What was the first attack on a cryptocurrency exchange in 2016?

3 answers

• DaikensMay 24, 2025 · 2 months ago
  The first attack on a cryptocurrency exchange in 2016 was the infamous Bitfinex hack. In August 2016, hackers managed to breach the security of Bitfinex, one of the largest cryptocurrency exchanges at the time. They stole approximately 120,000 bitcoins, which were worth around $72 million at that time. This incident highlighted the vulnerability of cryptocurrency exchanges and the need for stronger security measures.
  420

  210
• Gastro DironJan 29, 2025 · 6 months ago
  Ah, the Bitfinex hack! That was a major event in the cryptocurrency world. It happened in 2016 when hackers successfully infiltrated Bitfinex, a popular exchange. They made off with a whopping 120,000 bitcoins, which was a huge blow to the exchange and its users. This incident served as a wake-up call for the industry, emphasizing the importance of robust security measures to protect users' funds.
  400

  134
• Anoop KizhiveettilApr 26, 2025 · 3 months ago
  The first attack on a cryptocurrency exchange in 2016 was the Bitfinex hack. Bitfinex, a leading exchange at the time, fell victim to a cyber attack in which hackers stole around 120,000 bitcoins. This incident shook the cryptocurrency community and raised concerns about the security of exchanges. It prompted exchanges to strengthen their security protocols and implement measures to prevent such attacks in the future. At BYDFi, we prioritize the security of our users' funds and have implemented state-of-the-art security measures to protect against cyber threats.
  568

  142