Quote from: NewRanger on November 27, 2019, 06:02:59 PM

Quote from: Xcode7 on November 27, 2019, 04:34:53 PM

Quote from: Marble777 on November 27, 2019, 04:30:45 PM

Quote from: best123 on November 27, 2019, 03:30:44 PM

General Exchange hacking, the exchange will be held responsible while individual hacking, you are responsible. That is why you should increase the security of your assets by adding 2FA and don't clicks links you do not know.

If our account is hacked, of course the exchange does not want to be held responsible for certain errors of the individual, but if the exchange is hacked, of course the exchange party will be responsible, both for matters 2fa is very important where the security of our account will be guaranteed security because the key holder is only in us, and don't forget to also provide a PIN code when we make a transaction so that security can multiply.

Account security is indeed a priority of the user, if hacking occurs and it is proven that the user is wrong then the exchange will not be responsible, except for the exchange error then you will get your money back. and for wallets like MEW you have a big responsibility for funds because no one can help if hacking occurs

we could separate two case in hacking. User account hacking which is their self responsibilities , and exchanges will not replace user losses.. Meanwhile if exchange hacking which is make users balance account null, they have to refund it. Many exchange could not refund their customer money and finally closed operation and will need long time and much process to recover our fund.

The conclusion here is that even top-tier exchange is not the safest place to store your assets if you are only a holder. It's better to use a hardware wallet for the safe storage. Especially, if you have a huge amount of various cryptocurrencies.