Is there any way to out of this insecurity?

[SARA ISLAM]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

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[Ryker1]

Well, can you please name that exchange platform that you have said that hacked. There are certain exchanges that have been hacked but everyone has been considered as totally lose and moving on. Perhaps you are choosing the wrong exchange, --just like what happened to finance exchange they hacked last year but they are able to return the traders fund that has been hacked through their SAPU wallet.
Well, just forget and move on if you have been scammed, but it sure that it won't happen by next time.

[dunfida]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

Just get used  to it since this isnt the only thing that would happen in the market in future years to come and if you've been  here on this place for a quite while now then you wont really have that kind of insecurity yet this is just like a typical stuff that can happen anytime where hacks, scams/frauds is the part of the ecosystem. Hackers are always  there no matter what market you get  involved into
as long it do involves money then expect that these kind of certain of events will happen.Dont worry about losing popularity because it is still far from reality.

[crzy]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

Hackers succeed to ruin the reputation of many exchanges and most of the hacked exchange are already closed and if its continue to happen in the future, then those exchanges are not worth it at all. To overcome this situation, don’t put too much money on exchanges instead put it on a wallet where you have a control. There’s a lot of scams before and fortunately, cryptocurrency is still good and continues to grow.

[The Sceptical Chymist]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers.

To be fair, some of the bigger incidents have been inside jobs (like Cryptsy and whatever the hell happened at Mt. Gox).  But I'm not arguing that some of these exchanges have sub-par security, and some of them (like Binance) have legitimately been hacked. 

None of that seems to be souring people's opinion about crypto, however.  Judging by the posts I've read here over the years, it's kind of become an accepted thing that exchanges should be assumed to not be secure unless they've been proven otherwise.  One piece of advice that's given the most on bitcointalk is to not keep funds on an exchange for long--and it's good advice indeed.  But none of that has kept people from being passionate about crypto, and I don't suspect it's going to be a problem even if we continue to see huge hacks on big exchanges (which we probably will).

I've also noticed that a lot of crypto enthusiasts tend to have a strong gambling instinct, so I'm sure a lot of them can tolerate the risk of losing their funds to an exchange hack--and a lot of them have, too.

[Kemarit]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

The first thing to do is let your crypto sit in your personal wallet that you have total control and learn how to secure it so that you can sleep well. And then educate yourself, how are hackers able to get those accounts?

(1) Never click on any suspicious links because it might contain a malware that will steal your information
(2) Used 2FA in specially in crypto exchanges, this is a must
(3) Used strong password
(4) Don't trust, verify
(5) Don't put all your coins in an exchange

[Twinkledoe]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

The first thing to do is let your crypto sit in your personal wallet that you have total control and learn how to secure it so that you can sleep well. And then educate yourself, how are hackers able to get those accounts?

(1) Never click on any suspicious links because it might contain a malware that will steal your information
(2) Used 2FA in specially in crypto exchanges, this is a must
(3) Used strong password
(4) Don't trust, verify
(5) Don't put all your coins in an exchange

Hackers will always find a way how to get a hold of the exchange or an account. So yes, those tips above will be of great help in avoiding those hackers. Having your own wallet and be cautious of what you are doing over the internet are just some of the few ways how to avoid being rekt.

[alani123]

If you merely use exchanges to buy and sell, and not keep your coins there for indefinite periods of time, then I think you're not exposed to much risk.
Don't use exchange as a bank, just use it for its utility. Then you can store funds in your own cold wallet for example and have the security of being your own bank.
Exchanges are sadly or not the best way to acquire bitcoin in terms of market price, and are especially necessary if one wants to buy large amounts of BTC at a time. But until we get fully decentralized exchanges, we can't have an exchange whose wallet client is also fully trustless, much like bitcoin always was.

[Latviand]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

That's the reason why government do not legalize cryptocurrency that easily due to some hacked exchanges and that's a serious issue.

You just need to become more careful and become responsible with your assets so that you will not become the next victim of those hackers. Criminals will not be completely eliminated so that using cryptocurrency is risky in some point. But in order to become confident in your assets, increase your security especially your bitcoin wallets and learn how to choose a reputable exchange where there's no history of getting hacked. Plus, choose an exchange that immediately fix the issue in their platform with an improved security so that you can become free from that insecurity that you are saying.

[mk4]

Look.

1. There are lots of money on exchanges.
2. If hackers manages to crack an exchange's security, they could potentially get away with it scot-free(if they know what they're doing).
3. Lots of uneducated people are leaving unnecessary amounts of money on exchanges.

Hence, based on those 3 facts alone, it's pretty safe to asswume that there will always be hackers trying to crack crypto exchanges. The risk:reward is just great.

The solution is pretty simple though. Learn how to hold your funds in self-custody. And of course, if you're trading, obviously you really need funds on exchanges. The solution:

1. Only leave the minimum amount of money you need for trading on exchanges.
2. Withdraw frequently.

[LUCKMCFLY]

No need to worry, there will always be vulnerabilities when it comes to money, what you need to focus on is the financial development that Bitcoin represents and cryptocurrencies in general. Don't be alarmed by page hacks, just keep security levels relevant to your wallets, exchanges so you can operate in total comfort.

All vulnerabilities are completely covered and repaired once they occur. The 2fa represents an additional layer of protection for your account, whenever possible it supports everything when there is the option.

