Have you been keeping up with the recent developments in the cryptocurrency space? If so, you may have heard about the string of hacks that have occurred this year. So, let me ask you, which cryptocurrencies have fallen victim to these attacks in 2022? Have there been any notable names that have been in the news? And what measures are being taken to prevent future breaches and protect investors' funds? It's crucial for those in the industry to stay informed and take necessary precautions to safeguard their investments.
6 answers
DondaejiDelightfulCharmingSmile
Tue Oct 08 2024
In the realm of cryptocurrency and finance, there's a prevailing notion that the missteps encountered in 2022 were primarily concentrated within the ambit of CeFi (centralized finance) or CeDeFi (a fusion of CeFi and DeFi) entities.
AzrilTaufani
Tue Oct 08 2024
These entities, which have garnered significant attention due to their innovative business models, have unfortunately also been the epicenters of several notable setbacks.
HallyuHeroLegendaryStar
Mon Oct 07 2024
One such example is Celsius, a platform that offered lending and borrowing services to users, but later faced financial difficulties, leading to the suspension of withdrawals and transfers.
CharmedWhisper
Mon Oct 07 2024
Similarly, Three Arrows Capital (3AC), a prominent hedge fund in the crypto space, encountered significant liquidity issues, ultimately resulting in its collapse.
Giovanni
Mon Oct 07 2024
Another notable entity that fell victim to the tumultuous year was FTX, once a leading cryptocurrency exchange, whose mismanagement and alleged misuse of funds sparked a chain reaction of events that shook the entire industry.