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$600 Million Dollar Crypto Hack - POLYNETWORK Exploit!
Zaif. "Japan-based cryptocurrency exchange has been hacked, losing a billion yen (about $60 million worth of cryptocurrency), including 5, bitcoins. Coincheck was the largest crypto exchange hack ever, with $M lost. It's followed by Mt. Gox ($M) and the recent FTX ($M). Over 50 exchanges fell victim to these hacks, with several experiencing multiple breaches. Among identified crypto attacks, cryptocurrency.

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Source: TechCrunch. The cryptocurrency hack was carried out by using stolen administrator keys to access the coins on the exchange, and then funneling them out through Ethereum and Binance. Related Articles. Read our warranty and liability disclaimer for more info. As might be inferred from the name, a bridge attack is a type of crypto trading hack where cybercriminals target currency as it is being transferred between different blockchains.