CoinBene Exchange Hacked for $105 Million
- Centralized Exchange
- Security
On March 19, 2019, CoinBene, a lesser-known crypto exchange, suffered a massive hack resulting in the loss of $105 million in user funds. The breach involved multiple cryptocurrencies and was attributed to compromised hot wallets. This incident highlighted the persistent security risks of centralized exchanges during a period of growing crypto adoption.
Incident Details
- Type
- EXCHANGE HACK
- Funds Lost
- $105M
- Status
- Total loss
CoinBene faced significant backlash and loss of user trust, with limited transparency on recovery efforts.