Wallets

Hackers go crypto attack crazy, stealing billions

According to TechCrunch, 2018 is on track to become the worst ever year for hacks, while over the past year, the average of crypto-attacks stands at one per month.

Coincheck lost an estimated $400 million earlier this year and in November 2017, Tether reportedly lost $31 million. EtherDelta suspended its exchange service for a period in December after it was compromised. The amount stolen was not revealed.

The biggest hack on record was staged against Mt. Gox for the amount of approximately 744,408 Bitcoin tokens, which at the time was valued at $350 million. Today, those Bitcoins are valued at $5.3 billion.

Olivier Acuña

Olivier has been writing for over 30 years. He has been based in six countries working for major news outlets including the Guardian, UPI & AP. He has covered massive earthquakes, presidential elections, immigration, and taken photos standing in the middle of shootouts between drug cartels, gone undercover to investigate organised crime, interviewed presidents, former presidents, heads of international organisations.