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South Korean Crypto Exchange Loses $35 Million In 15-Minute Hot Wallet Hack A South Korean exchange lost $35 million in 15 minutes after attackers drained hundreds of hot wallets Multi-chain withdrawal systems and complex cloud setups make CEXs increasingly vulnerable Real-time detection tools like Hexagate and GateSigner can limit losses during wallet breaches Earlier this year, one of South Korea’s largest cryptocurrency exchanges suffered a major security
2016 Bitfinex hack - Wikipedia The Bitfinex cryptocurrency exchange was hacked in August 2016 [1] 119,756 bitcoins, worth about US$72 million at the time, were stolen [1] In February 2022, the US government recovered and seized a portion of the stolen bitcoin, then worth US$3 6 billion, [2] by decrypting a file owned by Ilya Lichtenstein (born 1989) that contained addresses and private keys associated with the stolen
How the Biggest Crypto Heist in History Went Down The cryptocurrency exchange Bybit lost $1 5 billion to North Korean hackers last month — and it all traced back to an account on a free digital storage service