Bitcoin Forum
June 22, 2024, 11:38:28 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Hotbit crypto exchange has been hacked  (Read 236 times)
btc_angela (OP)
Hero Member
*****
Offline Offline

Activity: 2646
Merit: 549



View Profile
May 02, 2021, 01:17:36 PM
Merited by Halab (2), DdmrDdmr (2), Yaunfitda (1), Baofeng (1), cryptomaniac_xxx (1)
 #1

Not sure if this has been reported in our community, but according to Hotbit's official twitter account:



https://twitter.com/Hotbit_news/status/1388115394271932417

Quote
Currently our work consists of the following two sections:

    Considering the fact that Hotbit is about to exceed 2 million registered users and has a huge service system architecture of more than 200 servers online, in order to ensure  security, Hotbit team will completely rebuild all servers;

    The attacker maliciously deleted the user database after failing to obtain assets. Although the database is routinely backed up , we are still uncertain whether the attacker has poluted data or not before the attack. . Therefore, we also need to conduct a comprehensive inspection of the overall data. Once any anomaly is detected, we will perform an accurate reconstruction to ensure that all user data is accurate.

Therefore, these two sections of work will consume a lot of time. We initially expect that the recovery period will last about 7-14 days. The estimated time of recovery will be more as all things going on, and we will update our latest progress in Hotbit communities as well.

https://hotbit.zendesk.com/hc/en-us/articles/1500008915521-

I know that this is not in the top 10 as far as exchanges goes, but they said they have 2 millions users affected by this attack. Their hot wallet is safe according to them but the hackers manage to delete their databases.

So if you have an account on this exchange, better follow their official twitter account.

Another lessons, "not your keys, not your coins" adage.

███████████████████████
████████████████████
██████████████████
████████████████████
███▀▀▀█████████████████
███▄▄▄█████████████████
██████████████████████
██████████████████████
███████████████████████
█████████████████████
███████████████████
███████████████
████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
█████████▀▀██▀██▀▀█████████
█████████████▄█████████████
███████████████████████
████████████████████████
████████████▄█▄█████████
████████▀▀███████████
██████████████████
▀███████████████████▀
▀███████████████▀
█████████████████████████
O F F I C I A L   P A R T N E R S
▬▬▬▬▬▬▬▬▬▬
ASTON VILLA FC
BURNLEY FC
BK8?.
..PLAY NOW..
Oshosondy
Legendary
*
Offline Offline

Activity: 1484
Merit: 1146


Gamble responsibly


View Profile
May 02, 2021, 01:56:33 PM
 #2

https://bitcointalk.org/index.php?topic=5334278.msg56904573#msg56904573

That is one of the recent report about Hotbit crypto exchange hack that happened recently, but I just did not only focused it on the exchange because it can happen to any other exchange, even binance has been hacked before in the past.

It is good to just not leave coins on exchanges if we are not trading, many users information were exposed which is very annoying but it has now been usual occurrences these days but most people are very ignorant of how data breach can be very dangerous. It is better to be protect ourselves from the world by using noncustodial wallets which will not require our information.

██
██
██
██
██
██
██
██
██
██
██
██
██
... LIVECASINO.io    Play Live Games with up to 20% cashback!...██
██
██
██
██
██
██
██
██
██
██
██
██
Yogee
Sr. Member
****
Offline Offline

Activity: 1554
Merit: 412


View Profile
May 02, 2021, 02:21:31 PM
 #3


I know that this is not in the top 10 as far as exchanges goes, but they said they have 2 millions users affected by this attack. Their hot wallet is safe according to them but the hackers manage to delete their databases.
It is a popular destination for mid and low cap DeFi  tokens or NFT so the number is not surprising. The attackers are most likely waiting for Hotbit to resume operation again and try to exploit possible holes from rebuilding their database.
Furious 7
Hero Member
*****
Offline Offline

