Coinbase 6000 users cryptocurrency hacked

[k2h2]

Such a big exchange could not prevent it. Is it still safe keeping any money in crypto exchanges?

 

[CreativeDaddy]

Thanks for the notice, need to check my account asap

 

[aggin]

any money in crypto exchanges?

It never was, as the name suggests it's for exchanging, not holding your valuables.

 

[bladee4r]

Keeping money in exchanges goes against the entire ethos of crypto. In fact, Kraken, one of the biggest crypto exchanges, stresses that you use the platform only for exchange and withdraw the money into your own personal wallet.
Entirety of crypto is based around decentralization and once you store your money elsewhere you forego that entire concept. I have no sympathy, it's to be expected.

 

[k2h2]

Thanks for the notice, need to check my account asap

Yes, all with coinbase account should check. Coinbase declared this.

 

[FannyG]

Never store on an exchange! Always offline and preferably in a hardware wallet!

 

[Pothik]

Such a big exchange could not prevent it. Is it still safe keeping any money in crypto exchanges?

are you confirm?

 

[CaptainCrypto]

not your KEY, not your COIN

 

[Visionroguse]

Oh No ! Thats why I use Binance !

 

[kalki143]

Keeping money in exchanges goes against the entire ethos of crypto. In fact, Kraken, one of the biggest crypto exchanges, stresses that you use the platform only for exchange and withdraw the money into your own personal wallet.
Entirety of crypto is based around decentralization and once you store your money elsewhere you forego that entire concept. I have no sympathy, it's to be expected.

They say that and then go on and impose withdrawal limits to keep crypto in their wallets and appear to be a successful business with assets in their exchange. Sort of like hitting them in their foot with their own axe.

 

[MgicalaEarner]

That's why we say offline wallet are safe

 

[k2h2]

are you confirm?

Yes the news is shared on some sites.

 

[Deleted member 16859]

Such a big exchange could not prevent it. Is it still safe keeping any money in crypto exchanges?

Crypto Exchange & P2P Always has Problem one day or another. Does not matter if it's Binance, Coinbase, By bit or Huobi

My Answer is Exchange is never can be safe for us. May some point of but about our Safety, I won't Trust anyone because, in the end, we all know crypto is Decentralize so anyone can happen.

So to keep safe your Assets with you Forever is the only way is Hardware wallets

 

[Jimoz]

Such a big exchange could not prevent it. Is it still safe keeping any money in crypto exchanges?

Anyone can have bad day, just look at what happend to FB today. I think they will fix that.

 

[k2h2]

Crypto Exchange & P2P Always has Problem one day or another. Does not matter if it's Binance, Coinbase, By bit or Huobi

My Answer is Exchange is never can be safe for us. May some point of but about our Safety, I won't Trust anyone because, in the end, we all know crypto is Decentralize so anyone can happen.

So to keep safe your Assets with you Forever is the only way is Hardware wallets

Hardware wallets is must have for people with lot of money invested in crypto.

 

[Frukt]

Never keep money on a wallet you don't own your private keys on.

 

[DerangedWolf]

What's the actual news? Was it an account level hack or a complete system hack?

 

[k2h2]

Never keep money on a wallet you don't own your private keys on.

Lesson learnt the hard way.