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Author Topic: Can exchanges steal my ether  (Read 614 times)
silverleafy
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September 20, 2019, 11:03:51 AM
 #61

It is highly unlikely. Exchanges with good trading volumes are earning a lot of money everyday, they do not need to cheat their users, they need only a good reputation to have more users = higher profits.

Ucy
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September 20, 2019, 11:35:05 AM
 #62

I logged in to etherflyer with my private keys and after months of leaving it logged in, I scanned my wallet today and only to find out that my ether has been moved to a new wallet. Is that my fault as in a friend of mine stealing my coins or it may be from the etherflyer team?
All my other wallets are intact.
My wallet address on etherscan: https://etherscan.io/address/0xd18a2aea95b1e992402be37e368c510fba8b7ae0
Now moved to: https://etherscan.io/address/0x7ab9da14bf20fad590201c52b946bad767a584f2

Please I need your your advice. Thanks

How long have you been using the wallet/exchange? If it's your first time, it is probably a scam exchange/wallet. Lots of scam exchanges exist to steal from inexperienced crypto users.
If you have been using the exchange, it could still be scam from patient scammer...just be careful. Or maye it was stolen by someone else and not the exchange. That someone could be anyone including strangers.

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Little_king
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September 20, 2019, 11:35:34 AM
 #63

everything still bounce back to you as the owner because if you never let your private key go phishing them your ether cant be moved to any wallet without yr consent bit it might also cae from the team of the exchange as i ont just use any exchange than those that are ok and very pupolar to use .

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bravehearth0319
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September 20, 2019, 12:34:31 PM
 #64

I logged in to etherflyer with my private keys and after months of leaving it logged in, I scanned my wallet today and only to find out that my ether has been moved to a new wallet. Is that my fault as in a friend of mine stealing my coins or it may be from the etherflyer team?
All my other wallets are intact.
My wallet address on etherscan: https://etherscan.io/address/0xd18a2aea95b1e992402be37e368c510fba8b7ae0
Now moved to: https://etherscan.io/address/0x7ab9da14bf20fad590201c52b946bad767a584f2

Please I need your your advice. Thanks

Our advise has nothing to do to recover your wallet mate. That is obviously that your account was hacked by the hacker, probably aside from that, I think there some phishing site that you clicked on which you didn't notice that your account on it was in danger already, you became
comfortable and confident that nothings will happen bad.
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September 21, 2019, 07:51:00 PM
 #65

Nothing else can be done to recover your asset. Once it is gone in that manner, you can't recover it. No advice here will make any difference. Just pick those advices and be more careful henceforth. I'm really sorry for the incident, it can be so unpleasant.
Have a separate wallet for trading.
If you won't be trading for a while, move your assets to your personal wallet and don't leave them on exchange, either CEX or DEX.
Avoid phising sites and stay away from new exchanges until proven to be genuine.
Private key should be private.

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aemma
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September 21, 2019, 09:15:32 PM
 #66

I logged in to etherflyer with my private keys and after months of leaving it logged in, I scanned my wallet today and only to find out that my ether has been moved to a new wallet. Is that my fault as in a friend of mine stealing my coins or it may be from the etherflyer team?
All my other wallets are intact.
My wallet address on etherscan: https://etherscan.io/address/0xd18a2aea95b1e992402be37e368c510fba8b7ae0
Now moved to: https://etherscan.io/address/0x7ab9da14bf20fad590201c52b946bad767a584f2

Please I need your your advice. Thanks
What caught my attention is the fact you said, you logged in and never logged out, that is to say, there is every tendency that someone with the knowledge of cryptocurrencies have accessed your wallet and not the exchange. You might have given out your phone to a friend and forgot you never logged out and the person took advantage of it. I will suggest you check the date the transaction was made and try to think who you met on that same day, if possible recall all activities. As for the funds, nothing can be done about it.

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September 21, 2019, 09:54:33 PM
 #67

I logged in to etherflyer with my private keys and after months of leaving it logged in, I scanned my wallet today and only to find out that my ether has been moved to a new wallet. Is that my fault as in a friend of mine stealing my coins or it may be from the etherflyer team?
All my other wallets are intact.
My wallet address on etherscan: https://etherscan.io/address/0xd18a2aea95b1e992402be37e368c510fba8b7ae0
Now moved to: https://etherscan.io/address/0x7ab9da14bf20fad590201c52b946bad767a584f2

Please I need your your advice. Thanks
Most likely someone got your private keys and got access to the wallet, other options for the outcome of events are very unlikely.






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Ditlycel
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September 21, 2019, 10:28:42 PM
 #68

It is highly unlikely. Exchanges with good trading volumes are earning a lot of money everyday, they do not need to cheat their users, they need only a good reputation to have more users = higher profits.
I agree, large exchanges will not go for it, they understand that if the reputation is clean, you can earn a lot of money, and this exchange type binance is not why throw you on a couple of Ethereum.

