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Author Topic: Bilaxy exchange hacked  (Read 735 times)

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Bilaxy exchange hacked
« on: August 30, 2021, 12:17:50 PM »
Once again we have bad news about a hacked exchange, this time it was Bilaxy. Withdraw your funds if you can and don't send anything to the hot wallet. Although the amount lost has yet to be reported, Bilaxy officials say it was a "large" amount.

More info in: https://finance.yahoo.com/news/bilaxy-exchange-reports-hot-wallet-131000054.html?fr=yhssrp_catchall

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Bilaxy exchange hacked
« on: August 30, 2021, 12:17:50 PM »

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Offline Jr.CK

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Re: Bilaxy exchange hacked
« Reply #1 on: August 30, 2021, 03:06:17 PM »
Polygon and Cardano made it all about security with insurences imo, ( sad news) but insurances should start working in crypto as well, that's what Vent finance thought about whilst conducting projects growth and making stand for investors to secure their asset through insurances and kyc process. Very transparent and legit. That's a step toward impacting this place.
« Last Edit: August 30, 2021, 03:24:45 PM by Jr.CK »

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Re: Bilaxy exchange hacked
« Reply #2 on: August 30, 2021, 03:47:25 PM »
Polygon and Cardano made it all about security with insurences imo, ( sad news) but insurances should start working in crypto as well, that's what Vent finance thought about whilst conducting projects growth and making stand for investors to secure their asset through insurances and kyc process. Very transparent and legit. That's a step toward impacting this place.

aha! you got it man! got my friends assured of vent finance and projects on Cardano network. i have invested in lot of ventures without securing my assets, nm, I can stay baised, but still a platform very user friendly, good team and patterns with really potents crypto leaders and networks. i am literally proud of their services. feeling sad for bilaxy users. crypto is risky and we need to take such a risk, but with vent finance most will be in peace!

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Re: Bilaxy exchange hacked
« Reply #3 on: August 30, 2021, 03:56:42 PM »
Polygon and Cardano made it all about security with insurences imo, ( sad news) but insurances should start working in crypto as well, that's what Vent finance thought about whilst conducting projects growth and making stand for investors to secure their asset through insurances and kyc process. Very transparent and legit. That's a step toward impacting this place.
:=) cheers,  :o but yes! crypto must be secured or insured right now on the market or it will lose all hope, thanks vent finance as we shared in common, expectedly, our funds will growth and we keep investing in many of theirs ventures. easy kyc -ed to enjoy everything. tell hints with your portfolio :)

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Re: Bilaxy exchange hacked
« Reply #4 on: September 13, 2021, 11:31:30 PM »
Once again we have bad news about a hacked exchange, this time it was Bilaxy. Withdraw your funds if you can and don't send anything to the hot wallet. Although the amount lost has yet to be reported, Bilaxy officials say it was a "large" amount.

More info in: https://finance.yahoo.com/news/bilaxy-exchange-reports-hot-wallet-131000054.html?fr=yhssrp_catchall
it seems that now it has become a trend that many exchangers are hacked, is this really happening or is it just to increase rankings, at least there is a positive side that can be taken by means that they will pay all investors' funds, making people believe in the exchange because they pay even if they are hacked with large enough. I hope my analysis is wrong.

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Re: Bilaxy exchange hacked
« Reply #5 on: September 16, 2021, 09:51:40 AM »
Polygon and Cardano made it all about security with insurences imo, ( sad news) but insurances should start working in crypto as well, that's what Vent finance thought about whilst conducting projects growth and making stand for investors to secure their asset through insurances and kyc process. Very transparent and legit. That's a step toward impacting this place.

aha! you got it man! got my friends assured of vent finance and projects on Cardano network. i have invested in lot of ventures without securing my assets, nm, I can stay baised, but still a platform very user friendly, good team and patterns with really potents crypto leaders and networks. i am literally proud of their services. feeling sad for bilaxy users. crypto is risky and we need to take such a risk, but with vent finance most will be in peace!

:=) cheers,  :o but yes! crypto must be secured or insured right now on the market or it will lose all hope, thanks vent finance as we shared in common, expectedly, our funds will growth and we keep investing in many of theirs ventures. easy kyc -ed to enjoy everything. tell hints with your portfolio :)

Here we are talking about an exchange that has been hacked. Stop spamming things that have nothing to do with it or your posts will be removed.

it seems that now it has become a trend that many exchangers are hacked, is this really happening or is it just to increase rankings, at least there is a positive side that can be taken by means that they will pay all investors' funds, making people believe in the exchange because they pay even if they are hacked with large enough. I hope my analysis is wrong.

The problem is the usual, the security budget, and the bad practice of users leaving their funds on an exchange. I've seen exchanges spend more money on social media marketing than on their own security, which is why these things happen. On the other hand, we have users who leave their funds in the exchange as I have said, that is what most attracts attackers, since that way they have different attack channels.

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