Activity: 2898
Merit: 674


https://duelbits.com/


View Profile
May 02, 2021, 02:40:55 PM
 #4

Hotbit said that the user's assets are still safe, it's just that the database is lost so I think it will take some time to restore it, but what about those people who are worried about their assets so much there, there must be a guarantee that they will be able to restore it.
I'm still lucky because before the hack happened I made a $700 withdrawal before and I secured this in my cold wallet to stay away from things like this so I think this hack was triggered because of the weak security of the Hotbit.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄
███░░░░███░░░░███
░░░░░░░░░░░░░
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░░░░███▄█░░░
░░██▌░░███░▀░░██▌
█░██░░███░░░██
█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀
.
REGIONAL
SPONSOR
███▀██▀███▀█▀▀▀▀██▀▀▀██
██░▀░██░█░███░▀██░███▄█
█▄███▄██▄████▄████▄▄▄██
██▀ ▀███▀▀░▀██▀▀▀██████
███▄███░▄▀██████▀█▀█▀▀█
████▀▀██▄▀█████▄█▀███▄█
███▄▄▄████████▄█▄▀█████
███▀▀▀████████████▄▀███
███▄░▄█▀▀▀██████▀▀▀▄███
███████▄██▄▌████▀▀█████
▀██▄█████▄█▄▄▄██▄████▀
▀▀██████████▄▄███▀▀
▀▀▀▀█▀▀▀▀
.
EUROPEAN
BETTING
PARTNER
aioc
Hero Member
*****
Offline Offline

Activity: 2940
Merit: 567



View Profile
May 02, 2021, 02:48:17 PM
 #5



I know that this is not in the top 10 as far as exchanges goes, but they said they have 2 millions users affected by this attack. Their hot wallet is safe according to them but the hackers manage to delete their databases.

So if you have an account on this exchange, better follow their official twitter account.

Another lessons, "not your keys, not your coins" adage.

They should have a copy of their database this is an exchange or their web host can provide a copy, they can restore it and hopefully, things will be ok since all funds are safe, with 2 million users and they are just starting to build their reputation they should make the restoration as fast as possible and should update their users in a daily basis.

Beparanf
Hero Member
*****
Offline Offline

Activity: 2800
Merit: 766


Burpaaa


View Profile
May 02, 2021, 02:49:06 PM
 #6

Hotbit is famous for faking volumes on there exchange so I doubt that they had indeed 2M user registered on there exchange. I use that exchange for some coin that still not listed on Big exchange but besides that, I will not put my money on that exchange since there security is not that strong and I wonder if they have some insurance incase user funds hack.

.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK   
          100%   MULTICHARGER   
Furious 7
Hero Member
*****
Offline Offline

Activity: 2898
Merit: 674


https://duelbits.com/


View Profile
May 02, 2021, 02:51:17 PM
 #7


I know that this is not in the top 10 as far as exchanges goes, but they said they have 2 millions users affected by this attack. Their hot wallet is safe according to them but the hackers manage to delete their databases.
It is a popular destination for mid and low cap DeFi  tokens or NFT so the number is not surprising. The attackers are most likely waiting for Hotbit to resume operation again and try to exploit possible holes from rebuilding their database.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄
███░░░░███░░░░███
░░░░░░░░░░░░░
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░░░░███▄█░░░
░░██▌░░███░▀░░██▌
█░██░░███░░░██
█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀
.
REGIONAL
SPONSOR
███▀██▀███▀█▀▀▀▀██▀▀▀██
██░▀░██░█░███░▀██░███▄█
█▄███▄██▄████▄████▄▄▄██
██▀ ▀███▀▀░▀██▀▀▀██████
███▄███░▄▀██████▀█▀█▀▀█
████▀▀██▄▀█████▄█▀███▄█
███▄▄▄████████▄█▄▀█████
███▀▀▀████████████▄▀███
███▄░▄█▀▀▀██████▀▀▀▄███
███████▄██▄▌████▀▀█████
▀██▄█████▄█▄▄▄██▄████▀
▀▀██████████▄▄███▀▀
▀▀▀▀█▀▀▀▀
.
EUROPEAN
BETTING
PARTNER
BIT-BENDER
Hero Member
*****
Offline Offline

Activity: 1568
Merit: 705


View Profile
May 02, 2021, 02:56:04 PM
 #8

I see many Newbies not understandings that they should not depend on exchanges to house the coin, I think the amount of Newbies saving their coins on exchange like Binance are more than the Newbies saving their coins in a private wallet of theirs

Exchanges are a public company and every time are in the Target range of hackers/fraudster, this attack's might be defended by the exchange, still now and then they get defeated, and also exchange negligence.
jossiel
Hero Member
*****
Offline Offline

Activity: 3024
Merit: 632


casinosblockchain.io


View Profile
May 02, 2021, 07:44:54 PM
 #9

Never used hotbit but if they have that much affected users and the funds are safe, they should remind all of their users that they have to change password.

