Crypto Hack Losses Head Past On-Chain Revenue for First Time Since 2020
45Importance
updatingStatus
2News media
- Published
- Updated
Key claims & sources
Summary in preparation.
Market reaction i
Total crypto marketall crypto assets combined
no single asset in the event: read against the whole market
The total crypto market fell 0.3% in the 4 hours after the first headline, after rising 0.1% in the 2 hours before.
$2.5T
market cap at the headline
+0.1%
2 h before
-0.3%
4 h after
-1.4%
9 h after (so far)
First headline
41 prices, one every 30 minutes
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
BeInCrypto
scoop
Nov 12 04:45
BeInCrypto
scoop
Breaks the event: $47B
+8 h 47 m
Cointelegraph
adds
Nov 12 13:31
Cointelegraph
adds
Sharpens the figure: $8.7B, with quotes
Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 26 days ago | Coffer · Rounding Error incident | $1 |
| 5 days ago | LNbits · Unknown incident | no figure in dollars |
| 8 days ago | FLOKI Trading Bot incident | no figure in dollars |
| 13 days ago | b14g · Unknown incident | no figure in dollars |
| 26 days ago | AlpsCon (~152.8K USDC) incident | no figure in dollars |
4302 incidents stored · 2187 were as large as this one or larger ($1)