Cryptocurrency Risk Events
From Open Risk Manual
Contents
Purpose
Cryptocurrency Risk Events is an open catalog of observed (publicized) operational failures of cryptocurrency business models. The catalog aims to document (in due course) such events reasonably accurately to allow risk managers understand the (potentially new) vulnerabilities of new financial services models.
Criteria for inclusion
Risk Event Eligibility
There should be adequate, independent, confirmed and public information about the event, with authoritative, permanent urls.
Materiality Threshold
A 1mln (rough) equivalent threshold is used.
List of Events
1. Entity | 2. Publication Date | 3. Country | 4. Category | 5. Event Description | 6. Event Type | 7. Loss Amount | 8. Links |
---|---|---|---|---|---|---|---|
MtGox | Jun 2011 | Japan | Cryptocurrency | Security Breach | EF | 2,609 BTC | Wikipedia |
MtGox | Dec 2014 | Japan | Cryptocurrency | Theft | IF | 744,408 BTC | Wikipedia |
Slock.io | Jun 2016 | Germany | Cryptocurrency | Software Hack | EF, BE | 3,641,694 ether | NYT |
Bitfinex | August 2016 | Hong Kong | Cryptocurrency | Security Breach | EF | 120,000 BTC | Reuters |
Yapizon | May 2017 | South Korea | Cryptocurrency | Security Breach | EF | $5.3 mln in BTC | Bitcoin.com |
Swarm City,Edgeless Casino, Aeternity | July 2017 | US | Cryptocurrency | Security Breach | EF | $32.6 million / 153,000 ether | CNBC |
Bithumb | July 2017 | South Korea | Cryptocurrency | Security Breach | EF | $1 mln in BTC / ether | Fortune |
CoinDash | August 2017 | US | Cryptocurrency | Security Breach | EF | $7 mln (in ether) | CNBC |
Enigma | August 2017 | US | Cryptocurrency | Security Breach | EF | $500,000 (1,492 ether) | Wired |
Huobi, OKCoin | August 2017 | China | Cryptocurrency | Misuse of client funds | IF | $150 mln | Quartz |
Tezos | Sep 2017 | US / Switzerland | Cryptocurrency | Misuse of client funds | IF | $232 mln | Reuters |
NextBlock Global | Oct 2017 | Canada | Cryptocurrency | False representations | CPBP | NA | Forbes |
Parity Technologies | Nov 2017 | UK | Cryptocurrency | Software bug / User error | BD | $300 mln | Guardian |
Tether | Nov 2017 | Hong Kong / US | Cryptocurrency | Security Breach | EF | $31 mln | Bloomberg |
NiceHash | Dec 2017 | Slovenia | Cryptocurrency | Security Breach | EF | 4,700 BTC ($70 million) | WSJ |
Youbit | Dec 2017 | South Corea | Cryptocurrency | Security Breach leading to bankruptcy | EF | 17% of assets | BBC |
See Also =
- A larger list of bitcoin incidents was maintained in the bitcointalk.org List of Bitcoin Heists site (apparently no longer updated)
- Fintech Risk Events