The hacker won't just delete a database, they can take it before deleting it so they should remind their users that if some unknown and suspicious email comes to them, ignore it.

cryptomaniac_xxx
Hero Member
*****
Offline Offline

Activity: 1540
Merit: 575


View Profile
May 03, 2021, 08:12:15 AM
 #10

The hacker won't just delete a database, they can take it before deleting it so they should remind their users that if some unknown and suspicious email comes to them, ignore it.
Exactly, I don't think that the hackers will simply delete the database, perhaps they got a copy of it first and then deleted it later. Why they want to get a copy? simply because this criminals can sell this underground, KYC's and all of the stuff and they can used all those accounts to send email with crypto phishing. Win win for them. So stay tune, we might here in the next two weeks of crypto users getting lots of phishing email from this breach.
tranthidung
Legendary
*
Offline Offline

Activity: 2310
Merit: 4090


Farewell o_e_l_e_o


View Profile WWW
May 03, 2021, 10:25:44 AM
 #11

So far so good and I, of course, wish that Hotbit will be back to their normal operations with fully functions and funds of customers all are in safe.

Fortunately for people who store their crypto in Hotbit accounts but please take this accident to learn something.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
Fortify
Legendary
*
Offline Offline

Activity: 2702
Merit: 1193



View Profile
May 03, 2021, 03:06:49 PM
 #12

Not sure if this has been reported in our community, but according to Hotbit's official twitter account

I know that this is not in the top 10 as far as exchanges goes, but they said they have 2 millions users affected by this attack. Their hot wallet is safe according to them but the hackers manage to delete their databases.

So if you have an account on this exchange, better follow their official twitter account.

Another lessons, "not your keys, not your coins" adage.

Ouch, sounds like they're going to be targeted for some sort of extortion attack. Hopefully they have recent backups that are stored safely away and have not been corrupted by the attackers. The attackers probably want to sell the databases back to them because they will be critical to identifying the balance that is attributed to each user account. I would definitely not feel comfortable storing any large amounts of Bitcoin at a single exchange, they are just far too vulnerable and it only takes one tiny crack to cause billions in damage. If you have a large amount of Bitcoin and don't want to store it in your own wallets, at least spread them out between the top 2-3 exchanges for more peace of mind. As we see companies like Coinbase and soon Binance attain stock market listings, these sort of attacks could create far greater ripple effects in future - enough to cause far greater regulation.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|
██░░░░░░░░░░░░░░░░░░░░░░██
▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀
▄▄███░░░░░░░░░░░░░░███▄▄
▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀
▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄
█░▄▄▄██████▄▄▄░█
█░▀▀████████▀▀░█
█░█▀▄▄▄▄▄▄▄▄██░█
█░█▀████████░█
█░█░██████░█
▀▄▀▄███▀▄▀
▄▀▄
▀▄▄▄▄▀▄▀▄
██▀░░░░░░░░▀██
||.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
FAZE CLAN
SSC NAPOLI
|
Onuohakk
Member
**
Offline Offline

Activity: 672
Merit: 29


View Profile
May 03, 2021, 11:26:06 PM
 #13

Hackers are the main reasons why I don't keep my assets on the exchange. I prefer withdrawing my assets from exchange to my wallet to avoid stories like this.
Cryptosphere generally is not safe again because of the hackers and scammers hovering around the space.
Nobody knows what are their plans now towards Hotbit or which other exchange will they attack

|   Facebook   |     Twitter     |                    R A N G E R S                    |    Discord    |    Medium    |
|    Telegram    |                    ─────     PROTOCOL     ─────                    |    Gitbook    |
████  ███  ██  █          VIRTUAL WORLDS BLOCKCHAIN INFRASTRUCTURE          █  ██  ███  ████
stompix
Legendary
*
Offline Offline

Activity: 2926
Merit: 6412


Blackjack.fun


View Profile
May 03, 2021, 11:45:38 PM
 #14

Hotbit is famous for faking volumes on there exchange so I doubt that they had indeed 2M user registered on there exchange.

Registered users!That doesn't mean users with a balance and users that actively trade there.
And even if we would consider those even a  guy trading 5 satoshi worth of shitcoins once a year would still be a user.

Hotbit is a destination for last resort dumping of coins that aren't traded anywhere else and usually, the ones doing that instantly convert to a more serious coin and withdraw it immediately, so the number of actual coins held in cold storage by them could be disproportionately lower than other exchange who claim the same volumes.

