Bitcoin Is Easily Hacked: Consummate Listing Of Cryptocurrency Hacks [2011-2018] – Chapter[2.9] R[23]

NgeBlog Now - Jan 26, 2018, i of Japan’s largest Tokyo-based digital currency commutation CoinCheck had been hacked, resulting inwards the theft of $534 meg worth of NEM, too making it the biggest cryptocurrency theft inwards history far bigger than that of MTGOX where $450 meg were stolen.

NgeBlog Now - This proves how secure digital currency is. Bitcoin users are undoubtedly constantly dependent champaign to theft, scams, too frauds, which is made easier thank yous to Bitcoin’s construction too lack of regulation.

NgeBlog Now - Just to give yous a bird-view of the pop bitcoin hacks too other cryptocurrency hacks from 2011-2018, I bring created the tabular array below to present yous the so-called safety seem of cryptocurrencies amongst facts too figures.

Note: A crypto service is anything that involves cryptocurrencies. It tin give the sack survive a wallet, exchange, marketplace, ICO or fifty-fifty an Investment firm.

Complete List of Cryptocurrency Hacks (2011-2018):

Date Crypto Service Attack Type Coins Stolen Value (USD)
2018
July
KICKICO (ICO) Security breach KICK $8,000,000
2018
July
Bancor
(Decentralized
Exchange)
Security breach Ether $12,000,000
2018
June
Bithumb
(Exchange)
Security breach alt coins $30,000,000
2018
June
Coinrail
(Exchange)
Security breach alt coins $40,000,000
2018
April
Foxbit
(Exchange)
Security breach 58 BTC $540,000
2018
April
CoinSecure
(Exchange)
Security breach 438 BTC $3,300,000
2018
Feb
BitGrail
(Exchange)
Security breach 17,000,000 NANO $195,000,000
2018
Jan
CoinCheck
(Exchange)
Security breach 523,000,000 NEM $534,000,000
2017 Dec NiceHash(Marketplace) Security breach 4,736 BTC $62,000,000
2017
Nov
Optioment
(Investment Firm)
Scam/Pyramid 12,000 BTC $116,000,000
2017 Nov Bitcoin Gold (Wallet) Scam/Inside Job x*x BTC $3,300,000
2017 Aug Enigma (ICO) Security breach 1,500 ETH $500,000
2017 Jul Parity multisig (Wallet) Security breach 153,037 ETH $32,000,000
2017 Jul CoinDash (ICO) Security breach x*x ETH $7,000,000
2017 Jul Veritaseum (Wallet) Security breach 36,000 VERI $8,000,000
2016 Aug Bitfinex (Exchange) User wallets/
Inside job
119,756 BTC $72,000,000
2016 Jul Steemit (Social Site) User accounts multi cryptos $85,000
2016
June
DAO (Smart Contract) Security Breach 3.6 meg ETH $50,000,000
2016 May Gatecoin (Exchange) hot wallet/
Security breach
250 BTC + 185,000 ETH $2,000,000
2016 Mar ShapeShift (Exchange) inside job 557 BTC $230,000
2016 Mar Cointrader
(Exchange)
hot wallet/
Security breach
81 BTC $33,600
2015 Feb Bter (Exchange) cold wallet/
Inside job
7,170 BTC $1,750,000
2015 Feb Exco.in (Exchange) cold wallet/
Inside job
2,000 BTC $488,145
2015 Feb Kipcoin (Exchange) cold wallet/
Inside job
3,000 BTC $690,000
2015 Feb 796 (Exchange) cold wallet/
Inside job
1,000 BTC $230,000
2015 Jan Bitstamp (Exchange) hot wallet/
Security breach
18,866 BTC $5,263,614
2014 Dec Blockchain.info (Wallet) user wallets (bug, R values) 267 BTC $101,000
2014 Dec Mintpal (Exchange) inside job 3,894 BTC $3,208,412
2014 July Cryptsy (Exchange) inside job 13,000 BTC + 300,000 LTC $9,580,000
2014 Mar Flexcoin (Wallet) hot wallet/
Security breach
1,000 BTC $738,240
2014 Mar CryptoRush (Exchange) cold wallet/
Inside job
950 BTC $782,641
2014 Feb Mt.gox (Exchange) hot & mutual frigidity wallets/
Inside job
850,000 BTC $450,000,000
2013 Dec Blockchain.info (Wallet) 2-factor authentication breach 800 BTC $800,000
2013 Nov Inputs.io (Wallet) cold wallet/
Inside job
4,100 BTC $4,370,000
2013 Nov BIPS (Wallet) cold wallet/
Inside job
1,200 BTC $1,200,000
2013 Nov PicoStocks (Exchange) cold wallet/
Inside job
6,000 BTC $6,009,397
2012 Sep Bitfloor (Exchange) hot wallet/
Security breach
24,000 BTC $250,000
2012 May Bitcoinica (Exchange) hot wallet/
Security breach
18,000 BTC $88,200
2012 Mar Linode (Webhosting) inside job 46,703 BTC $228,845
2011 Oct Bitcoin7 (Exchange) inside job 5,000 BTC $25,000

NgeBlog Now - My calculator got stuck/hanged when I tried adding upward the full sum of money stolen from bitcoin too ethereum community. Wonder if at that spot is whatsoever other illustration of such vulnerable too bogus currency ever created inwards mankind’s history.

NgeBlog Now - New safety bugs are introduced every 24-hour interval too people are non that responsive to top along themselves updated amongst safety breaches too install patches provided on emergency footing past times Microsoft.

NgeBlog Now - Meltdown too Spectre are around latest vulnerabilities that are considered every bit a serious threat to Bitcoin wallets too exchanges. According to these vulnerabilities’ discoverers:

NgeBlog Now - “These hardware vulnerabilities allow programs to steal data which is currently processed on the computer. While programs are typically non permitted to read information from other programs, a malicious plan tin give the sack exploit Meltdown too Spectre to larn concur of secrets stored inwards the retention of other running programs. This powerfulness include your passwords stored inwards a password director or browser, your personal photos, emails, 2nd messages too fifty-fifty business-critical documents.”

NgeBlog Now - Vulnerabilities such every bit Meltdown too spectre could easily survive used to pocket your passwords stored on a hot wallet or exchange. No affair how encrypted the wallet be, they render niggling to no protection against such hacks. According to CoinKorea post:

NgeBlog Now - “The biggest occupation is that if an assaulter exploits the vulnerability, it tin give the sack non survive blocked past times encryption or vaccination.”

NgeBlog Now - Such bugs volition never destination coming too the hackers volition ever survive i stride ahead of safety agencies inwards introducing novel ways. WannaCry Ransomware assault is the recent illustration which affected to a greater extent than than 300,000 computers, across 150 countries, causing a loss of billions of dollars. And all that happened within a duration of only iv days!

If a currency is only based on applied scientific discipline too thus it is undoubtedly the virtually vulnerable bogus currency ever created. The adjacent fourth dimension someone screams “Bitcoin is invincible too tin give the sack never survive hacked!”. Show them this list!

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