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Author Topic: Can bitcoin be stolen?  (Read 1455 times)
Darker45
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February 03, 2024, 03:52:22 AM
 #41

As long as you own the keys and only you have access to them, it is impossible for your bitcoins to be "stolen" or "seized".

I disagree here:

Bitcoin is basicly a specific type of electronic data, you need a computer to interact with Bitcoin. So if your computer is infected with some malware that sends your Bitcoin details to a thief your Bitcoins are gone.

Just an example: Some Hacker buy rights for popular software from developers with a very good reputation, then make an updated version and  include some malware that is able to access your bitcoin information, maybe from the clipboard, and Bye Bye your bitcoins..... So everytime you update any software you have this risk....

So forget "impossible" it is more or less easy to steal your Bitcoin....

There might always be risks, so impossible may be too much of a description but "more or less easy to steal your Bitcoin"? I guess that's as absurd as impossible. That's the other extreme.

Although there is probably a way to steal Bitcoin even from air-gapped wallets-- researchers from Ben Gurion University finds it possible to steal data from air-gapped wallets through many ways like electromagnetic, ultrasonic waves, light, heat, and so on-- if it is "more or less easy to steal your Bitcoin", we would all have been stealing each other's Bitcoin today.

Impossible and "more or less easy" are both exaggerations.

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February 03, 2024, 04:00:21 AM
 #42

As long as you own the keys and only you have access to them, it is impossible for your bitcoins to be "stolen" or "seized".

I disagree here:

Bitcoin is basicly a specific type of electronic data, you need a computer to interact with Bitcoin. So if your computer is infected with some malware that sends your Bitcoin details to a thief your Bitcoins are gone.

Just an example: Some Hacker buy rights for popular software from developers with a very good reputation, then make an updated version and  include some malware that is able to access your bitcoin information, maybe from the clipboard, and Bye Bye your bitcoins..... So everytime you update any software you have this risk....

So forget "impossible" it is more or less easy to steal your Bitcoin....

There might always be risks, so impossible may be too much of a description but "more or less easy to steal your Bitcoin"? I guess that's as absurd as impossible. That's the other extreme.

Although there is probably a way to steal Bitcoin even from air-gapped wallets-- researchers from Ben Gurion University finds it possible to steal data from air-gapped wallets through many ways like electromagnetic, ultrasonic waves, light, heat, and so on-- if it is "more or less easy to steal your Bitcoin", we would all have been stealing each other's Bitcoin today.

Impossible and "more or less easy" are both exaggerations.

I am not a native english speaker.  I mean with "more or less easy"  : 

-More easy - maybe a simple keylogger in an internet cafe or so......

and with - Less easy - a higly skilled hacking attempt involving a lot of resources......-

I apologize for the confusion......
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February 03, 2024, 04:30:12 AM
 #43


So now the question is bitcoin safe from hackers?, can it be stolen?
It's not that easy to steal bro.  If you get hacked a lot without your security press from you, you're stupid.  Moreover, if a third party gets access to your account, there is a possibility that your account will be hacked.  In that case if you keep full security of your account balance then of course your account and yours will be safe and secure.  But there are many hackers who introduce you through phishing sites and give you a phishing link, if you connect to that link, there is a possibility that your account will be hacked.  You are showing your allready bro only you are hacked because of you because you can't keep it secret. Other than that no one can hack you bro you have to keep trust you have to keep your right you won't face any fitting sir then  You can keep your bitcoins and you will definitely have a chance to go a lot if you stream yours on another site or another phishing site.
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February 03, 2024, 06:04:22 AM
 #44

For example, Bitcoin is very vulnerable to phishing. Phishing is one of the biggest problems for cryptocurrency owners. In addition, we are vulnerable to software backdoors. A multi-signature wallet, for example, 2-2, can be a good protection against this. However, it also has disadvantages. The main disadvantage of multi-signature wallets is, of course, high commissions. In a 2-2 wallet, you pay 2 times the normal fee, which may already be too high. Additionally, using a multisig wallet requires a hardware wallet, which not everyone has. And not all cryptocurrency enthusiasts want to purchase a hardware wallet
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February 03, 2024, 06:15:08 AM
 #45

In a conventional way where they can find your password or seed phrase and access the wallet on other computer then yes you can definitely steal a bitcoin and it's already been done before with Ponzi schemes and scam investments and phishing links so it's not a no-brainer that bitcoin be stolen if you're careless with your security. But if you're talking about magically pulling bitcoins out of an uncompromised wallet to another wallet then I don't think that it's going to be possible because most hardware wallets are offline which means that unless they're plugged to a computer that's connected to the Internet then there's no way that you can magically transfer the data from that wallet to another unless of course there's a way to really do that and I'm not aware that it exists.



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February 03, 2024, 07:08:51 AM
 #46

Yes, of course, in the very rapid development of digitalization, technological developments, It could possibly be stolen if you are careless in saving the key or click on the fraudulent (phishing) link and it will be automatically transferred directly to another wallet.

