Ethereum network is not secure!

[Nakamoto 279]

On 4/4/2020 at 3:45 AM, deepown said:

Bjut in this case seem like there is a serious issue on security of either according to the writer, we can't judge but we need to take measures on this specific coin.

The problem is the exchange platform's hot wallet. Topics like this are toxic and should be immediately closed by the moderator. We cannot let the wrong information damage this forum.

[Dark_Sky 8489]

On 11/28/2019 at 3:51 AM, hellelali said:

I think there are many hackers work for stolen all users in exchangers. I advice all beginner users they must take attention doing strong password and choose best wallet and exchanger

Yes there are many fake and hackers who wants to stole people coins. 

Much better to don't let them steal what you have. 

Always prepare a high security that you know can help you to avoid them such as strong password etc. 

[Saboor 511]

9 hours ago, fila said:

Nothing that is online like crypto currencies and their block chains is ever 100% secure as that is just the nature of the internet and its services which are always at risk.

We know mostly everything online isn't safe and secured, hi what can you say about the ethereum network, is the accusation right and it is good to blame ethereum developers for the flaws they have in their blockchain?

[George10 9932]

In times of hack we shouldn't blame a cryptocurrency but it is normally the fault of wallet providers or exchange sites who failed to provide tight security measures to their platforms and some exchanges are scam that's how they steal from people by pretending to have been hacked therefore its a wise decision to go for a popular exchange site or wallet to avoid cases of this kind.

[Yunusalemu 0]

all coin in the block chain technology or crypto currency market are not fully a hundred percent secure agains hackers, as tgese hackers are always on tge works for bew was to bypass the security, which also need to be updated time after time. 

[Saboor 511]

13 hours ago, Firman Permana said:

Its the exchange that were given hacked and also you blame the eth network for it? There has also been many stolen XEM coins almost 40 million well worth of cash have been stollen however that does not there is a hassle with the coin its the change to be blame.

Exchanges have their own flaws in the hacking, may be there is someone that was able to give them clues or those hackers know how to use sophisticated system to steal from the system

[Nakamoto 279]

On 4/5/2020 at 8:43 AM, JamesMark said:

All networks in cryptocurrency are not 100% secure because we're talking about the technology and the online world of the Ethereum network is insecure, but what about the bitcoin blockchain? Yes, it is a decentralized cell system

You must study harder so you understand and don't talk nonsense. The number of characters is many but not adequate.

[Rendra808 92]

Hackers hack the exchanges because they understand that any alternate once they hack they make precise money thru this and they may be not getting hack a single man or woman account of hacker hack the alternate than in case your password will robust then it don,t want them to crack they simply ship the cash to any other wallet and disappear.

[Saj555 2250]

It is maybe possible for the users to get hacked by the fault  of their own. Because the user sometimes don't give attention to the fake emails or domain log ins. That's why sometimes they get scammed. But it is upto them to always secure the information. But it is actually depends on the platform sometimes. The secure of the platforms must be so pure to adore them. 

[teminalibug 309]

Just now, wilbertson said:

I'm not sure but the main reason for the second version of ether is to eliminate mining and bring staking to ether, you can start from there. 

That is a very big change for ether, that means that staking is better than mining so bitcoin is becoming more old.

[magd 5231]

The matter is not only dependent on the Ethereum network, but it happens in any other currencies in case you do not put the necessary protection I advise you to use better settings so as not to be exposed to fraud and theft

[deepown 0]

56 minutes ago, wilbertson said:

Yes like I said before once in one of my topics here, Bitcoin is old school already, now you see it too.

I too see it, bitcoin is not doing much or any progress at all in developing its project, it has left it all to the people.

[Yunusalemu 0]

On 4/11/2020 at 3:36 PM, Nezar said:

There are many scammers whose goal is to steal the platforms and the money inside, so we have to create a strong password for our account on the platform in addition to our activation of two-factor authentication and stay away from all links and applications of unknown source

yes The two factor authentication service is really a good security services provider to help secure our Wallet and account from hackers, its just too bad that people ten to disregard all this warnings and later fall victims to thes scammers and hackers. 

[teminalibug 309]

51 minutes ago, SunilRaja said:

Yes mate you are right ethereum hacked many time but bitcoin also hacked many time . Hacking doesn't mean that these currencies are not safe or they are scam

 

Bitcoin might have been hacked many times as well, but i never heard of it other than the binance hack, apart from that it has always been Ethereum or one of it's tokens.