Quote
The attacker maliciously deleted the user database after failing to obtain assets.
~Although the database is routinely backed up

So basically what happened before the deletion and the back-up is gone! Nice job figuring this mess from now on.

Simply because this criminals can sell this underground, KYC's and all of the stuff and they can used all those accounts to send email with crypto phishing. Win win for them. So stay tune, we might here in the next two weeks of crypto users getting lots of phishing email from this breach.

Email phishing would be the last concern of users that have gone through all those checks.
If they had the level of access to allow them to delete a database it's highly probably they've got control over all the servers and not just lines in the DB actually KYC submitted files. Those exchanges are usually so lazy or spend so little in securing those not even mentioning using a 3rd party as they can't afford one so it shouldn't surprise anyone if their documents are now used to open accounts on god knows what website right now.
And don't forget, they have your balance and your real-life address, for someone in the US and Europe might bot be a problem but in other countries  with no laws and insane crime rate that might be something really concerning



.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
jossiel
Hero Member
*****
Offline Offline

Activity: 3024
Merit: 632


casinosblockchain.io


View Profile
May 04, 2021, 02:49:45 PM
 #15

The hacker won't just delete a database, they can take it before deleting it so they should remind their users that if some unknown and suspicious email comes to them, ignore it.
Exactly, I don't think that the hackers will simply delete the database, perhaps they got a copy of it first and then deleted it later. Why they want to get a copy? simply because this criminals can sell this underground, KYC's and all of the stuff and they can used all those accounts to send email with crypto phishing. Win win for them. So stay tune, we might here in the next two weeks of crypto users getting lots of phishing email from this breach.
Yes, they can sell that afterward in different underground marketplaces.

If it's containing a huge database with verified customers of hotbit, then that's a big issue which shall give some trust issues against hotbit. And a simple reminder and not giving an egoed statement that everything is fine although it's not.

tranthidung
Legendary
*
Offline Offline

Activity: 2310
Merit: 4090


Farewell o_e_l_e_o


View Profile WWW
May 04, 2021, 03:53:04 PM
 #16

Yes, they can sell that afterward in different underground marketplaces.
Exchange hacks are always bad. If significant funds are stolen, exchanges will face with harmful losses and they will end up with two endings.
  • Compensation: Pay hacked-funds for customers, at once or gradually prospective.
    • They often refund for customers prospectively with trading fees in the same time they earn from customers on their exchanges.
    • They don't lose anything, simply sacrifice earnings in a few months whilst spend funds from their pockets to pay for staffs, operational, maintenance, security and other costs.
  • They end with exchange shutdown or scam exit. If the hacked exchange is a new or small one, it will be most common ending.

Quote
If it's containing a huge database with verified customers of hotbit, then that's a big issue which shall give some trust issues against hotbit. And a simple reminder and not giving an egoed statement that everything is fine although it's not.
Database and personal identity documents can be sold and compromised in dark market. I often try to not submit my documents for KYC as much as I can.

If I want to buy a coin, I will look at Market/ Exchange list, and choose the best exchange without KYC from the list. When I finish my accumulation, I withdraw all coins to my computer wallet. Just in case, hack occurs, data breach occurs, etc.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
Marvelman
Full Member
***
Offline Offline

Activity: 1008
Merit: 138


★Bitvest.io★ Play Plinko or Invest!


View Profile
May 04, 2021, 07:29:00 PM
Merited by tranthidung (1)
 #17

Database and personal identity documents can be sold and compromised in dark market. I often try to not submit my documents for KYC as much as I can.

If I want to buy a coin, I will look at Market/ Exchange list, and choose the best exchange without KYC from the list. When I finish my accumulation, I withdraw all coins to my computer wallet. Just in case, hack occurs, data breach occurs, etc.

I, like you, avoid sharing personal information unless absolutely necessary. You can never be certain where your data will end up. There's a feeling the Internet knows a lot more about me than I'd like to admit.

Using Ledger as an example, we can see how easy it is to hack all of these so called "secure" databases and steal users' personal information, and Ledger was and continues to be a very serious business.

dansus021
Copper Member
Hero Member
*****
Offline Offline

Activity: 2044
Merit: 942


Part of AOBT - English Translator to Indonesia


View Profile WWW
May 05, 2021, 06:03:12 AM
 #18

crypto exchange hacked always be bad news for cryptoindustry especially bitcoin hotbit is also good i withdraw on there 300$+ smooth transcation but yeah the website kinda laggy

year ago there's exchange from china QBTC and ended scam

i just recently saw the tweet https://twitter.com/Hotbit_news/status/1389785746429517826

"May 5th, 2021
02:30 AM UTC  Finished the recovery of historical backup data, starting to conduct the reconstruction and recovery process of all data generated between backup point and the time point that the hacking attack occurred."

