Elliptic 10-year Anniversary: the Biggest Crypto Hacks of the Last Decade
2023-04-18 • Elliptic •
Elliptic’s anniversary article reviews major cryptocurrency hacks and frames DeFi protocols and cross-chain bridges as increasingly attractive targets for high-value theft. The source describes the $611 million Poly Network compromise, the $569 million BSC Token Hub exploit, and the start of the Ronin bridge theft as examples of large-scale cross-chain or bridge-related incidents. It also notes that attackers increasingly use bridges and decentralized exchanges to launder stolen funds, while blockchain analytics and rapid exchange or stablecoin-issuer action can help label, freeze, or render some stolen assets inaccessible. For Lazarus Day tracking, the article provides context on the crypto-bridge theft and laundering environment without adding unsupported actor attribution in the provided evidence.