Hackers Just Had A Field Day on Nuls. $480k Worth Token Stolen

[nanaimogold]

Blockchain platform Nuls has lost almost $480,000 worth of NULS tokens due to a hack, according to a security update tweeted on Dec. 22.

In its tweet, Nuls said it had detected that 2 million tokens had been transferred, of which 548,354 tokens — worth roughly $131, 600 — had entered the trading market and were now untraceable.

https://cointelegraph.com/news/hackers-grab-nearly-480k-from-blockchain-platform-nuls?utm_source=Telegram&utm_medium=social

Will there be a remedy for the incessant hacks in 2020?

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[Dickiy]

hacking there must be a cure, that is, from a very good security system but hackers will never stop because they occupy the job as hackers and also I think hackers are smarter than security systems

[leeboy]

Second or third big hack in december. Terrible

[cryptoaddictchie]

Blockchain platform Nuls has lost almost $480,000 worth of NULS tokens due to a hack, according to a security update tweeted on Dec. 22.

In its tweet, Nuls said it had detected that 2 million tokens had been transferred, of which 548,354 tokens — worth roughly $131, 600 — had entered the trading market and were now untraceable.

https://cointelegraph.com/news/hackers-grab-nearly-480k-from-blockchain-platform-nuls?utm_source=Telegram&utm_medium=social

Will there be a remedy for the incessant hacks in 2020?

Remedy is prevention. Cure for this quite hard to decipher even a tight security has been implemented. There are different blockchains and of course those new tech are still not safe from threats. Even bitcoin and major coins has been hacked before what more those new projects.

Hack is one thing new projects should be ready for cause this is one enemy that often lead to a very bad publicity just like this. Which isn't good for project and could affect its liquidity.

[ansi]

Well i won't blame them since security is still in embryo stage in this cryptophere. You can't blame a hacker for finding it easy to steal couple millions, the crypto owner should be blamed for that.

[batang_bitcoin]

There is no perfect system and from my understanding it it wasnt mentioned of what kind of hacking was that. Correct me if I'm wrong but base on the article, there was a sudden transfer of those tokens which can lead to wallet hacking. 2% of entire supply was hacked.
They have already learned from this and it is really an expensive lesson for them.

[boltz]

There will never be a fully security network that cannot be hacked so I don't see 2020 safer than 2019 when it comes to crypto hacking. I know , its sad , we don't want to see news like this but its up to see to protect our assets and big project should be aware that a hack on them can happen anytime. This is the 2nd announcement of hacking a project funds in 2 weeks so lets hope it will end here for this year.

[hirngespenst]

So, another hack at the end of 2019! The crypto never can come out from hackers, scammers and these are the main drawbacks of crypto! We started the year with the loss of an old crypto exchange which is Cryptopia and the year was full of hack incidents! I pray 2020 will be a positive year for the crypto lovers in every way where hack will be less to no more, BTC, ETH price will recover well and so on.

[BeginToMine]

This is really serious, how can this be avoided, incurring such lost is hurtful. Hackers are sets of unavoidable people in Cryptocurrency, reason why we have to be absolutely careful to avoid falling victims.

[qiwoman2]

This is one of the main reasons I think that many ordinary folks are really apprehensive to invest or incubate their life savings into this niche market because of the security risks involved in it. We need to really improve security and education in this space if we want to attract more laypeople to invest. I am very sad for all those people who lost their NULS today unless they can be compensated of course. I wonder how expensive it is now to underwrite your project or one of the exchanges. I used to work for Lloyds Underwriters in the City very early on in my life and I remember back then it was very expensive. Insurance in this fledgling market really must cost a bomb. I know Binance is underwritten and a few other places, but most places and projects have no insurance cover or the proper security against an attack of this sort to protect their investors, so we really need to be careful where and how we invest in Crypto in general.

[JeffBrad12]

These hacks are getting out of hand simply because all these project and also exchanges seem to less invested into the security side. they need to realize that it's crypto and one security hole could lead to the destruction of their token. I just baffled to see that they seem to never learn about anything even if the hacking always occured. more hackers are targetting crypto because it's all vulnerable money and people need to put their concern and put security as highest priority.

