![]() The Ronin Network Hack worth over $600 million While the scale of the breaches was not that different from last year, the fall in cryptocurrency values this year makes the monetary losses look smaller. These incidents expose Crypto Vulnerabilities. One of them is Ronin Network Heist back in March 2022. This year, there have been at least 6 exchange breaches so far totaling almost $1 billion in losses. There were over 40 breaches at cryptocurrency exchanges recorded in 2021 with losses over $30 billion US dollars. The latest hacks is of Binance BNB Cryptocurrency worth $570 million. As anonymous and secure cryptocurrency transactions are, the exchanges that conduct transactions and manage accounts are not that anonymous. ![]()
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