Hackers Have Caused $1.5 Billion in Losses to the Cryptocurrency Space to Date
WikiBit 2023-11-30 14:16
Hackers Have Caused $1.5 Billion in Losses to the Cryptocurrency Space to Date
CertiK co-founder Ronghui Gu has stated that as of November 28, 2023, hacking attacks alone have caused $1.5 billion in losses in the
cryptocurrency
space. Gu believes that these hacking attacks and vulnerabilities have had a significant impact on the adoption of cryptocurrencies, undermining public trust in the security and stability of digital assets. He considers security incidents resulting from SIM-swaps and multi-signature failures as “unforgivable,” and suggests that companies should adopt native cryptographic multi-factor authentication and undergo regular security audits.
Disclaimer：
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiBit Exchange
Over 95% of Coinbases code is now written with help of AI
WikiBit 2026-07-15 09:34Bitcoin Clings Between $63.8K to $64K as Charts Flash High-Stakes Bull-Bear Showdown
WikiBit 2026-07-16 21:15Visa says stablecoins will power micro-commerce in AI agentic economy
WikiBit 2026-07-16 16:29Silver tumbles as energy-driven inflation fears hit sentiment
WikiBit 2026-07-16 20:45Bitcoin rally has “borrowed strength” without spot demand, Bitfinex says
WikiBit 2026-07-16 15:31Stanford study says 5-minute Bitcoin prediction markets enable settlement manipulation
WikiBit 2026-07-16 21:17Bitcoin whale moves $383 million in BTC after 8 years of dormancy: onchain data
WikiBit 2026-07-16 14:54California duo accused of laundering crypto from fentanyl and meth sales
WikiBit 2026-07-16 14:33Czech Republic tells ISPs to block Polymarket after gambling blacklisting
WikiBit 2026-07-16 16:43Keyrock closes deal for BlockFills institutional trading and brokerage assets
WikiBit 2026-07-16 22:42- Crypto token price conversion
- Exchange rate conversion
- Calculation for foreign exchange purchasing
0.00