Ronin is a gaming-focused blockchain network best known for the Axie Infinity crypto game published by Sky Mavis. It was an exploit hack by the North Korean hacking group called Lazarus Group. On March 29, 2022, over $624 million was taken from the Ronin Network. Justice Department for fraud and arrested in Puerto Rico. Yet, in December, the hacker was indicted by the U.S. Mango Markets offered a deal for the hacker to return $67 million in exchange for not pressing criminal changes and they obliged. ![]() Unlike in most cases, the person who took advantage of this exploit revealed themselves on Twitter. ![]() They successfully took out a $116 million loan in a mix of tokens including USDC, SOL, BTC, and USDT. The user took advantage of an exploit in the platform’s code to manipulate the price of their tokens to receive the loan. In October, a user drained the platform to the tune of over $100 million by temporarily driving up the value of their tokens and taking a loan using the inflated tokens as collateral. Mango Markets is a popular trading platform based on the Solana blockchain. Our list contains eight significant heists, including the largest DeFi hack in history. The Largest Crypto Hacks In History PlatformĢ022 has been a busy year for major DeFi hacks. There’s even a North Korean hacking group that’s been made famous for their exploits - including the largest crypto hack to date where the group stole $624 million. Digital wallets, marketplaces, and exchanges can all be victims of hacking.ĭecentralized finance remains vulnerable to the internet’s brightest and most sinister. But that doesn’t mean everything crypto is invulnerable. The transparency behind each transaction and the constant network review keep blockchain technology fairly secure. The Bitcoin blockchain itself has never been hacked. ![]() Millions and millions worth of crypto have been stolen- some hackers have returned it all, other hacks led to bankruptcy, and a few incidents may have been an inside job. The history of crypto hacks is surprisingly full of drama.
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