Post
Topic
Board Beginners & Help
Re: Why do hacks still occur?
by
Abu-Naim
on 25/09/2023, 21:55:04 UTC

Is it not possible for the system to be impregnable?

I don't believe it is possible, so you are advised to act as your own bank by storing your bitcoin in a wallet that allows you to manage your security independently of any outside parties.

Despite the majority of these exchanges make every effort to keep everything secure, hackers and insiders pose the biggest threat because everyone wants to become rich. Due to the fact that the majority of these exchanges have been compromised, there is no faith in cryptocurrencies. If you investigate the news and the hacking's source, you'll learn that one or more of their team members were either involved in the hacking or were responsible for leaking information that resulted in the attack.