Cybersecurity
Cryptocurrency Markets Are Juicy Targets for Hackers: Timeline
Japanese Crypto-Exchange Hacked for Almost $500M
This article is for subscribers only.
The $500 million heist of digital tokens from Japanese exchange Coincheck Inc. on Friday is remarkable for its sheer size, but thefts in the lightly regulated world of cryptocurrencies are woefully frequent.
In less than a decade, hackers have stolen $1.2 billion worth of Bitcoin and Ether, two of the most popular digital currencies, according to Lex Sokolin, global director of fintech strategy at Autonomous Research LLP. If measured at today’s elevated prices, the figure would be much higher.