Not all hacked on exchanges are real

[Ifemini]

The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

It is hard to determine which is a true hack or which was a planned / coordinated / man made hack by which separate exchange platform use as excuse to exit scam. Either true or fake, this lay more emphasis on why you should not keep or store your assets on centralized platforms. Get yourself a paper wallet; move your funds, trade, take profits, move them back to wallet after trade, rinse and repeat. The blockchain has zero emotions, so ensure you do the right things

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[mdzahed134]

The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

It is hard to determine which is a true hack or which was a planned / coordinated / man made hack by which separate exchange platform use as excuse to exit scam. Either true or fake, this lay more emphasis on why you should not keep or store your assets on centralized platforms. Get yourself a paper wallet; move your funds, trade, take profits, move them back to wallet after trade, rinse and repeat. The blockchain has zero emotions, so ensure you do the right things

I agreed with you, we shouldn’t hold any tokens in the centralized exchanges (even if which is top exchanges), because cex can be hacked at any time and exchange will not able to refund your money, though after a few big exchanges hacked they refunded their users money from their own fund as like Binance but mostly exchanges aren’t able to recover.

[Reid]

I believe it does happen but the problem is we don't have proof to back it up. It's all just speculation.
It happens, not even a rare thing. If an exchange want or a centralized wallet want out they can make reasons to do it in an evil way. But they are questioned when they do it, they cannot just get away easily especially if they have an office in a country that is strict with this kind of rules. i.e. Singapore.
Why? Admitting Bankruptcy will make them lose more instead of gaining while trying to get away with a reason of being hacked may give them a profitable chance.

[BitKongy]

We will never know the truth even if such is happening underneath, I am standing on the fact that I get my money or assets back if a hack takes place on the exchange that I am currently using, other problems is none of my business, this is why I trust binance exchange even more.

[alik111]

This is true that all the hacking on exchanges aren't real. Because sometimes when they think about stealing funds or when any project want to scam they announce that they have been hacked. Its a trap from scammers.

[TopT3ns]

I think that cases of assets being stolen from exchanges have become a common thing in the public and are not a public secret anymore because until now there are still many people who are affected by cases like this because perhaps it is from the exchange that it is starting to look difficult to make withdrawals or find it difficult to get them. access. So in my opinion the safest place to store your assets for a very long time then you can use a trust wallet, blockchain or other wallet that you can monitor at any time.

[max6575]

hindsight bias.


as exchange manager works on manipulation of data and information there laid of identification with the investors/trader opinion, voting behavior with the reference of structural and cultural study with investors absence, and more of different interest group as working on appeals as measuring phenomenon with the field of business of the crypto finance.

that manager might gives of message of anchoring on returns with the consequence as public might believes the intelligence on release from the fundamental institution to gives with the consequence on public of investors as moving on direction with the initials as they finished with the study.

[Silberman]

The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

This is something that I have always suspected, without a doubt hackers are very capable of stealing from centralized exchanges or from coins which have holes on their smart contract, however it is also very possible that a number of those supposed hacks were instead inside jobs so the developers could blame someone else while at the same time they try to appear as the victims when they are the perpetrators of the crime, however it is not possible to know how frequently something like this happens and we can only speculate about how common something like this really is.

[el kaka22]

OP didn't say "all" hacked exchanges are fake, of course there are some which are true and I am sure OP is not against that. The fact however stands that some of them are fake, and some of them just take your money and say that they were hacked and get away.

These days it's hard to be a brand new exchange, between all the known and preferred places being at the top and picked by everyone, plus the DEX places called swaps that get no trust required at all, it's rare to see exchanges exit scam but it's still there. Hell, we literally had a netflix docuseries regarding this topic as well, some exchange which suddenly kept everyone's money because owner "died".

[sunsilk]

The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

Yeah, that's our speculation that there's an inside job.

But there's no need to think about it if the exchange has been dropped off a lot with their losses through that breach. And why would another exchange will help a hack, a loss that has happened to the others?

They should be prepared to any possibility if it's related to their funds. They should have a safe for which they will use upon experiencing it but hopefully, won't happen to all of them.

