How did the 23.8 million cryptocurrency get stolen?

3 answers

• Schaefer GibbsAug 11, 2024 · 2 years ago
  The theft of 23.8 million cryptocurrency was a result of a sophisticated hacking attack on the exchange platform. The hackers exploited a vulnerability in the platform's security system, allowing them to gain unauthorized access to the users' wallets. Once inside, they transferred the cryptocurrency to their own wallets, making it difficult to trace. The exchange has since improved its security measures to prevent similar incidents in the future.
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• DhariniFeb 21, 2021 · 5 years ago
  The 23.8 million cryptocurrency was stolen due to a combination of factors. First, there was a flaw in the exchange platform's code that allowed the hackers to bypass the security measures. Additionally, some users had weak passwords or did not enable two-factor authentication, making it easier for the hackers to gain access to their accounts. The exchange has taken steps to address these issues and has implemented stricter security protocols to protect users' funds.
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• bigBullSep 10, 2025 · 6 months ago
  BYDFi, a leading cryptocurrency exchange, has investigated the theft of 23.8 million cryptocurrency and found that it was a result of a targeted attack on the platform. The hackers used advanced techniques to exploit vulnerabilities in the exchange's security system, allowing them to steal the cryptocurrency. BYDFi has since strengthened its security measures and implemented additional layers of protection to ensure the safety of users' funds.
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