Post
Topic
Board Altcoin Discussion
Re: Altilly down after being hacked at Christmas.
by
Eco_111
on 27/12/2020, 07:11:30 UTC
I've never heard of this exchange. I try to avoid them, the unpopular exchanges as much as I can. But for the users of this exchange, there could be good reasons why they chose to use it rather than the popular.
What a way to end the year. This is why you shouldn't use small exchanges because the fact that Altilly can't do anything besides wait for the result means that they aren't really prepared for this or .... exit scamming?
I have seen the latter part if they say that it is a requirement for them to update the servers with those conditions that are unsure. Unlike the bigger exchanges if there's a fault on their end, they give their customers an assured statement that funds are safu.
Me too. As of now, I have no other funds in unpopular exchanges because when bitcoin hit the peak there are many exchanges moves out. Scam exchanges exist and hacking events grow more when bitcoin rise up. Actually, I did not know this exchange but it is also alarming that there is an exchange again which confirmed they hack. This is a bad start for altilly exchange hope they will resolve the issue to get back the trust to the people.
Is this only about popular exchanges and non popular exchanges? Remember that kucoin was hacked this year too? That's not a small exchange either, the problem affecting crypto exchanges is security, team and devs must plan to upgrade their security from time to time, binance exchange was once hacked too and I'm sure they've find better solution to hacks since then