Which Trading Exchange Platform Has Never Been Hacked ?

[alan2here]

I am only aware of KuCoin and Bittrex, they have a very strong security and have not heard of anything related to hack from those exchanges

I think that all cryptocurrency exchanges were subjected to hacker attacks and all exchanges thus lost cryptocurrency. It's just that if it's a small loss, no one tells us about it. For me, it is more important how the exchange behaves in relation to traders, whether it compensates for losses or not.

I agree with you. Any exchange has been hacked in the past, but that money is not worth everyone to know, so they choose to keep quiet and continue. I think for assets above 10 million USD, the small exchange will not be able to return because they do not have enough money to pay investors.

However, for big exchanges like Binance or Huobi, they have huge money and always have a backup fund if something goes wrong.

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[NotATether]

That's correct. As ordinary as DDOS is, most exchanges can still get attacked by it. That is why they undergo regular maintenance. I feel its not just about how secure an exchange is, but a matter or interest to hackers too because if they are keen, they will hover around waiting for the least secure moment to attack.

DDOS attacks usually don't cause a loss of funds to the customers of an exchange because they do not target the private keys but rather the network infrastructure of the exchange. It only causes inconvenience and downtime.

There is no guarantee that an exchange will not be hacked in the future because all exchanges are running similar technology stacks for which documented vulnerabilities are discovered, filed as CVEs and patched, or worse, the exchange is running outdated software. Whether that's true you'll never know because they don't disclose what software they are running.

[figmentofmyass]

coinbase's name has been peppered throughout this thread. supposedly they've never been hacked before, but an insider recently suggested otherwise.

Coinbase was once hacked and nobody knows about it, alleges author

Roberts explained on Unchained: “Coinbase likes to boast they’ve never been hacked—that’s not actually true.”

“In the early days when there were just five of them; Charlie Lee and Brian [Armstrong] and Fred Ehrsam, and a couple of other folks. One of their vendors did get in and rob their hot wallet to the tune of $250,000. I can’t remember how many Bitcoins it was at the time, but it was a lot,” said Roberts, adding, “This was a long time ago of course, this was 2013 or 2014.”

coinbase denies his claims:

Coinbase replied to Decrypt, "The account is inaccurate. I can share more off the record."

[rexxarofmoknathal]

Coinbase, Etoror, Ftx,Primexbt, Bitmex these are the ones I can think from the top of my head which I think have never been hacked at least thus far. Though, this may just be due to improved security or else no targeting attempted as hackers probz went for the lowest hanging fruit!

[alan2here]

Coinbase, Etoror, Ftx,Primexbt, Bitmex these are the ones I can think from the top of my head which I think have never been hacked at least thus far. Though, this may just be due to improved security or else no targeting attempted as hackers probz went for the lowest hanging fruit!

I'm not sure that because any exchange will have security holes and if it is a small sum they will not be public. Of course, if that exchange has lost more than $ 10 million, surely everyone in this market will know soon, so be careful before you deposit into the exchange.

I often use Huobi because this exchange is great for investing and is the largest exchange in the crypto market.

[spike420211]

On the one hand, exchanges that have never been hacked look more secure.
However, you need to understand that those exchanges that were subject to hacking subsequently eliminated their specific vulnerabilities, which cannot be said about their untouchable brothers.

[Dollar_Hunter]

I think all exchange platforms can be hacked, many exchange platforms have tried to protect their security systems,
and so far I think Binance, Coinbase and Bithumb are good exchanges in terms of security, hopefully they are even better

[LbtalkL]

Never been hacked exchange sounds good right, But I also like those exchanges that have been hacked but they have reimbursed the hacked amount to user's accounts. There is no perfect security but I like the Genuity of some exchanges when bad things happen some exchanges like Binance have insurance fund and they can easily reimburse any loss amount I heard they been hacked about 7000 BTC before. Some small exchanges that are experiencing it most likely going to shutdown.

[coinfinger]

You shouldn't be searching for everything in one exchange, they might have good Security but their fees will be high, you can't really have everything. As for exchanges that have never been hacked - there are many of them that have never been hacked, but if you check these and compare with the ones that are hacked, I don't see what can make these ones not to be hacked unless they will learn from others and upgrade their security.

Hackers usually target the big exchange that everyone always has in mind, maybe because they believe it's where they will get a huge amount of money. And being a big exchange means you will have a better security and everything that's needed to keep an exchange secure, but they still get hacked. But there's one exchange I saw on Forbes that goes by the name Nash, and they claim to have figured a way out for this problem by letting users be in control of their money until it's time to trade.