5 Hacks and Security Breaches of Cryptocurrencies 2024

1. Mixin Network

blockchain scaling solution Mixin was hacked for nearly $200 million.

[{"selector":"#anim-82339a9d-5e06-4ea8-aff2-6a3aa40fc3ab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit: Google

2. Euler Finance

[{"selector":"#anim-254103a8-c65e-4b97-96ac-b0be7cb2e4bc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(16.117868921921325%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

Decentralized finance protocol Euler Finance lost $197 million in crypto funds in a hack.

[{"selector":"#anim-98533c92-d00c-41a4-a928-ae7275ae5537 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-11.766014002873101%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

3. Multichain

[{"selector":"#anim-ec218184-d683-4ed5-a304-2725ec13aedf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit: Google

Multichain stopped its services on 7 July 2023 and gave no resumption estimates.

[{"selector":"#anim-b57d307a-cdff-42f9-8dd0-f19da01c8177 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(15.974650143185846%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

4. Poloniex

[{"selector":"#anim-5b13fa51-a660-4f8a-9391-b3d494bf15d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.718023029588366%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

Crypto exchange Poloniex saw around $114-$126 million.

[{"selector":"#anim-87c3433a-0211-4870-8e52-ce1e40c70274 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit: Google

5. KyberSwap

[{"selector":"#anim-456d1a6e-09f9-4c0b-9e7c-1be318429814 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(11.245819162834444%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

A hacker allegedly stole about $ 47 million from the multi-chain decentralized exchange.

[{"selector":"#anim-5011e29a-145e-4362-b15e-8326691967fc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-15.12915107991796%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Google

Click Here

[{"selector":"#anim-44314244-057c-417d-9257-a9b4ec1219ca [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit: Google Learn more