[yazher]

The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

Some rumors said that the hacking incident in Binance years ago was part of the plan to execute their way of recovering their client funds and make everyone invest in them at ease without worrying about their funds getting hacked anymore. So Yes! things like that in crypto exchanges are happening and there are some exchanges that fake their hacking incident to disappear and run away along with the funds of their users. That's why everyone is recommending us to buy our own hard wallet to meet our crypto assets safe with us.

[BIT-BENDER]

We could keep arguing wether if a hack on an exchange is real or not, but it won't change a thing because millions of people has felt the wrath of being affected when an exchange got hacked. Well, if they have stuck to the rules all these would not have happened.
 As a Crypto enthusiast or someone into Crypto, you will know it's not wise to keep your funds in an exchange wallet, rather is best to put all your funds in your personal exchange where you have your own private security on it

[Marvelman]

Of course, like everything in crypto these things can happen, but I would rather be safe and not have anything happen to my own coins. This is more in terms of security because I feel like it can happen with exchanges and their crypto wallets. No matter what anyone will say I still don't have confidence in these large exchanges and would rather have my own wallet that I can control my funds.

[CaVO32]

Of course, like everything in crypto these things can happen, but I would rather be safe and not have anything happen to my own coins. This is more in terms of security because I feel like it can happen with exchanges and their crypto wallets. No matter what anyone will say I still don't have confidence in these large exchanges and would rather have my own wallet that I can control my funds.

Let us put it this way. The possibility of this scenario is always there. So it is up to you as a holder to take care of your funds. Because these exchanges have their priorities on how to take care of their business and not to lose it. Hacking, inside job or not, is still a dilemma of most crypto users upon using an exchange. This is why some prefer to use DEX as much as possible. But most of the time, we can't avoid using centralized exchanges because they have services that DEX can't offer.

[Issa56]

Seriously you might be right, but I believe most of the exchange that will be claiming they have been hacked, which the hack is from inside will be probably exchange that don't really have reputation, those are the exchange that just want to steal from their customers that's why whenever you are using a exchange always make sure you are making use of reputable exhange to avoid things like this.

[nurilham]

The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

Seriously?
Do you speak this without any proof?
You cannot accuse like this dude. at least, give us make sense reasons why they should be like this because exchange hack will also decrease the trust and reputation of the exchange itself, especially relate to the security system
How can they risk this by making fake hack?

[Ararbermas]

The perfect theft in crypto is claiming that a project or an exchange is hacked when its all an inside job, the reason why I think about this is I have never heard about other top exchanges helping a exchange that just got hacked to track their funds and get some back at least but if it's a sole hacker from outside they will track him or them down, why is that?.

yep i do believe as well, especially those exchanges that has low rating and doesn't have a good feedback , surely it quite skeptical if there's such issue exist because you don't know if there's a chance to recover your funds afterwards.
That's why i prefer to use which is most secured and trusted platform just to prevent such issue. not your key not your coin, so much better to choose which is better to assure everything is in a safe hand IMO.

[TribalBob]

actually no one really knows who is the mastermind behind the hack, but from the conclusions I read from the opinions here, the exchange party will definitely seek the truth if it is an insider / outsider who did it
and hacking is often used as an excuse for the exchange when the token value goes up 100% and even more so that there is an improvement

[zonefloor]

I absolutely agree with this view. In general, exchange platforms are either hacked with the help of insiders or hacked by outsiders. In hack attacks by foreigners, most of the exchange platforms already cover the losses of their investors if there is a problem caused by them. Also, some of the exchange platforms can say that they are exposed to hack attacks when they want to take their investments and escape. In other words, they are stealing the investors' money and they are closing their sites completely, saying that our site was hacked and we are online a few days later.

[Devifajarina]

actually no one really knows who is the mastermind behind the hack, but from the conclusions I read from the opinions here, the exchange party will definitely seek the truth if it is an insider / outsider who did it
and hacking is often used as an excuse for the exchange when the token value goes up 100% and even more so that there is an improvement

Even if it is true that this is done by hackers in carrying out hackers, it may be very difficult to reveal who is behind all of this, unlike if this is done by insiders, it must be very easy to find the perpetrators who carried out hackers, because after all access to enter the system is very dependent on the command. given, a hacker doesn't easily hack if not given access as a notification, there are definitely controls that can be turned off if this happens by an outsider