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Crypto Hacks Worth $1.7 Billion

Discussion in 'General Discussion' started by Benji77, Feb 26, 2019.

  1. Benji77

    Benji77 Member

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    Of the total stolen in 2018, over $950 million was from cryptocurrency exchanges. This is 3.6 times more than what was stolen from exchanges in 2017. The rest of the funds ($725 million) from the crypto hacks happened from things such as Ponzi schemes, exit schemes, and fraudulent ICOs.
    Now, it seems investors are treading lightly in the cryptocurrency space and rightfully so.
    What's your thoughts on this?
     
  2. Mikil

    Mikil Member

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    It doesn't stop investors or traders, or even crypto newbies.
    Actually, not surprising fact, as theives are everywhere and people continue to grow their assets nevertheless.
     
  3. Lastonestanding

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    This is just a reason to keep your data more encrypted, but at the same time a lot of people break off.
     
  4. Sea_Buckthorn

    Sea_Buckthorn Member

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    I just think that crypto has become more popular in general that's why the amount stolen has increased
     
  5. Charles12

    Charles12 New Member

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    Oh very bad news
     
  6. WSV

    WSV Member

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    It is a normal situation. Cryptocurrencies are supposed to be money, people tend to steal money, very simple.
     
  7. Sea_Buckthorn

    Sea_Buckthorn Member

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    Ahaha, yeah, true story
     
  8. tommy shelby

    tommy shelby New Member

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    The crypto has to be secured.
     
  9. Benji77

    Benji77 Member

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    As crypto world is tend to spread its influence I am sure that it should be protected from such big hacks.
     
  10. Mikil

    Mikil Member

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    And you know how? Hackers are too smart and no protection exist against their actions. lol
     
  11. Lastonestanding

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    Everything is very simple - you need to encrypt your data. very well.
     
  12. Benji77

    Benji77 Member

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    I believe that encryption opportunities will be much more safe.
    On the other hand those who can provide that best level of encyption could be hackers themselves.
    Possibly it's so happening already.
     
  13. WSV

    WSV Member

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    Agreed. There is no complete way to protect the data. Hackers always find a loophole in the system
     
  14. Sea_Buckthorn

    Sea_Buckthorn Member

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    There is a hacker for every encryption - sooner or later :)
     
  15. Benji77

    Benji77 Member

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    Sometimes it seems that hackers create those encryption to make it hacked then.
     
  16. Mikil

    Mikil Member

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    No encryption better than hackers abilities unfortunately.
    I think only cyber units can outperform this issue.
     
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  17. Sea_Buckthorn

    Sea_Buckthorn Member

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    The best hacker no one will outrun in the near future is a quantum computer
     
  18. nashimi

    nashimi New Member

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    These gatherings frequently work with complex procedures, moving the stolen coins through close to home wallets and trades and after that go quiet for around 40 days to trust that the premium will fade away before they money out.
     
  19. WSV

    WSV Member

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    Ahaha, I think the same thing. I know several cases when hackers attacked the system just for fun and then told developers how to fix it.
     
  20. WSV

    WSV Member

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    Cyber units consist of ex-hacker, that's why they can outperform this issue
     
  21. Sea_Buckthorn

    Sea_Buckthorn Member

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    That happens quite often if they do not have bad intentions they do it just for fun
     
  22. Benji77

    Benji77 Member

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    that's showing the other side of decantrilized opportunties.
     
  23. Lastonestanding

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    you right too
     
  24. Mikil

    Mikil Member

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    Of course. And they get paid much more if they work for government.
     
  25. Mikil

    Mikil Member

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    I can't estimate the impact.
     
  26. Sea_Buckthorn

    Sea_Buckthorn Member

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    Just not everyone agrees
     
  27. Sea_Buckthorn

    Sea_Buckthorn Member

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    of a quantum computer? :)
     
  28. Benji77

    Benji77 Member

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    do you think it's good what they do for government for such a high salary?
     
  29. Mikil

    Mikil Member

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    I do believe if it's good for improving community in general, they do great job.
     
  30. rosita

    rosita Member

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    It’s just as good to take away our privacy.
     

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