


Binance used its Secure Asset Fund for Users (SAFU) to cover the losses. In May 2019, Binance, one of the world's largest cryptocurrency exchanges, suffered a security breach in which hackers stole 7,000 bitcoins, worth around $40 million at the time. Bitfinex later announced that it would socialize the losses, spreading them across all of its users. The attackers reportedly gained access to Coincheck's servers by sending a phishing email to one of its employees.īitfinex, a Hong Kong-based cryptocurrency exchange, was hacked in August 2016, resulting in the loss of approximately 120,000 bitcoins, worth around $72 million at the time. The theft was later determined to have been the result of a long-term hacking effort.Ĭoincheck, a Japanese cryptocurrency exchange, lost $530 million worth of NEM tokens in a hack in January 2018. In February 2014, it filed for bankruptcy after reporting that approximately 850,000 bitcoins, worth around $450 million at the time, had been stolen from its servers. Gox was a Bitcoin exchange based in Tokyo, Japan, that was once the largest Bitcoin exchange in the world. In this article, we'll be taking a look at the 10 biggest crypto heists of all time. Over the years, we have seen several high-profile crypto heists that have caused millions of dollars worth of losses. Cryptocurrencies have always been vulnerable to cyber attacks and thefts due to the decentralized nature of blockchain technology.
