WEBVTT

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- John Dillinger is small time

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compared to these crypto
heists that happened this year.

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Here are just five of
the largest crypto heists

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as of June 2022.

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Crypto.com, the popular
cryptocurrency exchange

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that somehow recruited Matt
Damon to appear in its ads

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and got a stadium named after it,

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answer, wads of money,

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admitted in January
that it had been hacked

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by cyber criminals.

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Hackers outsmarted the exchange's
two-factor authentication,

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managing to steal nearly $35 million

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in cryptocurrency from the platform.

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As Damon once said-

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- (whiny voice) Matt Damon!

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- No, not that one.

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He said-
- How do you like dem apples?

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IRA Financial recently had the bright idea

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to partner with the crypto exchange Gemini

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to allow users to invest in cryptocurrency

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via their retirement accounts.

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A cyber criminal somehow
managed to swipe $36 million

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in cryptocurrency tied to
client funds from IRA Financial.

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The two companies are now facing

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a proposed class action
lawsuit over the incident.

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The heist hasn't stopped Fidelity

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from allowing its 401k account holders

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to invest in cryptocurrency though,

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but proceed with caution.

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In April, hackers descended
upon crypto company Beanstalk,

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which describes itself

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as a "decentralized credit-based
stablecoin protocol".

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Whatever the hell that means,

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it sure didn't stop a cyber criminal

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from conducting a flash loan attack

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that drained approximately $182 million

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in crypto from its servers.

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The hacker then transferred the
funds into a private wallet,

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absconding with the digital cash.

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"We are fucked," commented
one of the project developers

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following the hack.

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That sounds about right.

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Wormhole is a DeFi cross-chain protocol,

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meaning it facilitates the
secure transfer of tokens

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from one crypto ecosystem to another.

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Unfortunately, Wormhole's
secure asset transfers

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aren't always so secure.

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In February, cyber criminals
exploited a vulnerability

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in Wormhole's smart contract code

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to suck out 120,000 Wrapped
Ether, a variant of Ethereum,

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which was equivalent to some $325 million

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at the time of the theft.

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March saw one of the largest
cryptocurrency heists

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of all time.

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This time the target was Axie Infinity,

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a blockchain-based online game

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that sees players gather and mint NFTs.

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Cybercriminals compromised
the Ronin blockchain,

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which the Axie project is built on,

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thieving a whopping
$625 million in tokens.

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The FBI has said that the North
Korean hacking group Lazarus

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is responsible for the heist.

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To read more about crypto
heists, check out gizmodo.com.