Is hacking the new game now?

[ndutndut]

One thing's for sure, hackers will always exist and what happened to Binance isn’t the first time because it has happened several times at other exchanges before, and it probably won’t be the last either it might happen again in the future. What happened at Binance was definitely well organized, what the hacker did, and this is indeed one of the smartest hackers in the crypto world lately.

By depositing around tens of millions of USDT to Aave as collateral and then immediately borrowing ETH, he managed to turn easily frozen assets into ones that are much harder to track and can’t be blacklisted by Tether. Once the ETH was out, freezing the stablecoins in his wallet became less effective, while his ETH was already gone to another address. This shows how fast and creative the perpetrator was in exploiting the loopholes at the exchange.

Of course, this incident really serves as a warning for all of us. Big exchanges like Binance choose to cover users' losses from reserve funds to maintain trust. Even so, the fact that a platform as big as Binance can still be breached shows that security risks remain high wherever your assets are stored. The point is, what we can do now is to keep being careful with storing assets it's better not to keep too many assets on exchanges and use wallets we can control ourselves. We have to keep learning and close any gaps as quickly as possible so we don't lose our assets.

[Haunebu]

New game? Incorrect. Hacking problems are pretty much a permanent issue especially in the crypto world op. Mt.Gox in 2014, FTX, Bybit etc are just a couple of examples over the course of history. This is an endless cat and mouse game(Hackers and Security pros).

AI has made it a lot easier for hackers to penetrate sites effectively these days, but it has also helped improve security infrastructures of the same sites drastically. Double edged sword!

By depositing around tens of millions of USDT to Aave as collateral and then immediately borrowing ETH, he managed to turn easily frozen assets into ones that are much harder to track and can’t be blacklisted by Tether. Once the ETH was out, freezing the stablecoins in his wallet became less effective, while his ETH was already gone to another address. This shows how fast and creative the perpetrator was in exploiting the loopholes at the exchange.

Inaccurate. They are definitely not that smart apparently. Half of the 6 bill was frozen immediately while remaining half is subject to liquidity choking and other security protocols due to which their net profit at the end is a fraction of the entire 6 bill basically.

[WatChe]

Hacking has been in existence, if not as long as coding and the Internet of Things have been existing, but it was not as popular as it is now, especially this year, having some of the most hacked in human history. Hackers are upgrading in the way they operate, and it’s very concerning, and they are of great threat to most businesses and start-ups which don’t have enough security set up to stand against them.

Crypto is a heaven for hackers and scammers because it provides them an opportunity to steal money without getting caught as its difficult to link wallet address with physical ID of a person. This is true that digital hacking is not a new thing as hackers were busy hacking banks and other digital devices even before the introduction of cryptocurrencies. The rising trend of hacking is an indication that hackers are well familiar with latest tools and technologies otherwise they want be able to hack crypto exchanges and Banks today.

[Taricoins]

Why is it that their major targets was on well know sites?
Does it mean that no one can develop a stronger security measures to outsmart those hackers

This big platforms are the target why because that were the money is. The security teams have to be 100 % right at all time but a hacker is just looking for a single mistake.

Checking things out most of this major hackers don’t actually break blockchain code, all they do is to exploit human weakness through stolen staff passwords or even inside leaks. In security humans are actually always be the weakest. That why to leave your funds on exchanges is really risky. The one way I see to protect you money is through self custody.

I understand the concept you are portraying but I don't think majority if hacks comes from human carelessness, although they contribute to a major, it seems like this year brought about one if the most ingenious hackers ever and that update has been spread hence the widespread hacking pandemic, I feel like this hackers spend time looking and analyzing security codes of target exchanges, and once they find one default code, it doesn't take time to break down.

[Sulegzy39]

These large exchanges actually have fairly strong security that is difficult to breach. The security would always be compromised by an internal leak, leaving everything open to attack. Hackers typically begin their attacks when a company is complacent about its security situation. When one of them makes a move, the other always has a countermove, making hackers and developers like a game of cheese.
We shouldn't be concerned about an employee's lack of trustworthiness since it is impossible to tell. I suppose we'll be alright as long as the platform provides insurance in the event of a hacking incident or anything similar.

In my opinion, gambling platforms should now think about setting aside money for insurance because, in the event that something similar occurs, they will lose everything.

[Agbe]

I would want to know, and your response will means a lot to me.

the hackings happening in centralized exchanges and hardware wallets. And as for the hardware wallets there were breached (leakage) of information. There attempts to hacked Foundation Passport recently last month but they couldn't so the sort for trying to deceived the users by sending emails but was caught and voided.

They target the well known sites or wallets because those ones have more coins. So if they succeed, they will hit big. There have been a slogan in the forum for a very long time that nobody should keep or store their bitcoins in centralized exchanges but a non custodial wallets. Because it is "Not your key, Not your coins". And all the major hacking happening in this year, Lazarus Group is the suspect.

