What is the biggest loss in crypto history?

As a professional practitioner in the field of cryptocurrency and finance, I'm often asked about the biggest losses in crypto history. And the truth is, there have been several notable incidents that have resulted in significant financial losses. The collapse of the Terra-Luna ecosystem in 2022, for instance, resulted in billions of dollars being wiped out in a matter of weeks. Similarly, the Mt. Gox hack in 2014, which saw over 850,000 Bitcoins stolen, was another significant event that caused massive losses for investors. However, it's important to note that the crypto industry is still young and volatile, and such losses are not uncommon. As such, it's crucial for investors to stay informed and make well-informed decisions when investing in cryptocurrencies.