The FBI reports said that $28 million in losses were reported to them in 2016, triple what they saw in 2015. But that’s only what’s reported.

It’s hard to imagine a money launderer or terrorist emailing the FBI to let them know they were hacked and lost money. That means that no one actually knows how much money has been lost to hacking, but the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable."

I fully agree with you...
there is no successful hack of the Bitcoin blockchain. The hackers hack someone's wallet to stole their Bitcoin. Thank you, I was a bit confused about this concept.

atleast put right options for your question,anyways the answer is straight no, everything on internet is immune to be hacked how much small the probability is, it can be  due to virus,crashing of internet and fraud exist everywhere,if you not smart enough about what you are doing you are more likely to be fraud.you need to smart enough and know about the companies ,ideas,or what ever the thing you entering into.

Yes and No also. Because there have been so many hacks already taken place into the crypto currency market and big exchangers have lost big market already.

But there are cases where exchangers were secure enough to protect themselves from the hack and before it could take place. SO it really depends exchanger to exchanger where they are vulnerable to the hacks and fraud or not.



Yeah even I'm confused why options like this which are not even closely related to question itself. Lolz. The answers where just Yes, NO, and May be!

Do not worry. I believe that the developer of bitcoin have gone extra miles to make sure that bitcoin is Immune from hacking and fraud. But just make sure that you protect your personal wallet.

This isn’t question for the community but for the exchangers itself. The owners should be the one who must be beware of such things. There has been reported attacks on the big exchangers which completely states that they always get the hack attacks. I don’t think fraud is the problem with big companies but it could be case with newly launched exchanger and small one.


Im pretty sure that the exchangers are taking almost tight security of their servers as they are also staking their own money into the exchanger and they will never want billions of dollars just fled away like that. For the individual accounts they are giving added security with 2FA and 3D secured password. Even some exchanger have extra security like OTP authentication. With all this it seems to be impossible to crack the code. So I think we are protected completely.

Exchanges indeed are the hottest targets of hacks and inside jobs due to the amount of money they handle every day, but bitcoin itself is very secure and before any changes would be implemented, thousands of nodes would first need to verify whether the version of the said system they're running is safe and secure. Needless to say, exchanges should strengthen their system and databases but for bitcoin, there's nothing left to improve in terms of security for now.

The third party services is definitely the weak point for Bitcoin. As far as I know the Bitcoin protocol has never been hacked.

Look back at all the hacks that has been done in Bitcoin and you will see that most of them were done on exchange

platforms. Bitcoin software is decentralized, but these third party software is centralized.  

This question is formulated pretty universally.
Bitcoin itself (the blockchain, the software itself and the transactions) can't be hacked or manipulated in any way.
But any 3rd party software, theoretically, can be manipulated. Your PC also can be "hacked" (or better: infected with malware).
This could lead to your btc's being stolen (depending on how you store your coins).
BTC is also quite often used in frauds. Look at all the ransomware around. They collect payments via BTC, because it has those beneficial features.
But as long you store your coins right, and use your common sense with a pinch of security in mind.. your coins will stay safe and can't be stolen or "hacked".