There's no platform that's truly secure and free from security threats. Even though developers continuously improve their security, hackers will still keep trying to break into their systems.


This is because of the money, since popular sites usually have funds they can target. It can also boost their reputation, as successfully hacking a well-known site is usually more difficult, and if successful, it proves their skills.


It could be from insiders, but it could also be because the site's security is weak, making it exploitable by hackers. No matter how hard developers try, the most they can do is improve their security and minimize the potential for hacking. They can't make a site completely safe from every possible threat.


I have no business with anyone who works on the sites I use. It's the site owners' responsibility to employ trustworthy people who won't exploit their sites.

I think maybe there's a certain flaw in design exploited upon first notice that was discovered in the systems after the first few hacks happened and it turns out that the other affected sites had same flaws in their system without noticing and these hackers being relentless just kept discovering them and exploiting them to their selfish benefits.

Otherwise, how could you explain the almost frequent increase in consistent hacking that has been ongoing, if there wasn't a specific information that pointed out a flaw in the design system that could be exploited without much security challenges?

Internet cybersecurity creates programs that can shut down the hackers' tools, then the hacker creates a program that will outsmart the cybersecurity program.  It is a cycle, so it is not correct to assme that no one can outsmart those hackers.


Hackers target popular sites for bigger hauls.  The bigger the site is, especially exchanges or other financial platforms, the more money they can steal.  Aside from that, some hacker are fond of getting popular, another reason why they target well-known sites.


No, it does not mean that no one can develop stronger security measures.  As a matter of fact cybersecurity develop stronger protocols that can detect and resist current hacking tools but along the development, hackers can also create script that can find glitches, weakness and flaws on the implemented security. Then the security team develops patches and firewalls to fix those vulnerabilities and block hackers, and the cycle goes on.

But there is no news that someone bitcoin wallet has been hacked directly. And when an organization is hacked, it is because of their security weaknesses. But by hacking big companies, hackers first get a huge amount of money financially. And when popular companies are hacked, the price of the most popular cryptocurrencies in the entire crypto market suddenly decreases. Which we noticed on the day of the Binance hacking. They try to take additional opportunities from here too.

Because if the price of a cryptocurrency can be reduced by 10% by manipulating the market, then even for that short period of time, you can buy cryptocurrency at a lower price. Over time, those cryptocurrencies usually recover their value again.

And since it is possible to withdraw billions of dollars from cryptocurrency through hacking, where it is not possible for ordinary people to earn that amount of money, it is possible that the government of a country secretly hires hackers or works with them, which benefits the government of that country. For example, after the Binance hacking, the name of North Korea came up. Many people are expressing their opinion on social media that the North Korean president is behind this.

I guess it depends on the hackers. Hackers have different skill set than others and I think there are hackers that aren't on the same level as the ones who hacked binance which is why they are trying to target small but relative crypto exchanges, those who have security that they can penetrate. We can assume that binance has the top security level as we can assume they spend a lot more on security since they have history with hacking but yeah, these hackers still finds a way to penetrate. Targetting those small to mid exchanges means you will only get a not so big amount compared to those who were in the top but I'm guessing that the security of those are no match to the top exchanges like binance.

At the end of the day, "no system is safe". The technology is rapidly evolving, new implementation on the system means new vulnerabilities. These companies protect their funds to the highest level as they can and we know that they don't spend a petty amount of money for their security, given how much hacking incidents we are having today.

Hackers targeting exchanges and casinos is not a new thing, we had seen the worst hack in 2014 itself with Mt Gox incident and the hacks were happening after that too. We developed strong security measures than the past which doesn't means no one can hack it and hackers also getting better at it, so they should keep watching for any vulnerabilities in the system and for that they need to have experts in handling the issue than just someone with the qualification.

Outsmarting the hackers is something that happens everyday, otherwise, you'd be hearing news of hacks everyday. Do not think that the success rate of these hacks is as high as the actual probes and attacks that these platforms resist daily. It's just that once in a while, a hacker discovers what the exchange or protocol either overlooked or didn't know was there.
That's because the money is in those popular plaforms. They have to go throuigh those sites to reach the money.
Someone can, and they actually have some platforms that the hackers have so far been unable to breach, but we don't really count on that. Hacks are not necessarily from the "inside" although the humans are also a weak link in the security chain. A weak password, a breached or partially implemented protocol, social engineering are all vectors that can be exploited by a hacker.


You vet them to make sure they have no affinity to organized criminal syndicates. Hackers do not necessarily need staff of an organization to attack it. They have several attack interfaces to probe for flaws.

You raised a valid point. According to my view hacking is not a new game, it has always been an interesting activity for hackers. There is no system that is 100% valid or efficient, all these have some type of loopholes in itself.

why well known sites get hacked??? Because Hackers always attack larger platforms for greater profit, attack on small platform makes no sense.

I think so cold security pattern would be efficient to some extent in this way.

About insiders: yes, this threat is real and this threat is exagerating the situation further....

Hackers continuously check their targets systems to see if they can find or create any loopholes in those systems. Whenever they find a loophole they start their operation. This means the platforms where hackers haven't found or managed to create any loopholes have already outsmarted those hackers. These hackers are very clever. They specifically hack crypto related companies so that no one can trace them. We may see even more hacks since no one is able to catch them.