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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 New 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 New 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 New 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.
     

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