![]() Gox hack represented $450M in crypto-wealth as of early 2014, back when Bitcoin cost about $560. But keep in mind what this really means: the Mt. This creates a fair comparison because the value of cryptocurrencies changes literally every second of every day. The critical thing to remember about our graph is that it represents the value of the cryptocurrency theft at the time it occurred. All things being equal, the average crypto-hack comes out to about $37M. The latter is still causing lots of consternation within the cryptocurrency community. The only other two cryptocurrency hacks worth more than $100M were Parity’s Ether wallet hack ($160M) and BitGrail’a Nano hack from early this year ($170M). The second-most devastating hack happened very recently in a Tokyo exchange called Coincheck, for the somewhat obscure NEM coins. Prior to that time, there was exactly one hack over $10M, the infamous Mt. $10M+ hacks started happening with some regularity after the summer of 2016, right when the crypto-market started taking off. This approach lets you easily see how often and to what extent the crypto-market has sustained attacks over the last several years.Ī general trend is immediately obvious about our visualization: cryptoc hacks have generally become more common and more valuable over time. We combined a cluster graph representing the size of the hack on a timeline with the logo of the exchange or wallet provider that fell prey. ![]() There’s no central record keeper for this sort of thing, so CryptoAware undoubtedly missed some. We created our new graph by taking data from, which recently published a list of highly significant crypto hacks and scams.
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