$351M Stolen , Two Crypto Security Incidents in 24 Hours| Bitget and Magic Eden

[strunberg]

This keeps touching me the hard way, seeing that there is no single week that will pass by without having the experience of a crypto hack or scam, which means that there is much expected of us to do regarding our asset security and privacy, which so many people do not have such a mind, for how long are we going to be leaving the miscreant to take over our assets from us all of a sudden, what we have toiled and laboured for will just be taken by scammers through an insignificant mistake from our end, it is high time we put a stop to end this menace because it must not continue like this, the better we know more the easier it becomes for us to secure our crypto asset.

I believe that hacking will never truly come to an end, as every network, digital crypto wallet, or exchange service inevitably contains bugs or vulnerabilities that malicious actors can exploit. It is a positive thing when bug hunters discover critical flaws and report them to the developers; however, security vulnerabilities are frequently discovered by criminals intent on stealing people's wealth. We must take responsibility for safeguarding our own assets; it is far better to store our major holdings in personal digital wallets—or, ideally, in cold wallets. Personally, I remain apprehensive about keeping large amounts of assets on exchanges, even though I am confident that they work daily to patch security vulnerabilities.

[Doan9269]

This keeps touching me the hard way, seeing that there is no single week that will pass by without having the experience of a crypto hack or scam, which means that there is much expected of us to do regarding our asset security and privacy, which so many people do not have such a mind, for how long are we going to be leaving the miscreant to take over our assets from us all of a sudden, what we have toiled and laboured for will just be taken by scammers through an insignificant mistake from our end, it is high time we put a stop to end this menace because it must not continue like this, the better we know more the easier it becomes for us to secure our crypto asset.

I believe that hacking will never truly come to an end, as every network, digital crypto wallet, or exchange service inevitably contains bugs or vulnerabilities that malicious actors can exploit. It is a positive thing when bug hunters discover critical flaws and report them to the developers; however, security vulnerabilities are frequently discovered by criminals intent on stealing people's wealth. We must take responsibility for safeguarding our own assets; it is far better to store our major holdings in personal digital wallets—or, ideally, in cold wallets. Personally, I remain apprehensive about keeping large amounts of assets on exchanges, even though I am confident that they work daily to patch security vulnerabilities.

With all these recent incident of hacks and scam related activities, it is important uphold our asset under a non-costodial wallet, this is very important and some are still taking it for granted by using a centralized exchange for their assets portfolio, lot of things are happening and we can't predict who may be the next target or when such attack may come over there exchange platform we are using, we have to keep to details regarding security and maintain privacy in other increase our safety measures on things like this that are opening.

[Kavelj22]

Sadly, crypto scams and hacks happen way too often. Most of the time, one small mistake is enough to lose everything. We really need to pay more attention to wallet security, privacy, and the links or contracts we interact with. The more we learn about security, the better we can protect our funds.

I will either not telling the are just mistakes. They are vulnerabilities that can be exploited because nobody from the team got the attention to expect it does even exist, especially with long establishing projects. Investors trust smart contracts ethereum like they trust the blockchain and bitcoin. While the fact is those networks are not completely secure to develop solid dapps. Successful hacks mean a network always exposed to be exploited somehow.

[Rengga Jati]

I believe that hacking will never truly come to an end, as every network, digital crypto wallet, or exchange service inevitably contains bugs or vulnerabilities that malicious actors can exploit. It is a positive thing when bug hunters discover critical flaws and report them to the developers;

Exactly, it never ends. Hackers and scammers certainly make a lot of money doing this. Sometimes, they do it simply for the satisfaction of successfully breaching a platform's security system. Regardless, it is a crime. We might not be able to completely escape scammers or hackers, but we can at least make an effort to protect ourselves. We can't avoid keeping assets on exchanges due to trading needs. But we can minimize the risk by storing our assets in hardware wallets, keeping control of the assets firmly in our own hands.

I just read some updates on this hack. It seems the hackers have started making moves, though not all at once. They tried using NEAR Intents. But. at least some of them—were blocked.
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