It is online wallets that have a much higher risk of vulnerability, maybe you can learn about wallets using the Multi-signature method on Bitcoin Core or Electrum wallet. In my opinion, this method is quite difficult to break into the wallet. If you store it well or are offline, of course it will be very difficult to hack,






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February 03, 2024, 07:28:27 AM
 #47

We all know that bitcoin was earlier stolen by James "Jimmy" Zhong
James Zhong is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; value as of 2023 approximately $3.4 billion) from the online black market Silk Road between 2012 and 2014.He was also involved in the early development of bitcoin,he found an error on Silk Road that allowed him to withdraw more funds than what was initially deposited. This was activated by repeatedly double clicking the withdraw button, and further abused by using multiple accounts on the website. Zhong managed to conceal his identity and elude detection for nearly 10 years. He lived a luxurious lifestyle, using tools such as cryptocurrency mixers to obscure the origin of the bitcoin he spent. In 2019, he made a mistake by transferring a small amount of stolen bitcoin to a cryptocurrency exchange that followed know-your-customer rules. The IRS's criminal investigation division then tracked him down.
Source link: https://en.m.wikipedia.org/wiki/James_Zhong#

It turns out that Bitcoin stealers target not only big companies but individual users with modest amounts in their crypto wallets.

Now bitcoin is one of the safest way to invest digital currency. Because of its new and improved security system it makes it hard for hackers and thief to access

So now the question is bitcoin safe from hackers?, can it be stolen?

Regards to this very questions Bitcoin is very safe for any investment made on it, but it will very unwise for investors not to be smart and apply wisdom inorder to secure his investment. There are certain area investors can act to secure it's investment, by keeping proper record of all transactions made to know if any thing contrary is taking place, protect it's pass phrase,key password and all details inclusive, avoid exchange that is not properly verify during transaction ,and lastly avoid some certain KYC. Further more one must nite that keeping it coin and wallet as in saving it on an exchange is not advisable and unsafe, if all this is in place Bitcoin is the most safest place for investment because it security is more than any where else.

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February 03, 2024, 07:36:59 AM
 #48

It turns out that Bitcoin stealers target not only big companies but individual users with modest amounts in their crypto wallets.
I think Zhong had the advantage of being in early and having the opportunity to be part of the space and try out different stuff. It's probably a lucky coincidence that he had to double-click the withdraw button and just took advantage of it.

It's definitely different from the story you are posting about actual hackers who hack people to get their money. Finding a flaw in a website versus actually brute-forcing or getting someone's seed phrases is different.

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February 03, 2024, 07:46:35 AM
Last edit: February 03, 2024, 08:59:14 AM by AndrewWeb
 #49

Can bitcoin be stolen?
Yes you just do like this.

https://www.youtube.com/watch?v=f2s3_UG9IPU

All the bitcoins in the world are on different addresses in the blockchain, nowhere else. To move bitcoins from one address to another address within the blockchain. You need the password (key) to the address you are sending from.

Example: To send bitcoins

from this address 17bqWjqpYVUm9k97cvVNqNkF9vnhbJguge (Balance 0,00 bitcoin)
to this address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa (Balance 99,69 bitcoin)
or to any other address on the blockchain (Balance all addresses 19614600,00 bitcoin)

You need this password (key)
KzBewZrkPDD61E3j6V59vwbv8jdasW8492RD5EpA4Frym1XZ6Fk6

That's all



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February 03, 2024, 08:09:41 AM
 #50

Yes it is an asset a digital one for that matter so it can be stolen
Can't steal something that doesn't belong to you. You forget that you can't own bitcoin, but you can only have the right to own it. In fact, even on the BTC-network, bitcoin doesn't move from wallet to wallet, but the right to own bitcoin is exchanged.

All the hacker has to do is get hold of your private keys or seed phrase and they can sweep the funds to their personal wallet.
I suspect that there are more cases where victims themselves give bitcoin to attackers (social engineering) than when bitcoin is stolen. It's harder to break into your system than to break into your trust. Therefore, never tell anyone the BTC-access keys.

After that they can even use mixers and other privacy measures to mask any traces of the coins.
Another reason to tarnish the reputation of mixer services? Smiley

So "Don't forget to keep your keys safe mate"
and with backups.

You can even store you seed offline for it is a safer choice.
Against hackers, but not burglars and thieves.

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February 03, 2024, 08:10:09 AM
 #51

Bitcoin is a safe or secure thing due to its concept of security in certain circumstances. But the thing is that something is not taken care of by itself; the safety of that thing depends on how he takes steps to make Bitcoin secure.

So now the question is bitcoin safe from hackers?, can it be stolen?
Yes, OP beyond any doubt, Bitcoin is stolen, Bitcoin is one of the best and most secure coin by itself due to its unique concept i.e. blockchain. But Bitcion being safe is dependent on each person's how he keeps it safe, that is, which wallet he exploits, whether he stores his Bitcoin on exchanges, whether he uses a hot wallet or a cold wallet. Considering all these aspects, it is your choice which way you use. And if you don't make any mistakes, there is no chance for a hacker to steal Bitcoin from you because it is your fault. He can rob you by catching you; otherwise he cannot steal Bitcoin from you.

