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[microunit]

The exchange platform Eterbase just got an attack from hackers where wallets of their users exchange accounts got hacked and got stolen from. The total amount of assets stolen were around $5.4m. The exchange though updated that they have necessary amount of assets to cover for their users as they don't want their users to suffer the attack they got.

 

[onlyprofits]

At the beginning of 2017 I had a partner in Peru and I expressed my interest in having an exchange, but he was very doubtful about the idea and since he was the one that had the majority of the capital, I gave up the idea. I imagine today if we had had an exchanger, fighting against hackers, in truth at that time we were not prepared for everything that was needed economically and technically to have an exchange, I think they would have already hacked us, hahaha.

 

[Reznov]

The issue is that hackers are using their intellegence in the very negative way, since they clearly know what to target and when.
and damn, that's a lot of money, i hope people get back their money (if there's any chance)

 

[onlyprofits]

Thank God the exchanger took responsibility and is going to return the money stolen by the hackers to the users. I continue to insist on the privacy limits that transactions in this ecosystem must have

 

[Wisdom01]

$5.4m. ??? , I think those exchange site needs to beef up their security system because hacking of exchange site is becoming rampant and people will start Keeping their BTC in a safe system

 

[Josemendez]

The exchange platform Eterbase just got an attack from hackers where wallets of their users exchange accounts got hacked and got stolen from. The total amount of assets stolen were around $5.4m. The exchange though updated that they have necessary amount of assets to cover for their users as they don't want their users to suffer the attack they got.

This is a good move on the part of the company in refunding the money to the user and also a call for concern on part of other exchange companies .

 

[Niftyicon]

I think Etherbase taking up the responsibility of refunding the funds of the customers who were affected is a really nice gesture. They really need to do more in the area of security though.

 

[Wisdom01]

This is a good move on the part of the company in refunding the money to the user and also a call for concern on part of other exchange companies .

Yeah they really try but if they don't do that they might be penalised so they have to do the right thing by refunding the cash

 

[Niftyicon]

Yeah they really try but if they don't do that they might be penalised so they have to do the right thing by refunding the cash

It was still magnanimous of them all the same. Thankfully, compared to some times ago, more security measures have been put in place by most exchanges now.

 

[Wisdom01]

It was still magnanimous of them all the same. Thankfully, compared to some times ago, more security measures have been put in place by most exchanges now.

Yeah i think exchange sites are now improving their security now because i hardly hear of any exchange sites been hacked i think

 

[Niftyicon]

Yeah i think exchange sites are now improving their security now because i hardly hear of any exchange sites been hacked i think

The lack of such news in recent times is what I placed my conclusions on too. It was so rampant in the past that I was truly afraid to make use of exchanges.

 

[Wisdom01]

The lack of such news in recent times is what I placed my conclusions on too. It was so rampant in the past that I was truly afraid to make use of exchanges.

Yeah true i was already splitting my crypto investment then in multiple exchange sites because of that i think , so that incase one was hacked

 

[achawaskey]

This is the reason why as a crypto exchange you need to take your security very serious, even if it implies paying a hacker to try and bridge your security. Because any security bridge will be difficult to recover.

 

[Rollerkid]

Yeah they really try but if they don't do that they might be penalised so they have to do the right thing by refunding the cash

Maybe they didn't do it because they might be penalized, it's always stated clearly that we trade at our own risk and that is one main reason why it's not advisable to keep your funds on centralized wallets.

 

[Wisdom01]

Maybe they didn't do it because they might be penalized, it's always stated clearly that we trade at our own risk and that is one main reason why it's not advisable to keep your funds on centralized wallets.

I think trading at risk dosent mean they won't still make refund incase the exchange site get hacked is their obligation to do so i think ,so they need

 

[Kunkun]

What the exchanger is doing and taking responsibility was the first true step because investors trusted them enough to bank with them so it's fair, they just have to update their security better now

 

[BullyMaguire]

Good thing they are not gonna let their users suffer because it's their responsibility to protect them from hackers while their money is on their platform

 

[a_jerobon]

That is a great amount lost through hacking. Such cases have been so much and the exchange sites should tighten their security. I am glad that this exchange site is willing to compensate the users, that is so loyal of them.