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BitcoinPanther
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September 21, 2019, 10:32:26 PM
 #69

It seems that someone had sniffed your password or your private key.  I doubt that the exchange itself will steal your ether alone.  If they intend to steal in their platform, they will do a massive hack on that platform and declare bankruptcy.  About your friend stealing your ether, if he has your private key then there is a possibility but if don't know then it is the hacker that stolen your token.
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September 21, 2019, 10:45:36 PM
 #70


Please I need your your advice. Thanks
This is the problem I have with most decentralized exchanges because i suspect they actually keep this private keys on centralized servers. Asides from Etherdelta I barely use any other exchange. ANyways am sorry for your loss and i advise u be more careful in the future so as not to avoid such occurrence.

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bittick
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September 21, 2019, 10:47:07 PM
 #71

Possibly someone else stealing your ETH but there's always possibility that an exchange will do so especially if you are using a third rate exchange but it seems it's not the case(maybe). If you want you can track down the address and trying to find where it got send. But at the end of the day the money is already gone and it's quite impossible to recover it back. Next time when using exchange try to activate all of the security measures so that your money can't be moved easily.

Jorge158
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September 22, 2019, 03:57:25 AM
 #72

It is almost impossible for exchanges with good reputation like Binance, Kucoin, Idex, Coinbene, Bitrue, Coinbase etc to steal an investors assets. However, just as we have scam projects, there can be scam exchanges as well which can run away with funds and that is the reason why it is good not to trust new exchanges with huge funds.
Also, there can be an instance of hacking attack and this might result in lost of funds. This might not necessarily come from the exchange.

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September 22, 2019, 06:57:33 AM
 #73

I logged in to etherflyer with my private keys and after months of leaving it logged in, I scanned my wallet today and only to find out that my ether has been moved to a new wallet. Is that my fault as in a friend of mine stealing my coins or it may be from the etherflyer team?
All my other wallets are intact.
My wallet address on etherscan: https://etherscan.io/address/0xd18a2aea95b1e992402be37e368c510fba8b7ae0
Now moved to: https://etherscan.io/address/0x7ab9da14bf20fad590201c52b946bad767a584f2

Please I need your advice. Thanks
I log in my etherwallet and leave it, but it automatically logged out. I've already logged in my etherwallet many times and even I just close the window, it is logged out already, maybe you leave your account without closing or shutting down your pc while your friend is beside you and got a chance to steal what is in your wallet. Maybe you leave your pc with your friend for a couple of minutes then he got a chance to move your wallet into new. Or maybe your friend has a copy of your private keys. Think of the possible way why that happens.
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September 22, 2019, 07:13:14 AM
 #74

I see this often happens and this can be your experience. You must separate exchange wallet and main wallet. Don't logged to exchange with your main wallet private key because not safe and you will lose all you coins.

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September 22, 2019, 09:10:57 AM
 #75

yes i guess someone know your pk or your friend has access to your pc.
because after you shutdown your pc, it will automatic logging out , even if you refresh your page at that time it will auto logout.
i have been hacked before, that i know im enter in web phising,they maybe take my private key.
but after that i always carefully when i want login to my account, and until now i haven't hacked again.
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September 22, 2019, 09:37:41 AM
 #76

If your friend has an access to your account, it's possible. Another scenario is if you mistakenly enter your private key on a phishing website.

When accessing sites like this or EtherDelta/Forkdelta, it's advisable to use Metamask for extra security.
yeah, i think what you said could happen.
it makes no sense if the coin can come out and move to another wallet just like that. so as you said maybe the OP has made a mistake and is on a phishing site or the OP is accidentally giving someone the wallet key.

my advice, we must be more careful and should change your wallet as soon as possible so that problems like this do not happen again.

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September 22, 2019, 09:59:47 AM
 #77

EtherFlyer is a decentralized exchange, if they are truly decentralized then there is no way that Etherflyer was able to steal your Ethers.
Think about your friend, is he really your friend? Track the Ethereum address and when he send stolen Ethers to the exchange, report him.

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September 22, 2019, 01:51:33 PM
 #78

Be careful with private keys.  This warning is everywhere.  However, if for some reason you need to enter keys for trading on decentralized exchanges, do not give the key to the main wallet, but start a new one only for these purposes.  Use MetaMask, it will be safer.  I strongly doubt that the exchange team may be involved in the theft of funds, as this will immediately become known, and the exchange will lose its users.
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September 22, 2019, 01:57:22 PM
 #79

The title of the thread is very vague. But I will attempt to answer completely. All exchanges can steal your ETH as long as they are in possession of its private key. A centralized exchange like Binance, you just have to trust them not to steal your coins because its their private keys, not yours.

While decentralized exchanges can be spoofed and phished by malicious actors and what's worst the actual exchange is stealing from you.

What you can do is always keep most of your coins in cold wallets, away from stealing hands.


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September 22, 2019, 02:18:35 PM
 #80

That's kind of strange situation. That's why we should not keep our coins or tokens at our exchange wallets.
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