Coinbase 6000 users cryptocurrency hacked

k2h2

Banned - Multiple Rules Violations
Jr. VIP
Joined
May 7, 2021
Messages
885
Reaction score
197
Such a big exchange could not prevent it. Is it still safe keeping any money in crypto exchanges?
 

bladee4r

Regular Member
Joined
May 3, 2021
Messages
365
Reaction score
334
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.
 

FannyG

Junior Member
Joined
Jan 24, 2021
Messages
189
Reaction score
54
Never store on an exchange! Always offline and preferably in a hardware wallet!
 

kalki143

Registered Member
Joined
Aug 21, 2021
Messages
64
Reaction score
15
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.
 
D

Deleted member 16859

Guest
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

Supreme Member
Joined
Apr 22, 2020
Messages
1,272
Reaction score
1,241
Website
t-ranks.com
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

Banned - Multiple Rules Violations
Jr. VIP
Joined
May 7, 2021
Messages
885
Reaction score
197
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

Jr. VIP
Jr. VIP
Joined
Jan 30, 2020
Messages
125
Reaction score
40
Never keep money on a wallet you don't own your private keys on.
 

Bloodseeker

Jr. VIP
Jr. VIP
Joined
Apr 30, 2018
Messages
745
Reaction score
692
Website
gum.co
What's the actual news? Was it an account level hack or a complete system hack?
 
Top