[ayatoslaw 858]

On 4/22/2020 at 2:08 AM, teminalibug said:

Bitcoin might have been hacked many times as well, but i never heard of it other than the binance hack, apart from that it has always been Ethereum or one of it's tokens.

A simple reason why hackers often steal Ethereum or erc20 tokens, because they can send all the tokens they get to the same address, which is the ETH address. Although this is only an assumption, it can be agreed by logic, because there are also some people who really like to storing all their assets in one place, or like to invest only in erc20 tokens, the reason is simple, because they can be stored in one wallet.

[Michael0606 861]

I have always said and I maintain the thefts is not the fault of the blockchain, or the networks and block protocols, it is the fault of who uses, lack of experience or uses exchanges to store a lot of money, in the forum there are many topics talking about how to have  safe money on the Internet.

[Saboor 511]

3 hours ago, Michael0606 said:

I have always said and I maintain the thefts is not the fault of the blockchain, or the networks and block protocols, it is the fault of who uses, lack of experience or uses exchanges to store a lot of money, in the forum there are many topics talking about how to have  safe money on the Internet.

So you are trying to tell us that those developers of those hacked exchanges don't have experience at all. It is possible for anyone to hack your wallet or exchange without having any clue from you

[teminalibug 309]

8 hours ago, ayatoslaw said:

A simple reason why hackers often steal Ethereum or erc20 tokens, because they can send all the tokens they get to the same address, which is the ETH address. Although this is only an assumption, it can be agreed by logic, because there are also some people who really like to storing all their assets in one place, or like to invest only in erc20 tokens, the reason is simple, because they can be stored in one wallet.

It is a good assumption though and it makes perfect sense, you see hackers need to transfer as many tokens as they can before they are blocked, so they need to do it fast.

[teminalibug 309]

2 hours ago, Peter Urban said:

Hackers had to get private keys of that exchanges and it is not error of blockchain, but exchanges. I there were some leakes where was stolen few milions from MakerDAO, but it was fixed by hard fork and money were saved.

By hard fork you mean the ethereum 2.0 that is not even released yet? if that is the case how would unreleased version fix anything?

[Nakamoto 279]

3 hours ago, teminalibug said:

By hard fork you mean the ethereum 2.0 that is not even released yet? if that is the case how would unreleased version fix anything?

I think it's an old story, mate, and doesn't relate to the second version of ethereum. There is an incorrect code on the DAO smart contract that is used by the hacker. You are playing with that guy i guess. lol

[Saboor 511]

7 hours ago, Nakamoto said:

I think it's an old story, mate, and doesn't relate to the second version of ethereum. There is an incorrect code on the DAO smart contract that is used by the hacker. You are playing with that guy i guess. lol

That is great to hear that ethereum is too rigid now to be hacked, so the second version of ethereum has improved the ethereum blockchain, that will be great for everyone

[Nakamoto 279]

15 hours ago, Saboor said:

That is great to hear that ethereum is too rigid now to be hacked, so the second version of ethereum has improved the ethereum blockchain, that will be great for everyone

The second version of ethereum is improved in security and scalability. Scalability is the main issue.

[Saboor 511]

6 hours ago, Nakamoto said:

The second version of ethereum is improved in security and scalability. Scalability is the main issue.

And now we can fully trust cryptocurrency, without having any issue in the future, and hackers won't find it easy to hack any account

[Nakamoto 279]

15 hours ago, Saboor said:

And now we can fully trust cryptocurrency, without having any issue in the future, and hackers won't find it easy to hack any account

There are no problems with the blockchain network so we can trust it from the start. What we have to watch out for is the endpoint where the wallet is connected. The exchange or online wallet platform must continue to look for weaknesses in their systems.

[Saboor 511]

13 hours ago, Nakamoto said:

There are no problems with the blockchain network so we can trust it from the start. What we have to watch out for is the endpoint where the wallet is connected. The exchange or online wallet platform must continue to look for weaknesses in their systems.

Yea,, definitely the main problem of this hacking and getting away with ethereum is within the endpoint if the wallet and exchange, if developers will properly investigate this aspect, they might solve it easily