The Biggest Crypto Heists (And How Much Was Stolen)

The appeal of crypto has grown, the latest cryptocurrency news show. This has presented a lot of opportunities for scammers to part naive investors from their money. This year has been no exception as many cryptocurrency and blockchain experts named it “the year of the exit scam.” This is why today, we are listing the biggest crypto heists that have been discovered by various researchers.

But before we do that, let’s give you our two cents on spotting an exit scam.

Most of the biggest crypto heists and exit scams have tell-tale signs that investors should look out for. First, they have inconsistent or misleading information behind the project. Second, they usually fake online credibility. And most important, you should always check for user reviews before investing in any form of crypto.

Now, let’s list the biggest crypto heists done so far:

• $2.9 Billion Plustoken Scam That Could Be Largest Scam Ever

We are starting the list with a famous case. An estimated loss of around $2.9 billion was identified after Chinese police uncovered an alleged Ponzi scheme involving the South Korean wallet provider and exchange PlusToken. Although more is being uncovered about PlusToken, the mystery is all around the key events and there is analysis in the altcoin news about the case.

• Pincoin’s Case Which Scalped Investors Out Of An Alleged $660 Million In Tokens

On April 9 last year, two ICOs including iFan and Pincoin were operating under the umbrella of one tech company based in Vietnam. They both went silent after reports showed that 32,000 investors were scalped out of an alleged $660 million in tokens, as Tuoi Tre News reported.

Victims are still featured on the best cryptocurrency news sites, claiming the damages amount to roughly 15 trillion Vietnamese dong ($660 million) in token sales. This makes the Pincoin case one of the biggest crypto heists ever.

• QuadrigaCX Made Investors Lose $195 Million In Crypto

The death of the 30-year old CEO of the exchange QuadrigaCX shook the crypto world – not only because he was the head of the largest exchange in Canada – but also because he had full control of the passwords and keys to accounts rendered all the assets on the exchange forever inaccessible. The losses amounted to more than $195 million of stolen cryptocurrency, which makes QuadrigaCX one of the biggest crypto scams too. However, the death of the CEO is still a mystery and there is an ongoing investigation by the FBI on the entire case.