[asriloni]

I ever heard that if nuls claimed to be the safest blockchain  but we know that right now if that is not more than another crap blockchain with so many vulnerabilities. If the developer can't create a solution to prevent the more vulnerabilities to be exploited by the scammer and I think the hacked cases will be remedy again next year.
Remember not so many blockchain platform know where is the problem that makes their blockchain can be hacked by the hackers.
that shows if the majority of blockchain developer is not competence especially when it comes to maintain the security system.

[wxa7115]

So, another hack at the end of 2019! The crypto never can come out from hackers, scammers and these are the main drawbacks of crypto! We started the year with the loss of an old crypto exchange which is Cryptopia and the year was full of hack incidents! I pray 2020 will be a positive year for the crypto lovers in every way where hack will be less to no more, BTC, ETH price will recover well and so on.

This is not only happening in the market of cryptocurrencies, this is happening everywhere, as we are relying more and more on digital communications it is obvious that hackers are going to find a bigger number of victims to which they can take advantage and when you add that very few people take their online security in a serious way this creates a huge problem.

The only way to reduce this is to take care of our online security as seriously as possible, this is not going to diminish the number of hackers and incidents like this but at least it is going to protect us from suffering the same fate.

[btc_angela]

Damn, we're almost at the end of the year but hackers are continuing their misdeeds but stealing almost half a million here. I guess everyone, including the devs, should look at their code so that there will be no exploits whatsoever so that they can prevent this happening in the future. They should do a test first on their code, before releasing it because hackers are always one step of the game and we don't want to hear this kind of news, specially at the end of the year.

[Juggy777]

Blockchain platform Nuls has lost almost $480,000 worth of NULS tokens due to a hack, according to a security update tweeted on Dec. 22.

In its tweet, Nuls said it had detected that 2 million tokens had been transferred, of which 548,354 tokens — worth roughly $131, 600 — had entered the trading market and were now untraceable.

https://cointelegraph.com/news/hackers-grab-nearly-480k-from-blockchain-platform-nuls?utm_source=Telegram&utm_medium=social

Will there be a remedy for the incessant hacks in 2020?

This is indeed sad news I hate it when I read such news about hacking, because it gives crypto’s a bad impression and due to this kind of news people prefer to stay away from crypto’s. @nanaimogold the answer is negative one cannot stop hackers because at times it’s an insider person who passes sensitive information to hackers, other times it’s poor security protocols that are exploited.

[zeze18]

Damn, we're almost at the end of the year but hackers are continuing their misdeeds but stealing almost half a million here. I guess everyone, including the devs, should look at their code so that there will be no exploits whatsoever so that they can prevent this happening in the future. They should do a test first on their code, before releasing it because hackers are always one step of the game and we don't want to hear this kind of news, specially at the end of the year.

Any code must be have the weakness and the hackers is usually really good at code breaking because they've tested many platforms and i'm sure if they able to took away almost half mils, they must be a group of people who doing the system penetration thousand times.

[Aabcde]

I think this will continue as long as the crypto world is still running. I don't really know if this is really a hack or just an issue that the developer made to obscure some money. It could also be to reduce the price of the coin so that there are some people who want to buy it at a low price. This is still very biased for me. What is clear, always be careful. It could be that one day hackers attack individuals instead of coin developers.

[sureshnsnet]

Again one more hacking incident happens in crypto and stolen worth of $480k nuls tokens and my point is how can the hacker target weak address and find the private keys, maybe in the coming days we can see more incident like this in crypto? or there is any way to stop this?

[Periodik]

Again one more hacking incident happens in crypto and stolen worth of $480k nuls tokens and my point is how can the hacker target weak address and find the private keys, maybe in the coming days we can see more incident like this in crypto? or there is any way to stop this?

There is no way to stop this. This has been happening ever since. The only way to stop this is if the security of rich wallets are so strong no hacker could penetrate ever, which is not possible at all. Thus no way to stop this. And security is always a race. Sometimes hackers beat the security system and they win raking huge sums of money.

[libert19]

Hackers and security systems are ever evolving, and usually hackers are the first who brings issue to the table, so in a way, security systems are dependent hackers.