Top 5 Cryptocurrency Exchange Attacks of 2019
A couple of giant cryptocurrency exchanges globally faced it hot this year especially after experiencing repetitive attacks from unknown hackers. Due to these attacks, both the investors and exchanges lost billions and billions of their money. This year saw quite a few weighty hacking episodes, we have brought you some of the major breaches of 2019.
Binance Exchange Lost Over $40 Mln Worth of Bitcoin
Malevolent attackers have run away with more than $40 million worth of Bitcoin (around 7,000 BTC) from United States based cryptocurrency exchange Binance. Hackers used several hack techniques to make this extensive security breach on May 7, 2019.
Users Remain in Fear of CoinBene Crypto Exchange Hack
Hackers have taken advantage of the digital and embryonic nature of the cryptocurrency industry, and led both crypto exchange companies and users to shed tears. Now, CoinBene, one of the leading exchanges on the market according to coinmarketcap (CMC), has announced that it wasn’t hacked. The company was only carrying out maintenance - so it tells its users not to be worried.
Cryptopia Hack: Police Allows Exchange to Resume Operations
After the hack that saw over $16.2 million illegally stolen from New Zealand’s hacked cryptocurrency exchange, police in New Zealand has given the go-ahead to Cryptopia, a crypto exchange that was recently hacked, to reopen and start operating at any time it's ready, according to a report on Wed February 13, 2019, by the New Zealand Herald, a local news outlet.
New Zealand Authorities Make Progress Investigating Cryptopia Hack
New Zealand Police continue to excellently investigate the Cryptopia hack that took place on Monday, January 24, 2019. Via an official press release, the Police revealed on Feb 7, that the probe is progressing on well. Cryptopia is a cryptoasset exchange that is based in New Zealand.
New Zealand: Over 40 Users Demand Refund from Hacked Cryptopia Exchange
After the heavy loss from the hacked Cryptopia cryptoasset exchange, around 40 individuals have come out to reclaim their funds, according to Radionz, a New Zealand-based news outlet. Cryptopia is the first crypto exchange platform to endure hack crises in this very year. After the distinct event, police have started looking into the matter and the total amount of money that has been stolen.