From the reported $6.3 billion Binance security breach to the Bybit hack, here are 10 of the biggest cryptocurrency thefts, with losses converted into rupees for Indian readers.
The reported security breach at Binance, the world's largest cryptocurrency exchange, has once again raised concerns about the safety of digital assets.
On October 30, Binance estimated the incident's impact at $6.3 billion, equivalent to approximately Rs 60,077 crore. The exchange said it had worked with blockchain partners to freeze around $3 billion in affected assets and would cover losses through its Secure Asset Fund for Users (SAFU) and company funds.
However, the estimated impact should not be confused with the final unrecovered loss. Over the years, cryptocurrency exchanges and blockchain platforms have suffered attacks involving stolen wallet credentials, software vulnerabilities and weaknesses in transaction verification systems.
Here are 10 of the biggest reported crypto hacks, ranked broadly by the estimated value of assets involved at the time of each incident.