Crypto Hacks
Top 10 crypto hacks of 2019
In 2019, attackers took $277M in 119 crypto hacks and thefts. The biggest was Upbit on Nov 27, 2019, at $49.3M. The 10 largest account for 89% of the year's losses.
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The 10 biggest crypto hacks of 2019, ranked
1
Upbit
Nov 27, 2019CEXEthereum$49.3MAttackers compromised Upbit’s Ethereum hot wallet and stole 342,000 ETH. The exchange froze deposits and withdrawals, moved its remaining hot-wallet funds to cold storage, and said it would cover the loss.
Our coverage: Hackers Steal Almost 50 Million Dollars From UpBitSource
2
Binance
May 7, 2019CEXBitcoin$40MAttackers obtained Binance user credentials and other information through methods including phishing and malware, then withdrew 7,000 BTC. Binance reimbursed affected customers from its insurance fund.
Our coverage: Binance Hack: What Went Wrong And Where They Stand?Source
3
CoinBene
Mar 25, 2019CEXEthereum$40MCoinbene’s hot wallet was compromised, and ERC-20 tokens were drained to unknown addresses. Reports described large amounts of Coinbene and Maximine tokens being stolen and sold.
4
BitPoint
Jul 12, 2019CEXBitcoinEthereumLitecoin+1 chains$27.6MAttackers breached BitPoint’s hot wallets and stole several cryptocurrencies, including BTC, BCH, ETH and LTC. The exchange later recovered some funds from overseas platforms and reimbursed customers.
5
Coinbin
Feb 20, 2019CEXEthereum$26MCoinbin’s former CEO stole more than 100 ETH from an Ethereum wallet, claiming the key had been lost. Employee embezzlement and growing debts left the exchange filing for bankruptcy.
6
Bithumb
Mar 29, 2019CEXEthereumRipple$19MBithumb’s internet-connected wallet was accessed using private keys, and EOS and XRP were stolen; reports differed on the amount of EOS taken. The exchange suspected insider involvement, and said customer funds were in cold storage.
Our coverage: Bithumb Experienced Major Hack Costing Over $19M Worth In CryptosSource
7
Cryptopia
Jan 14, 2019CEXEthereum$16MAttackers compromised Cryptopia’s hot-wallet keys and made unauthorized transfers, stealing cryptocurrency from customer holdings. The exchange later reported another breach and theft before entering liquidation.
8
Kraken
Jun 2, 2019CEXBitcoin$10.5MA hacker took control of a large Kraken account, then sold 1,200 BTC into a thinly traded BTC/CAD market, driving down the price and triggering liquidations of other users’ positions. The hacker reportedly gained about $10.45 million from those liquidations.
9
GateHub
Jun 6, 2019CEXRipple$9.5MAttackers gained access to GateHub API permissions and stole 23.2 million XRP from about 100 user accounts; users’ private keys were reported secure. About 13.1 million XRP was laundered through exchanges before recovery efforts.
10
CoinTiger
Aug 17, 2019CEXEthereum$9.2MAttackers breached CoinTiger’s cold wallet, which lacked multi-signature protection, and stole PTT tokens. Some entered markets and drove the price down, while the Proton Chain project froze others.
