Hackers Attack on Cryptocurrency Exchange.

[owmivmen]

Many exchanges must refund the coins of their clients because of hackers attacks. They should spend a lot of money to refund the coins. For example: 1. Coincheck refund 46 billion yen. 2. Bitfinex refund 120,000 BTC.

Link: https://Do not link to this site DMCA Abuser/biggest-bitcoin-hacks/, https://www.mbmagazine.co.uk/2018/02/coincheck-cryptocurrency-hack-victims-receive-refund/92/

Thank you for adding information about user refunds. Not all exchanges are able to refund user funds. there were several exchanges that finally stopped to operate the exchange. But in addition to your opinion, information about hacker attacks in exchange is more complete.

[owmivmen]

Yeah of course the hacker always target the big exchanger and hope the big exchanger will concern and update their security continuously and if you are a hodler its better to save them at your own wallet then put them on the exchanger. If the exchanger decided to pay you back when they got hacked then its no problem, how about if they dont pay back? and if you are trader, its easy to secure your profit too in your wallet.

Big Exchange will provide guarantees to refund user funds. That is something that must be done to maintain the popularity of the exchange. but some exchanges may not refund user funds for some reason.

Do you think all the markets that have been hacked are really pure hackers act ?
Is there any possibility there is conspiracy within the market itself ?
Is there any cooperation between market administrators and hackers ?

Sorry I'm not prejudiced, but I am really asking question.

Yes, I also thought like that. the existence of manipulation or conspiracy in exchange. but it is not easy to restore user confidence. so I think it's a stupid thing they do.

[Leebarnes]

yes mostly it is a centralized exchanger I think the authority/SEC has also a part of it to implement further securities or check the security issue of the exchanger before allowing exchanger to conduct business.

[DogeTalk]

Is there a safe exchange? I began to panic with the news you informed. So far, I think crypto is safe to use, but there are many cases of hackers this year.

[owmivmen]

yes mostly it is a centralized exchanger I think the authority/SEC has also a part of it to implement further securities or check the security issue of the exchanger before allowing exchanger to conduct business.

Yes, that's the most important point of the SEC to check or see the feasibility of the exchange. Very risky if a large exchange experiences something like this. the continuous effect is that enthusiasts will not believe in using cryptocurrency.

Is there a safe exchange? I began to panic with the news you informed. So far, I think crypto is safe to use, but there are many cases of hackers this year.

Nothing can ensure a safe exchange or not. Users must be smarter in managing crypto they have. I only recommend using a wallet to store cryptocurrency.

[ivanleon]

The exchange essentially needs to take care of the protection of assets from threats of hacking. As an option, the creation of hybrid decentralized and centralized together with the use of blockchain technology. Thus, to increase the transparency of operations for even better protection of assets.

[Judybrown]

Exchanges that do not use metamask are prone to scammers. Without metamask, the exchange becomes centralized, making the data accessible to other people especially scammera. When metamask is installed, it makes the exchange decentralized.

[owmivmen]

The exchange essentially needs to take care of the protection of assets from threats of hacking. As an option, the creation of hybrid decentralized and centralized together with the use of blockchain technology. Thus, to increase the transparency of operations for even better protection of assets.

Yes I know that. the technology that you are talking about has been used a lot of big exchanges. I know every technology must have weaknesses. I just hope that in the future, Exchange will focus on developing their security.

Exchanges that do not use metamask are prone to scammers. Without metamask, the exchange becomes centralized, making the data accessible to other people especially scammera. When metamask is installed, it makes the exchange decentralized.

That is good. You seem to have experience using exchange. Can you share your experience on how you can use metamask to be more safely used in exchange?