The world of cryptocurrency is as exciting, it is equally risky. Here, a small omission in the protection of your virtual belongings can make a loss of millions of dollars in one stroke and can make you a rake from the king. Along with non-public pockets of a crypto investor, Hackers Workforce directly target Crypto Exchanges and clean the amount of dollars in a moment. There have been many major incidents of Crypto Trade Hack in the world, which every person associated with Crypto Marketplace must know. Actually, every incident or incident related to Crypto Trade Hack goes a lesson and also alerts investors. Here we are giving you information about the events of some such big Crypto Trade Hacking.
Bybit Crypto Trade Hack: (Theft of Rs 11,600 crore)
Bybit Hack took place on 21 February 2025 and is the biggest theft in the history of Crypto Business so far. 400,000 Eth (Ether) was stolen from this Crypto Exchanges based in Dubai, which was about $ 1.4 billion (about Rs 11,600 crore) at that time.
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What was the flaw in Bybit Crypto Trade: Hackers took advantage of a personal key leak in Bybit’s Scorching Pockets Device and cleaned the entire fund in a few minutes. After this big Cyber Assault, the CEO of Bybit announced the Bounty Program the next day to better the price range get.
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Who was responsible for bybit hacking, The US investigating agency FBI blamed North Korea’s Tradertraitor Hacker Group behind this large hacking till 26 February. The hacking started with a fake Store Funding Simulator project, which was downloaded in Defend {POCKETS} Defends} Download in the Mac laptop of the developer’s Mac laptop. This malware was successful in stealing Consultation token by bypassing AWS multi-factor authentication, causing hackers to reach AWS servers and funds directly. So far, about 77 percent of funds have been traced.
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What happened in investigation so far: Bybit is investigating three cyber forensic agencies. Also in contact with some global law enforcement agencies. The focus of the investigation is on the misuse of API Key Leakage and third-party tracking tools such as buying and selling bots. At present, investigation is going on in this case.
Wazirx Crypto Trade Hack: (1900 crore theft)
There was a cyber attack on India’s largest cryptocurrency trade Wazirx on 18 July 2024, with digit belongings worth about $ 230 million (about ₹ 1900 crore). Hackers had stolen funds from the company’s main trading wallet, which was about 50 per cent of the total assets of the exchange.
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What was the flaw in Wazirx Crypto Trade: Hackers attacked Wazirx’s multisig pockets and stole about 50 percent of its total storage. For this reason, the transaction service of this Crypto Trade was stopped. Along with Wazirx, hackers had stolen an amount of $ 50 million from the Crypto platform Radiant Capital.
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Wazirx hack Who was responsible for: Lazarus Workforce, the supported Lazarus Workforce of North Korea’s dictator Kim Jong Un, was held responsible for Wazirx hacking. These hackers groups from North Korea target Crypto Exchanges and Virtual Belongings Custodians. These hacking groups have already carried out cyber attacks on many Crypto Platforms.
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What happened in investigation so far: Delhi -based Patiala House Court has recommended the case to be investigated by CBI. At the same time, Wazirx received notice from Singapore court, in which some evidence was sought. Now the case will be heard on 6 June 2025.
Coinbase Crypto Trade Hack: (Loss of $ 400m)
Coinbase is one of the world’s largest Crypto Trade, which recently got hit by Cyber Assault. For this reason, the investors of Coinbase have lost between $ $ 180 million to $ 400 million. Also, the personal information of users has also been leaked.
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What was the flaw in Coinbase Crypto Trade: Coinbase Hack The biggest drawback of this was that hackers did not take advantage of the weakness of a technical malicious program or device, but by bribing any support agents. These agents stole the data of customers such as Title, Store Main Points, ID Symbol and then a ransom of $ 20 million was sought through email, so that he would not leak the data publicly.
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What took action in Coinbase Hack, The support agent involved in Coinbase Hack was immediately fired and has been promised to compensate the affected users. Safety protocols are more stockcked. At the same time, Coinbase has declared a reward of $ 20 million for those who seek ransom seekers.
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The key things have been revealed in the investigation so far: Coinbase has immediately included American agencies such as FBI, CISA and Place of Birth Safety in this investigation. Apart from this, users affected by hack have also been informed personally. This fired the employees related to Cyber Hack. Coinbase has said that he is working closely with the US Section of Justice.
Crypto users or investors get this lesson
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These events of Crypto Trade Hack give a lesson that scorching wallets can be more risky. Long -term funds should always be kept in chillly wallets.
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Multi-Isue Authentication can also be bypass. Therefore, do not worry about it just by relying on it, always monitor your system.
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Take caution when using 3rd-Party apps. Buying and selling bots, browser extensions and third-party equipment can leak API Keys.
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Always be alerted with fishing and fake projects. Bybit Hack took place through a fake store funding challenge. Avoid downloading an unknown link or application anytime.
Conclusion
These incidents of Crypto Trade Hack makes it clear that the safety of virtual belongings depends not only on technology, but also on vigilance and cyber understanding. Every investor must keep a strong password for his funds, {hardware} wallets as well as double coverage. It is prudent to stay away from 3rd Celebration Equipment and unknown links.
Also read:Generation Predictions for Dogecoin in INR, 2025 to 2050 journey
