Ronin

<ul><li>Cryptocurrency thefts plummeted by over 50% in 2023, though the number of hacking incidents increased.</li><li>The Ronin Network bridge heist in March 2022 remains the largest in history, with $625 million in assets stolen.</li><li>Efforts to strengthen security continue as the industry evolves, despite significant breaches like those of Poly Network, BNB Bridge, Coincheck, Mt. Gox, and FTX.</li></ul>One of the biggest selling points for cryptocurrencies is their security features, bolstered by cryptography. However, that doesn’t make them immune to external threats such as phishing attacks, malware, and vulnerabilities in wallets, among others. These attacks result in <a href="https://cryptotale.org/crypto-industry-scrambles-for-robust-measures-as-heists-top-11-billion/" rel="noopener noreferrer nofollow">significant financial losses</a> more often than the community might expect.The good news is, according to Chainalysis, an on-chain analytics company, the total amount of funds stolen from cryptocurrency platforms <a href="https://www.chainalysis.com/blog/crypto-hacking-stolen-funds-2024/" rel="noopener noreferrer nofollow">dropped </a>by more than 50% in 2023 compared to 2022. However, this drop coincided with a spike in the number of individual hacking incidents.While the crypto industry is continually evolving and finding ways to address these risks, the article examines some of the biggest attacks that had a profound impact on this emerging sector.<a href="https://cryptotale.org/cryptos-dark-side-the-six-most-notorious-heists-in-crypto/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

From Ronin to FTX: Revisiting the Six Largest Crypto Heists in Recent History

CryptoTale

Alte articole publicate pe 25 mar. 2024

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