It would be even better if the device you use is only specific to the purposes of storing important information and is not used for other purposes.

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July 29, 2019, 07:07:12 PM
 #28

I think it is you mistake for 100%! it is important rule - do not holding any funds on exchanges! Ledger Nano - is safe wallet, read about it
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July 29, 2019, 07:40:10 PM
 #29

Well I think most exchangers have term of use of their wallet both web based and desktop wallet. In the case where account got hacked due to attack on the platform. The coinbase might be blame. However, if you account got hacked as a result of you not keeping your account information save then you are responsible for the loss. There are many thread here on btt that already discussed some ways to keep your account save from hackers I believe you already know what and what should be done to protect your account
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July 29, 2019, 09:25:42 PM
 #30

if only your account has been hacked, then I think only you are responsible for not taking care of it properly, but if the one being hacked is the market then the one responsible is the team and that also depends on which exchange you choose, if you choose binance then all Your money will be returned, but if only a small exchange, then you have to give it up

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July 29, 2019, 09:30:37 PM
 #31

You and only you are responsible for getting hacked on exchanges.
If the whole exchange got hacked then it's the fault of the exchange and its team are responsible. But in your case, it's you.

How you can secure your wallet?
Use a highly secure password combination of alphanumeric without taking words from the dictionary. Make sure you added 2-fa security. Watch out for phishing website and malware. That's how you can secure your account.
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July 29, 2019, 09:46:24 PM
 #32

Keep funds on a cold wallet, do not trust anyone, it is almost impossible to return the stolen coins.

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July 29, 2019, 10:51:15 PM
 #33

If you account is hacked through phish sites then it's your fault. If the wallet is hacked through a rogue in the company that designed the wallet then it can't be your fault. A friend lost huge xlm through that means and it was never recovered

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July 29, 2019, 11:12:56 PM
 #34

if I've created account/wallet on coinbase or any other exchange then my account is hacked and my coins/money lost who are responsible for it
The Exchange where I've created account Huh
is it my mistake Huh
what's you thought about it Huh

and how i make my account safe  Huh

You created this account and you are responsible for the security of your account unless the general hack happens on the exchange. It is not safe to use commonly known passwords on the financial sites and your account is the only affected due to your careless behaviour on the crypto exchange.

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July 29, 2019, 11:18:28 PM
 #35

We the users are responsible for our account. Hacks happen same as that an accident that happens when we're on the road on the right track. We can't blame anyone, we're supposed to move forward getting the funds recovered. Most of the exchanges will be having good security, beyond that if some hack takes place its the fate. Exchanges will never intend to ruin its reputation for which mostly they distribute fund from reserve. One such took place with Binance in recent days.

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July 29, 2019, 11:44:57 PM
 #36

Your coinbase account is hacked? So far I think that coinbase has a high-security system that will be difficult to be hacked. However, hackers will always have smart ways to make it open. And so sorry for this bad condition. We can blame anyone, but of course, being more careful after using an account in certain exchange is a must. Moreover, we have assets on it

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July 29, 2019, 11:54:19 PM
 #37

if I've created account/wallet on coinbase or any other exchange then my account is hacked and my coins/money lost who are responsible for it
The Exchange where I've created account Huh
is it my mistake Huh
what's you thought about it Huh
and how i make my account safe  Huh
-When you lost and mistake by your self, like easy password, isn't use 2fa and pc has been virused.
-When exchange hacked by hacker, all fund, you don't loss anything for that.
-Exchange made for exchanging your cyrpto not for wallet. So far, save your crypto with own wallet when you have access private key.

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July 30, 2019, 03:30:47 AM
 #38

if I've created account/wallet on coinbase or any other exchange then my account is hacked and my coins/money lost who are responsible for it
The Exchange where I've created account Huh
is it my mistake Huh
what's you thought about it Huh

and how i make my account safe  Huh

It depends, if there was a massive hack and thousands of users lost their funds then the exchange is responsible and if the owners of the exchange are honest they will refund their customers and will do their best to improve their security.

However if you were the only one hacked then it is likely it was your fault and the exchange will hold you responsible for your losses.

Now about how to make your account safer, the best way is to enable two factor authentication and to only login in your account with a computer you know is safe and free from viruses.

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July 30, 2019, 03:45:32 AM
 #39

I think both? Did you enable your 2fa? Because if not then it can be easily hacked or maybe you had visited a phishing site, it's also the hackers fault because they are greedy on stealing people's hard earn funds.

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July 30, 2019, 03:51:07 AM
 #40

if you are not doing any act that you think that will give you a big risk by lost or your password getting stolen by others and the exchange site will be responsible to your hacked account but if that was related to the hacked case that caused by you can't secure your password and then you will be responsible with your hacked account.

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