[PVequalNRT]

Crypto is a heaven for hackers and scammers because it provides them an opportunity to steal money without getting caught as its difficult to link wallet address with physical ID of a person. This is true that digital hacking is not a new thing as hackers were busy hacking banks and other digital devices even before the introduction of cryptocurrencies. The rising trend of hacking is an indication that hackers are well familiar with latest tools and technologies otherwise they want be able to hack crypto exchanges and Banks today.

I also think that because Bitcoin and many crypto is open source, it's easy to run through the numbers and check which the crypto that are having bugs. Just last month here, an AI was able to find a vulnerability in PHP and that has existed for more than 10 years yet nobody notices it on time until AI were used to run through. If AI has existed before that time, I think some things will be better than the way they are in todays AI evolution.

It's high time we accepted that AI is a threat but we can use the same threats to solve the problems we are dealing solve. Build with AI and make sure things are properly check, we should also do an independent audit, try as much as possible to offer bounty, this will help reduce the hacks.

[UpTober]

I don't think hackers are actually much smarter than the security teams of various sites because if the security team was weak then such hacking incidents would have happened regularly. Basically, those who are responsible for cyber security work hard and make their sites more secure but sometimes there are some security gaps and because of that little gap, hackers hit that weak point and they cause such incidents. Now in the case of Binance, I will give an example, when Binance was hacked, the security team also worked against the hacking due to which a certain amount of money was lost from the exchange but if the security team had not worked at that time, all the money could have been lost. However, even then, the security staff on such sites have to be more careful, more skilled and such important security measures have to be made more difficult so that small opportunities do not turn into big opportunities for hackers.

[Vod]

I don't think hackers are actually much smarter than the security teams of various sites because if the security team was weak then such hacking incidents would have happened regularly.

Believe it or not, a cyber security expert will spend most of his/her time updating drivers or applying emergency patches.  It's not hard to secure a site, but you have to keep it secure as the (AI) opponents find (zero-day) bugs.

[angrybirdy]

I don't think hackers are actually much smarter than the security teams of various sites because if the security team was weak then such hacking incidents would have happened regularly.

Believe it or not, a cyber security expert will spend most of his/her time updating drivers or applying emergency patches.  It's not hard to secure a site, but you have to keep it secure as the (AI) opponents find (zero-day) bugs.

Yes, indeed! for me, the essence of cyber security is not only the security protocols and whatever else is left in fate's hands. what really matters most is the functionality and efficiency of the mentioned protocols all the time. as we are all well aware of the fact that nothing ever remains static, and the applied procedures will have to be the same,  especially with the presence of Artificial Intelligence to identify the vulnerabilities and possible threats. eventhhough the system or website might have been very much and efficiently secured, it will remain vulnerable without any timely update to fixing the bugs.

[Rengga Jati]

Back to my question, this year has seems to be the worst year for the crypto space, Duelbits hack, Binance hack, many more hacks that happened on the space. My question is: does it mean that no one can outsmart those hacker?

Yeah, there were several major crypto hacks that took place during 2026. These weren't small-scale incidents. They occurred on large platforms. Even more shocking was the fact that hardware wallets were also hacked.

There are many assumptions out there. Some suggest that this is just another typical hack. While others argue that it might be a manipulation by the perpetrators for their own specific purposes. Regardless of the intent. The bottom line is that such hacks have a significant negative impact, especially on trust within the crypto space.

[batako]

Back to my question, this year has seems to be the worst year for the crypto space, Duelbits hack, Binance hack, many more hacks that happened on the space. My question is: does it mean that no one can outsmart those hacker?
Why is it that their major targets was on well know sites?
Does it mean that no one can develop a stronger security measures to outsmart those hackers or does it mean that most of the hacks that is happening are from Insider? Or maybe someone who is already in the system are leaking out their information to hacker ?

Regardless of whether recent binance hacks are the result of manipulation or insider activity, it is clear, based on the sheer number of hacking incidents seen this year alone, that the state of crypto security remains far from satisfactory. Hackers, who are already highly skilled, now have access to advanced tools like artificial intelligence, granting them greater leverage to breach any system. Meanwhile, there remains a shortage of reliable experts capable of addressing the ever-evolving challenges of cybersecurity.

Hacking has now even spread to other sectors in the real world, banking for instance.

[Asuspawer09]

I mean it was already the game from the very start actually, I guess the technology was also getting better when it comes to hacking probably because of AI?

It was also a question in my head, since we are getting to the tech era, we might see a uptrend on tech in the coming years so meaning something that was not able to calculate in the past years, is going to be easy to be calculate in the future, just like what happened in the past, since old computers can barely do anything and memory were just too low compared today.

Does it mean that the future computers or lets say hackers have a better chance of hacking? so something like a Bitcoin network could be crack in the future? if that could happened it seems like a huge problem. Unless the tech was also updating.

