Post
Topic
Board Bitcoin Discussion
Re: Hackers on the rampage again, 59M $ Stolen
by
muhammedb
on 23/09/2018, 17:01:32 UTC
I saw this going through my Reddit early news. I don't think this will have any negative impact on the market.
I have always wonder the security level of Cryptocurrency exchanges. Although am not a Cyber-security expert, but have once heard of something called "multiple signature" been required for withdrawal.  Such fear of exchanges been hacked is a course for concern for someone wanting to invest big in the market. My take is that: for now, use well trusted exchanges that have zero tolerance for security breaches, and try not to leave too much fund in an exchange. I hope customers get compensated since it's a management lapses. 
yes, most people take exchange as personal wallet were they can store coin. Like i always say it 100% risk to leave fund on any exchange because u don't the full control of it. many exchange owner are weak in the part of security. just pray the customers get compensate too because is every frustrating when you get hacked.