Post
Topic
Board Trading Discussion
Re: List Exchanges Hacked 2011/2018
by
Majormax
on 30/12/2018, 02:21:58 UTC
Code:
Exchange   Year        Amount / Month  
          
Poloniex     2014 <      64.000 $ March
Damn. I did not expect that Poloniex was a victim of hacking. I just find out that Poloniex was hacked in 2014 and suffered a loss of $64K from you.

After viewing the data, consider how and where you store your Bitcoins.
I have never stored my assets on an exchange. Because I realized that cybercrime is in anywhere and can attack anyone.
Before that happened to me, I anticipate it by buying Trezor hardware wallet and storing Bitcoin within it. Perhaps, the right way to keep Bitcoin safe is storing Bitcoin on hardware wallet like trezor and or ledger.

Poloniex was a textbook example of how to proceed.

The owner at the time (Tristan) sent out messages explaining the situation. The lost coin for each user was shown in the dashboards, but not accessable. Eventual repayment was promised, and this was done in small increments, as and when profits allowed. Not sure, but I think the total was greater than the 64k quoted.

Thus, the exchange continued to trade and was solvent, whilst establishing a trustworthy reputation..