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
jossiel
Hero Member
*****
Offline Offline

Activity: 3024
Merit: 632


casinosblockchain.io


View Profile
May 05, 2021, 10:38:34 AM
 #19

Yes, they can sell that afterward in different underground marketplaces.
Exchange hacks are always bad. If significant funds are stolen, exchanges will face with harmful losses and they will end up with two endings.
  • Compensation: Pay hacked-funds for customers, at once or gradually prospective.
    • They often refund for customers prospectively with trading fees in the same time they earn from customers on their exchanges.
    • They don't lose anything, simply sacrifice earnings in a few months whilst spend funds from their pockets to pay for staffs, operational, maintenance, security and other costs.
  • They end with exchange shutdown or scam exit. If the hacked exchange is a new or small one, it will be most common ending.
It's a different case with hotbit as per reports that we've seen, it's about their database that has been taken by the hackers which are also vital. I think it will cost them more if those are the information by them and as well as their customers.

Quote
If it's containing a huge database with verified customers of hotbit, then that's a big issue which shall give some trust issues against hotbit. And a simple reminder and not giving an egoed statement that everything is fine although it's not.
Database and personal identity documents can be sold and compromised in dark market. I often try to not submit my documents for KYC as much as I can.

If I want to buy a coin, I will look at Market/ Exchange list, and choose the best exchange without KYC from the list. When I finish my accumulation, I withdraw all coins to my computer wallet. Just in case, hack occurs, data breach occurs, etc.
I also choose not to pass KYC but if I've got no option but I trust the exchange, that's no problem to me but in this case, I wouldn't probably do it on hotbit and the same exchanges.

UserU
Hero Member
*****
Offline Offline

Activity: 2072
Merit: 532


FREE passive income eBook @ tinyurl.com/PIA10


View Profile WWW
May 05, 2021, 01:25:38 PM
 #20

Found this from a CoinTelegraph article:

"According to the Hotbit announcement, the maintenance will last for at least seven days with reports that the investigation and system upgrade could take as long as two weeks."

Oh boy... 2 weeks is definitely not gonna sit well with the masses.

.
.500 CASINO.██

  ▄

.
THE HOTTEST CRYPTO
CASINO & SPORTSBOOK
         ▄▄▄███████████
 ▄▄▄████████████████

▐████████████████████
 ██████████████████
 ▐██████████████████
 ▐█████████████████
  ██████████████████
  ██████▀█████▀█████
  ▐████████████████
  ▐██████████████
   █████████████████
   ▐██████████████████
    ▀██████▀▀▀▀▀▀   ▀▀▀█
▄▄▄▀▀▀▀▀▀▀▄▄▄
▄▄▀▀▄ ▄ ▀ ▀ ▀ ▄ ▄▀▀▄▄
▄▀▄ ▀               ▀ ▄▀▄
█ ▄                     ▄ █
█ ▄  █████  ▄███▄  ▄███▄  ▄ █
█ ▄   ██▄▄   ██ ██  ██ ██   ▄ █
█ ▄   ▀▀▀██  ██ ██  ██ ██   ▄ █
█ ▄   ▄▄ ██  ██ ██  ██ ██   ▄ █
█ ▄  ▀███▀  ▀███▀  ▀███▀  ▄ █
█ ▄                     ▄ █
▀▄ ▀ ▄             ▄ ▀ ▄▀
▀▀▄▄ ▀ ▄ ▄ ▄ ▄ ▀ ▄▄▀▀
▀▀▀▄▄▄▄▄▄▄▀▀▀

▄▄▄██████████▄▄▄
████████▀██▀▀██▄▄
 █
█████████████████▄
 █
████████████████████
  █
██▄████▄███████▄███
  █
████████████████████
  █
███▀████▀███████▀███
 █
████████████████████
 █
█████████████████▀
█████████▄██▄▄██▀▀
 ▀▀▀██████████▀▀▀

ORIGINALS

SLOTS

LIVE GAMES

SPORTSBOOK



.
██..PLAY NOW..
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!