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February 03, 2024, 09:08:33 AM
 #52

Bitcoin is secure but not impenetrable. James Zhong shows that Bitcoin protocol weaknesses are in interfaces and human interactions with it. In recent years, Bitcoin's security has improved, as I've seen. No system is invincible, though.

My experience has shown that personal attentiveness and best procedures protect Bitcoin. Using trusted wallets, two-factor authentication, and offline private keys are my recommendations. Technology and user awareness boost security. I repeatedly tell classmates, "Be the guardian of your digital treasure."

To explicitly answer your question: Bitcoin can be stolen, however careful handling reduces the danger. I recommend continuing education and security trends. Knowing and being cautious are our best defenses in the digital age. We want to empower via awareness and prepared action, not fear.

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February 03, 2024, 10:01:01 AM
 #53

So now the question is bitcoin safe from hackers?, can it be stolen?
What you have to know is that Bitcoin is not a personal property that is signed and documented to you alone, so, yes, it can be stolen. This is why you need to know how Bitcoin was formed, and being operated and how it can be stored and protected properly. At least, you need to know all that so that your part is well-played for the safety and security of the coin. However, there is no how you can be 100% secure when using Bitcoin because it can be stolen through hacking and other means that is not your fault since you are dealing with what is being transacted on the internet. This is peculiar to all internet-based storage and transactions, so it is not about Bitcoin alone.

Also, with the mixing and tumbling services, many coins could be stolen and will never be traced again, or it would be difficult to be traced, which is why it is good to be careful as much as we can.

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February 03, 2024, 10:19:42 AM
 #54

So now the question is bitcoin safe from hackers?, can it be stolen?

Safe to say that anything mishandled can be stolen, though there a few handful exceptions but bitcoin ain't one of them.
Since bitcoin is a digital asset/currency, a lot of less techy individuals are the most vulnerable people from hacking/scamming. There are some steps you can take to put extra layer of security, but that doesn't mean you're 100% safe from any cyber crimes. Know that everytime someone develop a software to protect our assets, hackers also has their own way to innovate  the way they attack their target.

R


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February 03, 2024, 03:20:44 PM
 #55

Yes OP Bitcoin is the digital currency and it can be hacked by hackers of scammers. The online world is full of hackers and scammers they used many techniques to steal people money and as the system updates and get more stronger than before they also updated thief hacking tricks. Actually these hackers are big well players of hacking and scamming they know how to trap people easily.

They used so many trickes to steal bitcoin from people wallets like these techniques can be phishing links or dust attack through which user amount wash out in seconds. User just left empty handed. I don't know how can a person stay 100% secure in crypto space because hackers or scammers keep updating their techniques to trap the people.

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February 03, 2024, 03:36:52 PM
 #56

...
Now bitcoin is one of the safest way to invest digital currency. Because of its new and improved security system it makes it hard for hackers and thief to access

So now the question is bitcoin safe from hackers?, can it be stolen?

of course the bitcoin you have in your personal wallet can be hacked, hackers are very dangerous, they can even find out your personal data with easly.
I have seen for myself how someone hacked my smartphone. Luckily, I don't have many crypto assets that I store in it. I admit that at that time I was careless by clicking on the link in my email, so viruses and malware got in and made my data exposed.
After that incident I became more concerned about the security of my smartphone, you must always be careful, hackers always have clever ways to infiltrate your smartphone.



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February 03, 2024, 03:49:18 PM
 #57

The obvious answer is yes. If the digital assets can be moved then yes if it isn't then no. You already know that you can transfer bitcoin to another wallet then it is possible to steal the bitcoin from the owner like stealing the private key or recovery phrase and other ways that the person who steal it like clipboard hijacking or phishing site. Those what I mentioned are what scammers used to steal bitcoin and there could be more ways that they will use.

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February 03, 2024, 03:56:31 PM
 #58

Yes, it is, and the only ones who can do that are scammers or hackers, or if you have someone you trust close to you that you gave the seed or password to, if there is one.

But that won't happen if you know how to be careful and know what the proper way is to do it so that hackers can't identify you with the addresses you have. As others say, it's safer to buy a hardware wallet or use a proven and tested software wallet like Electron.

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February 03, 2024, 04:13:21 PM
Last edit: February 03, 2024, 04:27:38 PM by wtsimis
 #59

I think digital currency can be stolen anytime if its security is not tight. There are any number of steps you can take to protect your assets ..
Especially when it comes to storing digital currency, you must decide to use a hardware wallet. Because in the past days we have seen many tokens that have been stolen.
I think the tighter the security, the less likely your assets will be stolen ..
     
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February 03, 2024, 04:27:30 PM
Last edit: February 04, 2024, 04:30:36 AM by acener
 #60

Everything could be stolen if you wouldn't keep it safe.
Physical or online asset get stolen most of the time, it is up to us owners on how are we going to keep our assets safe from those who wants to steal it.

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