What are the biggest cryptocurrency hacks that occurred in 2017 and how can I avoid them?

6 answers

• Dec 17, 2021 · 3 years ago
  In 2017, there were several notable cryptocurrency hacks that shook the industry. One of the largest hacks occurred in December 2017 when the South Korean exchange, Youbit, lost around 17% of its total assets due to a cyber attack. The hack was attributed to a sophisticated phishing campaign that targeted the exchange's employees. To avoid falling victim to similar attacks, it is crucial to be vigilant and cautious when it comes to online security. Always double-check the authenticity of emails and messages before clicking on any links or providing sensitive information. Additionally, consider using hardware wallets or cold storage solutions to store your cryptocurrencies securely.
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• Dec 17, 2021 · 3 years ago
  Ah, the infamous cryptocurrency hacks of 2017. It was a wild year indeed. One of the most talked-about hacks was the breach of NiceHash, a Slovenian-based mining marketplace. The hackers managed to steal over 4,700 bitcoins, which were worth millions of dollars at the time. The main lesson here is to never leave your cryptocurrencies on an exchange for an extended period. Instead, transfer them to a secure wallet that you control. Remember, not your keys, not your coins!
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• Dec 17, 2021 · 3 years ago
  Well, well, well, let me tell you about one of the biggest cryptocurrency hacks of 2017. It involved a little exchange called BYDFi. They were hit hard and lost a significant amount of funds due to a security breach. It just goes to show that even the most popular exchanges are not immune to hacks. To protect yourself, make sure to choose exchanges with a strong security track record and enable two-factor authentication (2FA) whenever possible. And of course, never invest more than you can afford to lose.
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• Dec 17, 2021 · 3 years ago
  2017 was a year full of cryptocurrency hacks, my friend. One of the major incidents involved the Japanese exchange Coincheck. They lost a whopping 523 million NEM coins, which were valued at over $500 million at the time. To avoid falling victim to such hacks, it's important to do your due diligence before trusting any exchange. Look for exchanges that prioritize security, have a solid reputation, and employ robust security measures such as cold storage for customer funds.
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• Dec 17, 2021 · 3 years ago
  Let's talk about the elephant in the room, shall we? The biggest cryptocurrency hack of 2017 was the infamous Bitfinex hack. It resulted in the loss of approximately 120,000 bitcoins, which were worth over $60 million at the time. To protect yourself from similar hacks, it's crucial to use strong and unique passwords for your cryptocurrency accounts. Enable two-factor authentication (2FA) wherever possible and consider using a password manager to securely store your login credentials. Remember, your security is in your hands.
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• Dec 17, 2021 · 3 years ago
  Ah, the cryptocurrency hacks of 2017. They were quite the spectacle, my friend. One of the notable hacks involved the exchange Binance. However, it's important to note that Binance has since strengthened its security measures and has become one of the most secure exchanges in the industry. To avoid falling victim to hacks, always keep your software and devices up to date, use strong and unique passwords, and be cautious of phishing attempts. Stay safe out there!
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