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This is another bad news for bitcoin in the sense that more and more frauds is being carried with it .According to whales Alert, some bitcoin thieves moves bitcoin stolen from Bitfinex since 2016 which is worth $42 million, (3897 BTC) in 7 transactions in less than 1 hour.
The blockchain security has flagged all the wallet address involved in the transactions.
Am surprise that exchange sites despite the security measures put in place ,still faces problem of hacking and that amount isn't a small something those hackers are big thievesSome one needs to be very careful with this Cryptocurrency wallet, how can this huge amount of money be lost within an hour.
Hard ware wallet will eventually be their last resort because it like the hackers and scammers are not relaxing their efforts on continuous illegal activities.Am surprise that exchange sites despite the security measures put in place ,still faces problem of hacking and that amount isn't a small something those hackers are big thieves
This is terrifying, if they can move sure amount of Bitcoin within sure time frame something must be wrong some way.According to whales Alert, some bitcoin thieves moves bitcoin stolen from Bitfinex since 2016 which is worth $42 million, (3897 BTC) in 7 transactions in less than 1 hour.
The blockchain security has flagged all the wallet address involved in the transactions.
I think those hardware wallet should be made more cheaper and people should be taught how to to use it and everything ,i don't like hearing this newsHard ware wallet will eventually be their last resort because it like the hackers and scammers are not relaxing their efforts on continuous illegal activities.
I think the blockchain confirmation offers little or no security measure .it only involves them confirming that the bitcoin was in the blockchain . they don't do much to trace the sourceOne thing I have come to realize is that Crypto currencies are easy to launder or steal because of their is no transactions cap and no confirmation or verification needed by any body
there is verification but like the transaction receipt is duplicated kind of verification only, as it is the feature of crypto to be anonymousOne thing I have come to realize is that Crypto currencies are easy to launder or steal because of their is no transactions cap and no confirmation or verification needed by any body
If actually cryptocurrency addresses associated with scamming activities can be flagged , then it is a good step towards providing security for users .Oh I thought bitfinex is secure and safe exchange . I hope they have improved the security now. At least one positive is those addresses have been flagged by the security.
The timeframe is really too short for such huge amount movement which shows that any thing can happen in a short time so everyone needs to be careful with their funds onlineThis is terrifying, if they can move sure amount of Bitcoin within sure time frame something must be wrong some way.
One has to be extra careful
I can't seem to agree with you more. This is an inside job, it must have been done by someone from the bitfinex wallet that did that,they should investigate the wallet because I don't think that kind of transaction can be done by an outsider it may be a hacker but still they should do a torror investigate on the walletall of that money in only 7 transactions ? seems like they were targetting people that they know about so they could do less transactions but more money
Yes I wish this can be possible but with the frequency of change of wallet Address sometimes it becomes difficult to even trace this fraud immediately and get them flaggedIf actually cryptocurrency addresses associated with scamming activities can be flagged , then it is a good step towards providing security for users .
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