What are the biggest crypto hacks in recent years?

1 answers

• Anibal RaleyJul 02, 2023 · 2 years ago
  Certainly! Here are some of the biggest crypto hacks in recent years: 1. The infamous Mt. Gox hack in 2014, where around 850,000 Bitcoins were stolen, leading to the exchange's collapse. 2. The Bitfinex hack in 2016, which resulted in the loss of 120,000 Bitcoins. The exchange later reimbursed affected users with BFX tokens. 3. Binance, one of the largest exchanges, experienced a hack in 2019, but managed to cover the losses using their SAFU fund, ensuring no user funds were affected. 4. Coincheck, a Japanese exchange, suffered a hack in 2018, losing approximately $530 million worth of NEM tokens. 5. Bitthumb, a South Korean exchange, was also hacked in 2018, resulting in the theft of around $31 million worth of cryptocurrencies. These incidents serve as a reminder of the importance of robust security measures and the need for users to exercise caution when storing their digital assets.
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