Top Cryptocurrency Hacks So Far

The advent of digital currencies in the mainstream brought about its own set of challenges in terms of regulation and security.

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One of the significant barriers to crypto adoption is hacking, and the prospect of malicious attacks. Here are the top crypto hacks that have happened so far.

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Ronin Network: $625 million The biggest crypto hack so far, the hack was made up of 173,600 ETH (roughly $595 million) and $25.5 million in USD tokens.

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Poly Network: $611 Million In August 2021, the DeFi network platform, Poly Network was targeted by a lone hacker who made of with more than $600 million which also included $33 million worth of Tether.

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Binance: $570 million The Binance hack is considered one of the most high-profile hacks to date where the hackers created extra Binance Coins (BNB) and the withdrew 2 million BNB tokens.

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Coincheck: $534 Million The Japanese crypto exchange, Coincheck suffered an attack in January 2018 where the attackers targeted lesser-known NEM coins.

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Mt. Gox: $473 Million The first major crypto hack took place in 2011 at the crypto exchange Mt. Gox, which at that time held 70% of all Bitcoin transactions. The attack happened again in 2014 where the firm lost assets worth $473 million.

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