Ethereum: Why can’t we fight Bitcoin thieves by not accepting payments from hacked accounts?

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Ethereum: Why can’t we fight Bitcoin thieves without receiving payments from hacked accounts?

The rise of cryptocurrency has caused a new era of new online safety and anonymity, but it also comes with the risk that hackers sacrifice. One of the most significant concerns is the theft of cryptocurrencies through hacked accounts, especially those who are not treated with public keys.

In this article, we are looking at why simply stopping the acceptance of hacked account payments may not be enough to prevent cryptocurrency spots. We look at the underlying questions and discuss possible solutions that can help relieve these risks.

Why can’t we just stop paying payments from hacked accounts?

One may wonder why hackers need to accept charges, especially when they have public addresses. The answer is, in fact, that a hacked account is often used as an advantage for other harmful measures, such as stealing sensitive information or transferring funds to criminal partners. By accepting payments for these endangered accounts, we mainly provide a means to these hackers to wash their poorly gained profits.

In addition, even if we could somehow prevent hackers from receiving our public addresses, they would still be able to endanger user accounts by means of phishing scams, password -cracking techniques, or other forms of social technology. These attacks are often very sophisticated and can lead to significant financial losses.

Why don’t we simply stop accepting payments on hacked accounts?

The primary reason is that we do not just stop paying payments from hacked accounts is due to the natural risks associated with cryptocurrencies. Public addresses provide an anonymity and safety level, which makes it difficult to track and return authorities from stolen funds. Although public keys may not be easily available, they are still connected to individual users.

In addition, the decentralized nature of cryptocurrencies means that there is no point of central or one control. This deficiency of a centralized governance also limits our ability to close accounts or freeze funds quickly, so it is challenging to react to rising threats.

Alternative Solutions: Protecting Users and Preventing theft

So what can we do instead of simply stopping paying payments from hacked accounts? Here are some possible solutions:

  • Use a two-factor authentication (2FA) : Implement the 2FA protocols that require users to provide additional format, such as the code sent through SMS, or their mobile device.

  • CONTINUE RECEIVED ACCOUNT : Set the notifications for suspicious events and regularly check the account’s activity to detect possible security breaches.

  • Use strong password management : Encourage users to use unique, complex passwords that are difficult to guess and consider using password management to create and store safe access information.

  • Take IP -Solded List : Allow users to determine which IP addresses can use their account or prevent suspicious traffic from unknown sources.

  • Improve User Training

    : Training Users on the best practices for online safety, such as avoiding phishing and careful by clicking on links or downloading attachments.

conclusion

Although simply stopping the payments of hacked accounts may seem like a straightforward solution to prevent encryption currency, it is not that easy. The decentralized nature of cryptocurrencies makes the authorities challenging to trace and restore stolen funds, and the lack of centralized administration limits our ability to respond to rapidly rising threats.

By implementing alternative solutions such as 2FA, regular tracking, password management, IP whitening and user training, we can significantly improve the safety and anonymity of cryptocurrencies.

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