Exploring the Biggest Cryptocurrency Heists in History

    The article provides a list of some of the most significant cryptocurrency heists in history.

    The first one is MT Gox, which suffered the greatest cryptocurrency theft between 2011 and 2014 when more than 850,000 bitcoins were stolen. The breach was due to the transaction malleability issue, which is the process of altering a transaction’s unique identifier.

    The second one was Linode, a web hosting company that was hacked in June 2011, resulting in the theft of over 46,000 bitcoins.

    BitFloor, a bitcoin exchange, was also hacked in May 2012, and 24,000 bitcoins were stolen.

    Bitfinex, another exchange, was also targeted, and 119,756 bitcoins were stolen despite its multisig security features.

    Bitgrail, a small Italian exchange trading in obscure cryptos, suffered losses of $146 million in February 2018, while Coincheck, a Japanese-based exchange, lost $530 million worth of NEM tokens in January 2018 due to staffing and security flaws.

    In September 2020, KuCoin, a cryptocurrency exchange, suffered a loss of $275 million in a hacking incident attributed to North Korean hackers, the Lazarus Group, while PancakeBunny, a DeFi platform, lost $200 million in May 2021 in a flash loan attack.

    Stay in the Loop

    Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest stories

    - Advertisement - spot_img

    You might also like...