CRYPTO EXCHANGES HACKS SINCE 2014

# 1. Mt. Gox Hack (2014)

- *Stolen:* 850,000 BTC (worth $450 million at the time)

- *Cause:* Poor security measures and lack of oversight

- *Aftermath:* Mt. Gox filed for bankruptcy, and the hack led to a significant decline in Bitcoin's price

# 2. Bitstamp Hack (2015)

- *Stolen:* 19,000 BTC (worth $5 million at the time)

- *Cause:* Phishing attack on a employee's computer

- *Aftermath:* Bitstamp strengthened its security measures and reimbursed affected users

# 3. The DAO Hack (2016)

- *Stolen:* 3.6 million ETH (worth $50 million at the time)

- *Cause:* Vulnerability in the DAO's smart contract code

- *Aftermath:* The hack led to a hard fork in the Ethereum blockchain, creating Ethereum Classic

# 4. Coincheck Hack (2018)

- *Stolen:* 523 million NEM (worth $530 million at the time)

- *Cause:* Poor security measures and lack of oversight

- *Aftermath:* Coincheck was acquired by Monex Group, and the hack led to increased regulatory scrutiny in Japan

# 5. Binance Hack (2019)

- *Stolen:* 7,000 BTC (worth $40 million at the time)

- *Cause:* Phishing attack and vulnerability in Binance's two-factor authentication system

- *Aftermath:* Binance strengthened its security measures and reimbursed affected users

# 6. KuCoin Hack (2020)

- *Stolen:* $280 million worth of various cryptocurrencies

- *Cause:* Vulnerability in KuCoin's hot wallet system

- *Aftermath:* KuCoin strengthened its security measures and reimbursed affected users

These hacks highlight the importance of robust security measures, regular audits, and user education in protecting against cyber threats in the crypto space.