Wiki
Biturai Trading Wiki
The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
The Compound Finance Distribution Bug of 2021
In September 2021, the Compound Finance protocol experienced a significant smart contract bug that led to the incorrect distribution of millions of dollars worth of COMP tokens.
The bZx Second Hack in November 2021
The bZx second hack in November 2021 was a significant security breach in the decentralized finance (DeFi) sector, resulting in the theft of approximately $55 million.
The 2021 Vulcan Forged Hack Explained
In December 2021, the Vulcan Forged crypto gaming ecosystem suffered a significant security breach, resulting in the theft of 23 million PYR tokens from 96 user wallets.
The Indexed Finance Hack of 2021 Explained
In 2021, the decentralized finance protocol Indexed Finance suffered a significant exploit, resulting in the theft of approximately $16 million.
The Ronin Bridge Exploit and Sky Mavis's Recovery
In March 2022, the Ronin Bridge, a critical link for the Axie Infinity game, suffered one of the largest cryptocurrency thefts in history, with over $600 million stolen.
The Munchables Hack of 2024 and the Return of Funds
The Munchables project, a game on the Blast Layer-2 blockchain, suffered a $62.5 million hack in March 2024 due to a rogue developer.
The PlayDapp Hack of 2024 Explained
In February 2024, the PlayDapp crypto gaming platform suffered a significant security breach, resulting in the unauthorized minting and theft of approximately $290 million worth of PLA tokens.
The Orbit Chain Bridge Hack of 2024
The Orbit Chain Bridge hack of 2024 involved the loss of approximately $82 million in cryptocurrencies due to an exploit around New Year's Eve 2023.
The HTX and Heco-Bridge Hack of 2023
The HTX and Heco-Bridge hack of 2023 involved sophisticated cyberattacks targeting HTX's hot wallets and the Heco Chain bridge, resulting in over $100 million in losses.
The 2023 Poloniex Hack and Justin Sun's Role
In November 2023, the cryptocurrency exchange Poloniex, owned by Justin Sun, suffered a significant security breach resulting in the loss of over $100 million in various digital assets.
The 2019 Upbit Hack Explained
The 2019 Upbit hack involved the theft of 342,000 Ethereum tokens, valued at approximately $50 million, from one of South Korea's largest cryptocurrency exchanges.
The 2019 Binance Hack and the SAFU Fund
The 2019 Binance Hack involved the theft of 7,000 Bitcoin from the exchange's hot wallets, valued at approximately $41 million.
Zaif Exchange Hack 2018
The Zaif cryptocurrency exchange in Japan suffered a significant security breach in September 2018, resulting in the theft of approximately $60 million in digital assets.
Cryptsy Collapse and 2016 Exit Scam
The Cryptsy collapse and its subsequent identification as an exit scam in 2016 serves as a stark reminder of the paramount importance of due diligence and the inherent risks associated with centralized cryptocurrency exchanges.
The 2012 Bitfloor Hack Explained
The Bitfloor hack in 2012 was an early and significant security breach in the nascent cryptocurrency exchange landscape, resulting in the loss of thousands of Bitcoin.
The Bitcoinica Hack and 2012 Closure
Bitcoinica, an early cryptocurrency exchange, suffered multiple security breaches in 2012, leading to significant losses of user funds.
Lost Bitcoins: How Many BTC Are Permanently Gone?
A significant portion of the total Bitcoin supply is estimated to be permanently lost due to various factors, tightening market liquidity. This scarcity has profound implications for Bitcoin's value proposition as a digital store of value.
Stefan Thomas and the Lost 7,002 Bitcoin on IronKey
Stefan Thomas, an early Bitcoin adopter, famously lost access to 7,002 Bitcoins stored on an IronKey device after forgetting his password. This incident underscores the absolute necessity of robust private key management for digital assets.
The James Howells Hard Drive Loss: 8,000 Lost Bitcoins
James Howells, an early Bitcoin miner, famously lost a hard drive containing 8,000 Bitcoins in 2013. This incident highlights the irreversible nature of cryptocurrency loss when private keys are not secured.
Movement of Dormant Satoshi-Era Bitcoins
The movement of Bitcoins mined or acquired in the early days of the network, known as Satoshi-era coins, carries significant historical and market implications.