Top 5 Biggest Hacks in the Crypto World

Top 5 Biggest Hacks in the Crypto World

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Bitcoin is renowned for its transparency; however, it is also well-known among cybercriminals who target cryptocurrency platforms and exchanges in order to take advantage of them. Despite the fact that exchanges devote significant efforts to safeguarding their assets, skilled attackers are capable of breaching their defenses. Exchanges are frequently targeted because they have a high concentration of open-source code libraries. Criminals choose to target cryptocurrency exchanges because a single breach might result in them gaining access to the assets of thousands of customers. As illegal activities become more sophisticated, more stringent security measures are necessary.

🕒 Timestamps 🕒
00:00 Introduction
0:50 $72 Million Bitfinex Hack
1:49 $285 Million KuCoin Hack
3:09 $480 Million Mt. Gox Hack
4:37 $547 Million Coincheck Hack
5:50 $611 Million Poly Network Hack
7:19 Final Thoughts

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