- Hong Kong’s Maxine cryptocurrency firm was hit by a $200 million hack in 2023.
- Attackers breached Maxine’s network, stealing various cryptocurrencies.
- Tenth largest crypto theft in history, the largest in 2023, per Blockchain Research Firm
Maxine, a Hong Kong-based cryptocurrency corporation, was the target of a large hacking event this year, leading to a catastrophic loss of $200 million. Maxine reported the hack in a statement on the social media platform X, sending shockwaves throughout the bitcoin market.
Maxine claimed that dangerous hackers accessed their network and stole $200 million in various cryptocurrencies. Maxine has temporarily paused all money transfer services on its platform as a result of the security vulnerability. However, the corporation told its one million customers that service would be restored after the security issues were fixed.
This hack’s daring is unprecedented in 2023, as it is currently the largest bitcoin theft of the year. This robbery is the tenth greatest in cryptocurrency history, according to Blockchain Research Firm, following a major $3.8 billion hack in 2022.
Cryptocurrency companies around the world are being asked to reassess and improve their security systems in order to avoid such disastrous attacks in the future. Maxine’s sad ordeal serves as a sharp reminder of the cryptocurrency industry’s ongoing challenges and the necessity for continued attention to preserving digital assets.