Source : Google
Crypto Exchange Hacks (2011-2021)
Exchanges get hacked all the time, which is why crypto experts always advise to keep one’s long-term holdings in HD wallets (cold storage) instead of risking their hard-earned money being stolen. In this blog, we’ve compiled a comprehensive list of all the hacks that we know of, from the early days of crypto, to most recent times.
🔶 Mt. Gox (2011-2014)
Assets Stolen – 850,000 BTC
Losses Recovered: Trial ongoing
Type of Hack: Database breached
🔶 Poloniex – 2014
Assets Stolen: 97 BTC
Losses Recovered: 100%
Type of Hack: Bug Exploit
🔶 Bitstamp – 2015
Assets Stolen: 18,866 BTC
Losses Recovered: 0%
Type of Hack: Social Engineering
🔶 Bitfinex – 2016
Assets Stolen – 119,756 BTC
Losses Recovered: 100% (via BFX Tokens)
Type of Hack: Bug Exploit
🔶 Coincheck – 2018
Assets Stolen: 523 million NEM
Losses Recovered: 100%
Type of Hack: Security Breach
🔶 Zaif – 2018
Assets Stolen: 5,996 BTC, BCH, MONA
Losses Recovered: 100%
Type of Hack: Security Breach
🔶 Bancor – 2018
Assets stolen: BNT, ETH, NPXS (approx. $23.5 million)
Losses Recovered: 42.5% (all $BNT tokens)
Type of Hack: Security Exploit
🔶 Cryptopia – 2019
Assets Stolen: ETH, ERC-20 Tokens
Losses Recovered: 0%
Type of Hack: Security Exploit
🔶 DragonEx – 2019
Assets Stolen: BTC, ETH, LTC, XRP, EOS, USDT
Losses Recovered: 100% (via Dragon Bond)
Type of Hack: Security Breach
🔶 Bithumb – 2019
Assets Stolen: 4,732 BTC
Losses Recovered: Pledged to reimburse
Type of Hack: Insider Security Breach
🔶 Binance – 2019
Assets Stolen: 7,074 BTC
Losses Recovered: 100% (via SAFU)
Type of Hack: Security Breach
🔶 BITPoint – 2019
Assets Stolen: BTC, LTC, ETH, XRP
Losses Recovered: Over $2.3 million
Type of Hack: Security Breach
🔶 Upbit – 2019
Assets Stolen: 342,000 ETH
Losses Recovered: Upbit stated to cover 100%
Type of Hack: Security Breach
🔶 Altsbit – 2020
Assets Stolen: BTC, ETH, ARRR, VRSC, KMD
Losses Recovered: 0%
Type of Hack: Security Breach
🔶 ETERBASE – 2020
Assets Stolen: BTC, ETH, XRP, TRX, XTZ, ALGO, ERC-20 Tokens
Losses Recovered: Able to retrieve ‘significant’ part of stolen amount
Type of Hack: Security Breach
🔶 KuCoin – 2020
Assets Stolen: BTC, ETH, ERC-20 Tokens
Losses Recovered: Expected to be fully covered by KuCoin
Type of Hack: Security Breach
🔶 Bitmart – 2021
Assets Stolen: $150-200 million worth of crypto assets
Losses recovered: Ongoing investigation
Type of Hack: Security Breach
Do you think it’s safe to keep funds in Crypto exchanges? Let us know in the comments below.
