$1 Billion Dollar’s Worth of Cryptocurrency Stolen in 2018

[mckinleeanael07]

This is probably a wake-up call for new crypto projects when everything is not secure, hackers are always looking for such projects to steal money, recently Farming projects are also constantly being hacked Such a theft, perhaps the cryptocurrency platform is a land of hackers.

[Orwas]

And now my friend they are stealing more worth of 1bilion $ by fake exchange sites like what on bycoin exchange site in Turkey the just stoal it and run away

[stomachgrowls]

And now my friend they are stealing more worth of 1bilion $ by fake exchange sites like what on bycoin exchange site in Turkey the just stoal it and run away

Nothing new and this would continue upto coming years or until this market would ran and as long there would be money circling around then this would be always a honeypot for hackers and scammers.

https://fortune.com/2021/04/06/cyber-thefts-bitcoin/
https://www.coindesk.com/tag/hacks

Mt.Gox would be the number one in the list plus those exchangers do end up on getting hacked or just simply some inside jobs and indirectly
telling that it was a hacking incident. No one really knows.

[Miaallen]

What was stolen is a child's play compared to what was stolen in Cryptocurrency space within the late 2020 and 2021. Late 2020 saw a hack in kucoin which was one of the most secured exchanges in the second tier level. Over $600M worth of tokens was stolen.

And the emergence of Binance Smart Chain has also seen lot of manipulation which can be regarded as theft. Many projects have been affected in flashloan attacks which are responsible for for loss of funds.

Everyone just have to be careful in dealing in Cryptocurrency and investments should be done with caution of investing what one can afford to lose.