[Compromise me]

I won't say hacking is the new game. And most at times it seems most hack comes from inside but sometimes it doesn't, the crypto space is very big and it becomes the target for hacker but the year has being the worse so far and enough reason to be worried making it looks like the hackers are from within and has become a threat to the crypto space

It hacking are all linked, which is a deadly combo for people. Those who have never been having any idea how they are helping these hackers through their own carelessness, now it's time to increase their knowledge and understanding, which will give them safety because things are getting worse and people need to stay safe through using precautions. Using exchanges or not having all the information about handling their assets will be a setback because they have enough systems to have entry into your private places. KYC is also giving them enough with having all data from official sites or data centers, which are also open doors for them because insiders are always with them for their own interest. The coming months are going to be more challenging

[YellowSwap]

1. The list of attacks this year is long and varied. Criminals hit exchanges, gambling sites, hardware wallets, even individual investors, and others but I don't think this is the worst year. The Binance hack may be the largest ever, but it didn't bring down the exchange. I don't consider this the worst simply on the basis that among the major ones none closed shop due to the attacks.

2. Security and breaches are always a cat-and-mouse game. It's always a race, and sometimes bad actors get a step ahead. It doesn't mean they're outsmarting security systems, though. It's just that sometimes they're lucky enough to find a loophole they quickly take advantage of. And it's easier these days because of certain technological developments. But they're far winning.

What? I don't expect this type of response from anyone on here, you don't consider this attacks to be one of the worst ever in crypto space because no exchange went down? So because Binance is able to reimburse their customers now you feel it's nothing?

I am still curious where the money came from, maybe Binance is feeling the hit and pretending in the face of the public like everything is fine? Because their emergency fund was a billion dollars, where the extra came from seem like a huge loss for them.

I am expecting them to carry out a big money hijacking plan in the future like the past 10/10 because they need to recover that money back whether we like it or not, 2026 is the biggest one so far since I've been in crypto space and it happened this fast because of AI.

[crterjudy]

We need to help people in need, the government needs to also stop this crypto scammers I lost money to them. Was so lucky cwpsc claim way got it back for me.

[Emeraldo]

I won't say hacking is the new game. And most at times it seems most hack comes from inside but sometimes it doesn't, the crypto space is very big and it becomes the target for hacker but the year has being the worse so far and enough reason to be worried making it looks like the hackers are from within and has become a threat to the crypto space

It hacking are all linked, which is a deadly combo for people. Those who have never been having any idea how they are helping these hackers through their own carelessness, now it's time to increase their knowledge and understanding, which will give them safety because things are getting worse and people need to stay safe through using precautions. Using exchanges or not having all the information about handling their assets will be a setback because they have enough systems to have entry into your private places. KYC is also giving them enough with having all data from official sites or data centers, which are also open doors for them because insiders are always with them for their own interest. The coming months are going to be more challenging

It's true that hackers are becoming very smart and with the use of artificial intelligence, these hackers have been doing well in their game which had led to exchanges losing millions and billions of dollars within minutes of getting attacked by hackers. Crypto exchanges including the CEX, Dex and No KYC exchanges would have to double their security expertise to make sure they are able to track any foul play coming from hackers trying to invade their platforms through different executions that can be as a result of bug or outdated softwares they are using.

[gracreavix]

Well, no system that has great security can escape hacks. If you look at people, they are the most vulnerable when it comes to system security. But that won't eliminate the fact that no system is totally secured. I believe we should remove our minds to building a secured system, which is necessary. But our attention should shift towards how to manage the breach if it occurs. Since we know we can't stop breaches or create a system that is totally secured, we should shift focus to managing it well if it does come.

[tsaroz]

I have thought of where to make this post but didn't know the right section to post it. Although, I know that if there is a better place to make you could direct me to move it there.
Back to my question, this year has seems to be the worst year for the crypto space, Duelbits hack, Binance hack, many more hacks that happened on the space. My question is: does it mean that no one can outsmart those hacker?
Why is it that their major targets was on well know sites?
Does it mean that no one can develop a stronger security measures to outsmart those hackers or does it mean that most of the hacks that is happening are from Insider? Or maybe someone who is already in the system are leaking out their information to hacker ?

Again, how do you trust the people that are being employed to work with most of the exchange or gambling site?
What are the strategies to ensure that the staff they are hiring is trusted and can not compromised their duties or works, because it's always said that only those who are Inside that can know the way about the system.

I would want to know, and your response will means a lot to me.

I think it's the other way around. Hacking was much easier in past but now its become more and more complicated to execute it. Binance hack even though was a huge one, the way they worked to get around the security was impressive, a bad act but an art of its own kind. It was not just a technical hack but different level of social engineering and waiting game going on.
With each hacks, exchanges has become more and more secure so much that no technical hack could anyway break through their security, Gambling sites, with smaller hot wallets are likely to be more easier targets but for gambling sites, its easier to keep a comparatively smaller hot wallet and use multistage for the cold wallets to minimize the loss.

[Vod]

But that won't eliminate the fact that no system is totally secured.

That is simply not true - it depends on the maturity of the protocols they use.  There is no danger of the voyager probes being hacked, for example, because they used machine code, which talks directly to the hardware.   The bugs come in when someone adds a presentation layer to raw data, using new languages.  PHP x is a new language compared to PHP (x-1)

An air gapped system is secure until human actions make it hackable.

I think it's the other way around. Hacking was much easier in past but now its become more and more complicated to execute it.

It's become dozens of times more complicated, but the tools have become hundreds of times better.  :/