[Strongkored]

Hacked events have happened long before crypto even became famous as it is today and you can see that crypto became even more famous. As long as you are still in the crypto world then you should be more concerned with the security of all your accounts from email, exchange and others, you must really maintain this security, but still there is still the possibility to be hacked but mistakes from other parties such as exchanges.

[cheezcarls]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

Insecurities will continue for a long while. Not all exchanges are safe for us to store our cryptocurrencies, because they can get compromised by advanced-minded hackers and intruders out there. The more it becomes secured, the higher chance that hackers and intruders can counterattack.

This is why it is not a good idea to store cryptocurrencies in exchanges. It’s definitely good for trading purposes, but transaction fees is something you had to deal with every time you transfer it to wallet and to exchange, vice versa.

There is no such thing as “safe and secure’ exchange right now, even Binance isn’t exempted of it.

[Assface16678]

I think to avoid getting trouble with the exchanges you want to use it is better if you are trying to use the old one which is popular and gained a lot of reputation into the world of exchanges because they already know about the possible outcome on the world of trading.

Still even the highest known exchange experience some data breaches and hacking but still it's on security that's why you need to find which is a good platform to go with.

Hacked events have happened long before crypto even became famous as it is today and you can see that crypto became even more famous. As long as you are still in the crypto world then you should be more concerned with the security of all your accounts from email, exchange and others, you must really maintain this security, but still there is still the possibility to be hacked but mistakes from other parties such as exchanges.

Even the secured platform has a hole on their system that could possible go and attached with the hackers just to get the information and trying to scam the whole management but still its them to make it secured no matter what happen to be a good on the world platform.

[maydna]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

No, there will be no way out of that insecurity, but you can prevent that by activating the security that is available on every exchange. You don't have to feel paranoid because of the hackers, and I suggest you follow every instruction from the exchanges to secure your account. By doing that, I am sure your account will be safe from the hacker, although that is not guaranteed to get 100% safety because we live on the internet, and we can get hacked anytime.

Cryptocurrency will not lose popularity because people will have time to secure every account they have in the exchanges or on other websites. The important thing is you can activate 2FA, email confirmation, text message confirmation that is available on the exchange, and I think that is enough to cover you from the hackers.

[Gozie51]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

The first thing to do is let your crypto sit in your personal wallet that you have total control and learn how to secure it so that you can sleep well. And then educate yourself, how are hackers able to get those accounts?

(1) Never click on any suspicious links because it might contain a malware that will steal your information
(2) Used 2FA in specially in crypto exchanges, this is a must
(3) Used strong password
(4) Don't trust, verify
(5) Don't put all your coins in an exchange

Above all the good points above, if you want to trade, don't transfer all your coins at once from your personal wallet to the exchange wallet because this is risky especially if the exchange is not reputable.

[ashmodeus]

well,everything started by human weakness,when u got hacked by phising,You've contributed directly to hackers to steal information from the system.Then we move the the part two,system weakness,after the hacker get some information,they needs to capitalize on that mistake – using exploits and malware to gain and expand access to the system.The use of exploits allows the attacker to leverage a flaw in the system to gain access. Last part is the Implementation Weakness.No matter how good u to secure ur account,when the implementation of software is deficient,it will be useless.That why binance claim the attackers was able to overcome two-factor authentication (2FA) when binance hacked last year.
So what the point of this ? of course yourself,no matter how secure that exchange,how high the reputation of that exchange,if u dummy,its will become easy for hacker to penetrating the system,maybe,the security system will response immediately about a few phising attack,but how about a lot of attack ?
Maybe system can easly block direct attack to the system,but how about that attack come from user which it already controlled by hacker ?
Always becarefull and smart is more than enough to secure exchange u use it.

[carlfebz2]

Over the past few years, I have been horrified by the way accounts of various exchanges and crypto-related websites and individuals have been hacked by hackers. Is there any way to out of this insecurity? I think cryptocurrency will lose popularity if it continues like this, share your ideas on what can be done to overcome this situation.

This had been the norm and can possibly happen anytime because exchange platform are one of the best place on where hacker can get tons of money.
When you are minding that much about security specially with exchangers then the best thing you can do is not to leave your funds for too long.

Primary mistake of some is that they do leave huge amounts and when hacked do happen or even the exchange itself do make some lockdown or exit scammed
then youre doomed.

Always set out that kind of mindset because no matter how reputable or known the platform is, you cant be sure on when they would be hacked nor exit scammed.

[bitterguy28]

Hacked events have happened long before crypto even became famous as it is today and you can see that crypto became even more famous.

Hackers exist long way and keep moving alongside this industry, the only thing you can do from this hackers is to keep your guard always up.

 Learning everything and try to keep being well informed.

As long as you are still in the crypto world then you should be more concerned with the security of all your accounts from email, exchange and others, you must really maintain this security, but still there is still the possibility to be hacked but mistakes from other parties such as exchanges.

That's unavoidable, mistakes or some inside ob might take placed even you did try everything from your part.  You just need to face this fear in order for

you to keep moving forward from this business.

[ChiBitCTy]

It isn't just cryptocurrency websites that get hacked, so do keep that in mind.  I recently learned about getting pwned and looked up all my emails and I had been pwned at least 3-4 times for each email.  LinkedIn for example screwed me by allowing themselves to be hacked.  I think as time goes on however, this is something that will only continue to get "tighter" and less and less of this will be seen.