Key Takeaways

– $1.74B = all-time amount hacked from cryptocurrency exchanges worldwide

– $158M = amount hacked in 2019

– Bitcoin is the most often stolen cryptocurrency

For the past decade, Crypto Exchanges have faced the wrath of hackers. More than 1.7 Billion US Dollars have been stolen from Crypto exchanges.

The alarming trend in the crypto exchange market is that, within the first 7 months of 2019, the industry has experienced the same number of hacking attacks as in the entire of the previous 2018 year, and cyber security gaps in 2019 were mainly experienced by the established crypto exchanges.

The detailed list of hacks at cryptocurrency exchanges that have happened between 2011 and 2019

Date Exchange Country Amount Cryptocurrencies affected November 2019 Upbit South Korea $50,000,000 Ethereum July 2019 Bitpoint Japan $32,000,000 Bitcoin, BTC Cash, Ripple. June 2019 Bitrue Singapore $5,000,000 Ripple and Cardano. June 2019 Gatehub Slovenia $10,000,000 Ripple May 2019 Binance Malta $41,000,000 Bitcoin March 2019 Bithumb South Korea $13,000,000 Ripple and EOS March 2019 DragonEx Singapore $7,000,000 Multiple major coins September 2018 Zaif Japan $60,000,000 Bitcoin Jun 2018 Bancor Switzerland $23,500,000 Ethereum and others Jun 2018 Coinrail South Korea $40,000,000 Multiple coins Jun 2018 Bithumb South Korea $31,000,000 XRP Apr 2018 Coinsecure India $3,500,000 Bitcoin Feb 2018 BitGrail Italy $195,000,000 NANO Jan 2018 Coincheck Japan $534,000,000 NEM Dec 2017 Nicehash $60,000,000 Bitcoin Dec 2017 YoBit South Korea 17% of crypto assets Aug 2017 OKEX Hong Kong $3,000,000 Bitcoin Apr 2017 Ether Delta $266,000 Ethereum Apr 2017 Yapizon South Korea $5,300,000 Bitcoin Apr 2017 YoBit South Korea $5,600,000 Feb 2017 Bithumb South Korea $7,000,000 Bitcoin Aug 2016 Bitfinex Hong Kong $72,000,000 Bitcoin Feb 2015 BTER $1,750,000 Bitcoin Jan 2015 Bitstamp Luxembourg $5,100,000 Bitcoin Oct 2014 Mintpal UK $3,500,000 Vericoin, Bitcoin Oct 2014 Bitpay United States $1,800,000 Bitcoin Jul 2014 Cryptsy United States $9,500,000 Bitcoin, Litecoin Mar 2014 Poloniex United States $50,000 Bitcoin Feb 2014 Mt. Gox Tokyo $460,000,000 Bitcoin Nov 2013 PicoStocks $6,000,000 Bitcoin Nov 2013 BIPS $1,000,000 Bitcoin Nov 2013 Inputs io $1,200,000 Bitcoin May 2013 Vicurex $50,000,000 Bitcoin Dec 2012 BitMarket $260,000 Bitcoin Sep 2012 Bitfloor $250,000 Bitcoin Oct 2011 Bitcoin 7 $50,000 Bitcoin Jul 2011 Mt. Gox Tokyo $30,000 Bitcoin Total $1,738,656,000

The number of hacks at cryptocurrency exchanges that have happened between 2011 and 2019

Year Number of hacks Total amount affected Jan-Nov 2019 7 158,000,000 USD 2018 7 887,000,000 USD 2017 7 81,166,000 USD 2016 1 72,000,000 USD 2015 2 6,850,000 USD 2014 5 474,850,000 USD 2013 4 58,200,000 USD 2012 2 510,000 USD 2011 2 80,000 USD

You might notice by now that the exchanges are at major risk by hacks. To combat this, crypto exchanges have tried to use various techniques like storing funds in cold wallets. However, as exchanges operate over the web, some funds are also stored in hot wallets. While the hot storage (online wallet, e.g. Metamask) of private keys has lead to these headline snatching news, there are surely ways to have a secure, simple and entertaining crypto trading experience.

To keep your funds safe at the exchange, BBOD has come up with a novel non custodial solution. It means that we do not hold your funds, instead they are safely stored inside a special ethereum wallet called a smart contract and simply cannot be hacked. This proprietary method by BBOD uses the Ethereum blockchain paired with a smart contract programmed on the blockchain to keep user funds safe. This is where the offering by BBOD comes to the rescue.

BBOD offers a state of the art non custodial trading platform with leverage up to 50x. Trading on BBOD is much safer than any other centralised exchange.

This is a community driven research article. You can contribute to the research and find the table of cryptocurrency hacks with all the details. Please report any missing hack to our telegram chat : https://t.me/BBODCommunity