What are the largest crypto hacks in history?

1 answers

• rajeev ahirJan 07, 2023 · 3 years ago
  Oh boy, let me tell you about some of the biggest crypto hacks in history! These hacks were no joke and had a massive impact on the crypto industry. 1. Mt. Gox: This one happened back in 2014 and it was a doozy. Mt. Gox, which was once the biggest Bitcoin exchange, got hacked and lost a whopping 850,000 Bitcoins. That's a cool $450 million down the drain! 2. Coincheck: Those sneaky hackers struck again in 2018, this time targeting Coincheck, a Japanese exchange. They made off with around $530 million worth of NEM coins. Ouch! 3. Binance: Ah, Binance, one of the big players in the crypto world. In 2019, they had a little security breach and lost 7,000 Bitcoins. That's about $40 million gone in a flash. 4. Bitfinex: Hong Kong-based Bitfinex was the victim of a hack in 2016. They lost around 120,000 Bitcoins, which was worth a cool $72 million. Talk about a bad day! 5. The DAO: This one's a bit different. The DAO was a decentralized organization built on the Ethereum blockchain. In 2016, it got hacked and $50 million worth of Ether was stolen. Yikes! These hacks shook the crypto industry to its core and forced everyone to take security more seriously. It's a wild world out there, my friend!
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