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> Security is hard. I'm still wondering how no impactful hacking occured to this day at major exchanges or even the major blockchains. By now it's probably a
by samsonradu 5y ago
> Security is hard.
I'm still wondering how no impactful hacking occured to this day at major exchanges or even the major blockchains.
By now it's probably a top-level target worldwide.
- garmaine 5y agoMtGox? Bitfinex? There has been plenty of hacked tier-1 exchanges.
- swensel 5y agoThere have been a few notable hacks to exchanges, Binance, for example [1]. The DAO hack on the Ethereum network, which caused the fork of Ethereum and Ethereum classic, is also notable [2]. I do think the fact that there hasn't been a successful attack on the Bitcoin network is an example of how resilient it is. Safely securing $1 trillion in value on a decentralized network that hasn't been hacked in over a decade of operation, when as you said, it's probably a top-level target, is pretty amazing. [1] https://www.cnbc.com/2019/05/08/binance-bitcoin-hack-over-40-million-of-cryptocurrency-stolen.html https://www.cnbc.com/2019/05/08/binance-bitcoin-hack-over-40... [2] https://www.gemini.com/cryptopedia/the-dao-hack-makerdao https://www.gemini.com/cryptopedia/the-dao-hack-makerdao
- onebot 5y agoAlso consider the coins themselves. Hacking (or miscoding) is why there is an Etherium and Etherium classic. They had to hard fork to return funds.