Largest Cryptocurrency Hack, Losses Reach Rp8 Trillion

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Cindy Mutia Annur 04/04/2022 18:20 WIB

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Numerous cryptocurrency-related hacking cases continue to emerge. The losses resulting from these cryptocurrency thefts are estimated to reach trillions of rupiah.

Largest Cryptocurrency Hacks Based on Estimated Losses (2014-2022)

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Largest Cryptocurrency Hacks Based on Estimated Losses (2014-2022)

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Cryptocurrency hacking cases continue to occur as investment trends become increasingly popular. The losses from these hacks are significant, even reaching trillions of rupiah.

According to a Statista report, the cryptocurrency hack with the largest loss is the Poly Network case.

Poly Network is a decentralized finance platform that facilitates transactions for Bitcoin, Ethereum, Neo, Ontology, Elrond, Zilliqa, Binance Smart Chain, Switcheo, and Huobi ECO Chain.

In August 2021, this platform experienced a hack, resulting in estimated total losses of US$611 million, or approximately Rp8.7 trillion (US$1 = Rp14,355), making it the largest in the world.

Here are five of the largest cryptocurrency hacks recorded in the last eight years:

* Poly Network, August 2021: Loss of US$611 million (Rp8.7 trillion)
* Ronin Bridge, March 2022: Loss of US$540 million (Rp7.7 trillion)
* Coincheck, January 2018: Loss of US$532 million (Rp7.6 trillion)
* Mt. Gox, February 2014: Loss of US$470 million (Rp6.7 trillion)
* Wormhole, February 2022: Loss of US$325 million (Rp4.6 trillion)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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