So, that makes it 4 within the month alone, right? There was BigONE with $27 million in stolen funds, CoinDCX with $44 million, and then WOO X with $14 million. I've also read about the exploit on GMX with $42 million.
It seems hackers have scored well this month--3 from centralized exchanges and 1 from what's considered decentralized.
I hope the funds stolen are from traders and not just from those who are lazy or confident enough to keep funds in exchanges.
Have you also noticed that whenever Bitcoin makes news with new all-time highs or whenever the market explodes into an uptrend, such cases of exchange hacks become more frequent. Perfect timing right? Or just pre-planned insider jobs?
It baffles me how 9 individuals could hold $14 million in crypto on a centralized exchange, that's an average of $1.5 million held my each and is not an amount you want to leave out of your custody.
Probably whales