Here is a list of 10 of the largest hacks in the cryptocurrency industry:
1. Mt. Gox crypto hack
Mt. Gox was one of the first and largest cryptocurrency exchanges, but it was hacked in 2014 and lost 850,000 Bitcoin, worth millions of dollars at the time. The hack was a major blow to the cryptocurrency industry and led to a significant drop in the price of Bitcoin.
Mt. Gox was founded in 2010 by Jed McCaleb and was originally a platform for trading Magic: The Gathering cards. It was later repurposed as a Bitcoin exchange and became one of the most popular platforms for buying and selling Bitcoin.
In 2014, Mt. Gox suspended trading and filed for bankruptcy, stating that it had lost 850,000 Bitcoin due to a hack. It later emerged that the hack had actually occurred in 2011 and that the lost Bitcoin had been gradually taken over the course of several years.
The Mt. Gox hack was a significant event in the history of cryptocurrency and highlighted the risks associated with the industry. It also led to increased scrutiny and regulation of cryptocurrency exchanges.
2. Coincheck crypto hack
In 2018, Coincheck, a Japanese cryptocurrency exchange, was hacked and lost 523 million NEM coins, worth approximately $534 million at the time. The hack was one of the largest in the history of cryptocurrency and led to a significant drop in the price of NEM.
Coincheck was founded in 2012 and was one of the largest cryptocurrency exchanges in Japan. In January 2018, the exchange suspended trading and announced that it had been hacked, resulting in the loss of 523 million NEM coins.
The hack was a major blow to Coincheck and led to increased scrutiny of the exchange by Japanese authorities. Coincheck was eventually acquired by Monex Group, a financial services company, and has since resumed trading.
3. Bitfinex crypto hack
In 2016, Bitfinex, a cryptocurrency exchange, was hacked and lost 120,000 Bitcoin, worth approximately $72 million at the time. The hack was one of the largest in the history of cryptocurrency and led to a significant drop in the price of Bitcoin.
Bitfinex was founded in 2012 and was one of the largest and most popular cryptocurrency exchanges at the time of the hack. In August 2016, the exchange announced that it had been hacked and lost 120,000 Bitcoin.
The hack was a major blow to Bitfinex and resulted in the exchange suspending trading for several days. In response to the hack, Bitfinex implemented a number of security measures and eventually resumed trading.
4. Cryptopia crypto hack
In 2019, Cryptopia, a New Zealand-based cryptocurrency exchange, was hacked and lost an undisclosed amount of cryptocurrency. The hack was a major blow to Cryptopia and resulted in the exchange suspending trading for several weeks.
Cryptopia was founded in 2014 and was a small but popular exchange, known for its wide selection of altcoins. In January 2019, the exchange announced that it had been hacked and was suspending trading while it assessed the damage.
The hack was a significant blow to Cryptopia and led to a drop in the price of some altcoins. The exchange eventually resumed trading but struggled to recover from the hack and eventually went into liquidation in May 2019.
5. Binance crypto hack
In 2019, Binance, a cryptocurrency exchange, was hacked and lost 7,000 Bitcoin, worth approximately $40 million at the time. The hack was one of the largest in the history of cryptocurrency and led to a significant drop in the price of Bitcoin.
Binance was founded in 2017 and quickly became one of the largest and most popular cryptocurrency exchanges in the world. In May 2019, the exchange announced that it had been hacked and lost 7,000 Bitcoin.
The hack was a major blow to Binance, but the exchange was able to recover from the incident and continue operating. In response to the hack, Binance implemented a number of security measures and increased its focus on security.
6. BitGrail crypto hack
In 2018, BitGrail, an Italian cryptocurrency exchange, was hacked and lost 17 million Nano, worth approximately $170 million at the time. The hack was a major blow to BitGrail and led to the exchange being shut down.
BitGrail was founded in 2017 and was a small but popular exchange, known for its listing of the Nano cryptocurrency. In February 2018, the exchange announced that it had been hacked and lost 17 million Nano.
The hack was a significant blow to BitGrail and led to the exchange being shut down and its founder, Francesco Firano, being investigated by Italian authorities. The hack also resulted in a drop in the price of Nano and led to increased scrutiny of the cryptocurrency industry.
7. Bitstamp crypto hack
In 2015, Bitstamp, a cryptocurrency exchange, was hacked and lost 19,000 Bitcoin, worth approximately $5 million at the time. The hack was a major blow to Bitstamp and resulted in the exchange suspending trading for several days.
Bitstamp was founded in 2011 and was one of the first and most popular cryptocurrency exchanges. In January 2015, the exchange announced that it had been hacked and lost 19,000 Bitcoin.
The hack was a significant blow to Bitstamp, but the exchange was able to recover from the incident and continue operating. In response to the hack, Bitstamp implemented a number of security measures and increased its focus on security.
8. NiceHash crypto hack
In 2017, NiceHash, a cryptocurrency mining marketplace, was hacked and lost 4,700 Bitcoin, worth approximately $70 million at the time. The hack was a major blow to NiceHash and led to the temporary suspension of the platform.
NiceHash was founded in 2014 and was a popular platform for individuals and organizations to buy and sell cryptocurrency mining power. In December 2017, the company announced that it had been hacked and lost 4,700 Bitcoin.
The hack was a significant blow to NiceHash, but the company was able to recover from the incident and continue operating. In response to the hack, NiceHash implemented a number of security measures and increased its focus on security.
9. Bitpoint crypto hack
In 2019, Bitpoint, a Japanese cryptocurrency exchange, was hacked and lost $32 million worth of cryptocurrency. The hack was a major blow to Bitpoint and resulted in the exchange suspending trading for several weeks.
Bitpoint was founded in 2013 and was a small but popular exchange in Japan. In July 2019, the exchange announced that it had been hacked and lost $32 million worth of cryptocurrency.
The hack was a significant blow to Bitpoint and led to the exchange being acquired by Remixpoint, a financial services company. In response to the hack, Bitpoint implemented a number of security measures and increased its focus on security.
10. GateHub crypto hack
In 2019, GateHub, a cryptocurrency wallet and exchange, was hacked and lost $9.5 million worth of cryptocurrency. The hack was a major blow to GateHub and led to the company implementing a number of security measures.
GateHub was founded in 2014 and was a popular platform for buying and selling cryptocurrency and managing cryptocurrency wallets. In June 2019, the company announced that it had been hacked and lost $9.5 million worth of cryptocurrency.
The hack was a significant blow to GateHub, but the company was able to recover from the incident and continue operating. In response to the hack, GateHub implemented a number of security measures and increased its focus on security.
Overall, it is important to be aware of the risks associated with the cryptocurrency industry, including the risk of hacking and theft. It is always a good idea to use a reputable and secure cryptocurrency exchange and to take steps to protect your assets, such as using a hardware wallet or enabling two-factor authentication.
I am a crypto journalist and blockchain expert. I like technology and started reading about bitcoin in 2013. Crypto is my passion and I like to write about cryptocurrencies.
P.S.
When I wrote the article “Top 10 Crypto Hacks” I analyzed statistics from various reliable sources. Always verified information from the Genesis code.
