November Was The Month For Crypto Hackers: $300M Crypto Theft

In November of this year multiple hacking incidents took place and the majority of the hacking attacks targeted the HTX crypto exchange empire.

In the last 20 days, the crypto sector saw 5 major crypto hacking attacks and in those attacks, hackers grabbed more than $290 million worth of crypto assets. So far investigations are going to find the exact amount of fund loss in these attacks.

On 19 Nov 2023, Kronos Research revealed that an unauthorised entity accessed some of its API keys. In that incident, hackers drained $25 million worth of crypto assets.

On 23 Nov, the KyberSwap Defi exchange was exploited by an unknown hacker. That hacker drained nearly $47 million worth of crypto assets. 

On 10 Nov, Poloniex crypto exchange faced a hack attack & lost nearly $118 million worth of crypto assets. 

On 22 Nov, the Heco chain bridge was attacked by an unknown hacker. With that hack attack, the hacker drained nearly $87 million worth of cryptocurrencies.

On 23 Nov, HTX crypto exchange’s hot crypto wallets were attacked. The attacker drained nearly $14 million worth of crypto assets. While some investigations claimed that the exchange lost nearly $30 million worth of crypto assets.

In all these hack incidents, hackers drained nearly $300 million worth of crypto assets in only 20 days which is a very big tension for the future of this innovative sector. Notebely HTX, Heco chain, and Poloniex are part of the crypto empire under the leadership & ownership of popular Chinese crypto entrepreneur Justin Sun.

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