Post
Topic
Board Bitcoin Discussion
Re: How often are people really hacked out of their BTC?
by
btc-room101
on 25/04/2021, 11:41:28 UTC
Has anyone here been hacked and if so, how? We should make sure that we share our stories of being hacked, even if they are painful,  to ensure that people do not repeat other people's mistakes.

We're advised to take precautionary measures on how to protect our digital wallets against hackers and it is possible for them to infiltrate and steal your BTC when they acquired personal information that can be used to access your wallet. So don't share your personal information specially if it's bound to your digital wallet and be aware of phishing websites all the time.

The real problem is they trust the exchanges, where the addresses are issued by default, where the exchange holds the priv-key, where the exchange is easy to hack, and insiders are corrupted. Remember everybody/anybody inside of an exchange can find the super-used password's if they wish.

IMHO most of the $2B annual exchange hacking, is insider info passed outsiders for discrete payment. You really can't blame poor security, criminality of this magnitude is always an inside job.

Besides, no insurance, no responsibility, nobody cares, perfect recipe for crime.