Cryptocurrency Q&A
What is the biggest crypto hack in 2024?
What is the biggest crypto hack in 2024?
Federico
Wed Sep 11 2024
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6 answers
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Could you please elaborate on the magnitude of the largest cryptocurrency hack that occurred in 2024? How much was stolen, and what was the targeted platform or cryptocurrency? Were there any specific vulnerabilities exploited, and what measures have been put in place to prevent similar incidents from happening in the future? Also, how did this hack affect the overall cryptocurrency market and investor sentiment?
6 answers
mia_clark_teacher
Fri Sep 13 2024
The first major hack of the year occurred on May 5, 2024, targeting the Gnus.AI Discord server. The attack resulted in a loss of $1.27 million, a significant blow to the organization and its users.
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Silvia
Fri Sep 13 2024
Following closely on the heels of the Gnus.AI hack was the Prism Finance breach on March 28, 2024. This attack was even more devastating, with an estimated loss of $10 million. The incident underscored the vulnerabilities that exist within the decentralized finance (DeFi) space.
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KpopHarmonySoulMate
Fri Sep 13 2024
Another notable hack occurred on March 15, 2024, targeting Mozaic Finance. While the loss of $2.5 million was relatively smaller than the previous two incidents, it still served as a reminder of the constant threat facing cryptocurrency platforms.
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SejongWisdomKeeper
Fri Sep 13 2024
The year 2024 has commenced with a tumultuous start for the cryptocurrency industry, marked by a series of high-stakes hacks that have shaken the foundations of trust within the ecosystem. These incidents highlight the need for robust security measures and constant vigilance within the industry.
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Martino
Fri Sep 13 2024
Among the most devastating hacks of the year was the BitForex breach on February 23, 2024. The exchange suffered an estimated loss of $57 million, rocking the industry and raising concerns about the safety of user funds on centralized platforms.
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