D
Deleted member 1333509
Guest
https://www.coindesk.com/hackers-drain-kucoin-crypto-exchanges-funds
This was just what was available in their hot wallets
This was just what was available in their hot wallets
Add some . or , in your text. It helpsAm I the only one who believes that if you come up with a proper scheme then there is a huge possibility that those weren't just some random hackers and the founders or at least insiders of all these "hacked" exchanges are involved?
man, this is always the worst part with that technical stuff, even in small scale. you never know if you can trust the seller/service provider. my father's business system gets hacked every 2 years or so, and each time we have to pay the system owner for a new license + installation. its been 3 times already. its around 800usd, but that's quite a bit of money here. problem is, we don't know whats hacked, where do they get in, if its the system fault, or our internet fault, anything.But yes, you never know if it's an inside job or not.
This is solved if you use an open source code. Open source means every line of code is public. Anyone can read and modify it. That way you can be sure it is not malicious and it will be maintained by other developers.man, this is always the worst part with that technical stuff, even in small scale. you never know if you can trust the seller/service provider. my father's business system gets hacked every 2 years or so, and each time we have to pay the system owner for a new license + installation. its been 3 times already. its around 800usd, but that's quite a bit of money here. problem is, we don't know whats hacked, where do they get in, if its the system fault, or our internet fault, anything.
yeah, open source is great. in our case, my father only speaks Spanish, and needs a software that's quite particular to his type of business. so i cant really find him a replacement easily (i am not in the same city than his business either). we could work around that, but the real problem is that he is getting old and tired of bullshit, he doesn't want to learn new skills or deal with nitty-gritty stuff or half assed softwares, he just wants to work his last decades in peace. and since the business actually does quite well, he just rolls with the economic punches because he can afford it. and that's the kind of attitude that gets you scalped. he did swear that if it happens again and the provider doesn't give him at least a good discount on the new license, he will change software provider.This is solved if you use an open source code. Open source projects have every line of code public. Anyone can read and modify it. That way you can be sure it is not malicious and it will be maintained by other developers.
Users will get back everything, no one will lose funds apart from KuCoin who are for sure insured against breaches like this.RIP to the traders who had their shit on the exchange at that moment and RIP to dummies who kept their shit on the exchange as in HODL.
You'd have to be pretty dumb to fuck with your own multi-billion dollar business and deliberately neg your own reputation.Am I the only one who believes that if you come up with a proper scheme then there is a huge possibility that those weren't just some random hackers and the founders or at least insiders of all these "hacked" exchanges are involved?
No exchange is safebinance are safe to hold btc thier ??