Since 2012, 48 burglaries have been recorded. The most common way of stealing assets from #exchanges was hacking of hot #wallets.

Here are the top 3 cryptocurrency theft cases:

#Mt.GOX : Mt.Gox was one of the largest cryptocurrency exchanges in the world until its collapse in 2014. The exchange reported the theft of more than 850,000 bitcoins, which was about 7% of the total Bitcoin volume at the time.

#Bitfinex : In 2016, Bitfinex, one of the largest cryptocurrency exchanges in the world, reported the theft of over 120,000 bitcoins. The value of the stolen funds at that time was about 72 million US dollars. The exchange has implemented security measures and developed a repayment plan to compensate its users for losses.

#Coincheck : In January 2018, Japanese cryptocurrency exchange Coincheck reported the theft of more than 500 million units of the NEM (XEM) cryptocurrency, worth around $530 million at the time.

#MANTA Shiba Inu's lead developer, Shytoshi Kusama, proposes a revolutionary shake-up in the crypto world with $SHIB Name TokensContents: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch #InvestmentStrategies . Simplifying the Web3 journey A universal crypto usernameShytoshi Kusama, the lead developer behind the meme coin project Shiba Inu, has put forth a vision for a new form of digital identity within the #cryptoWorld . Kusama criticized the current complexity of wallet addresses and proposed a more user-friendly alternative that could significantly simplify transactions for the average user."These long, complex #wallets. addresses make no sense to the average user, and it’s time for something simpler," he said. Simplifying the Web3 journey As part of a collaborative effort with D3inc, Kusama stressed the importance of the introduction of SHIB Name Tokens, which are intended to act as #MultiChain , cross-platform usernames. This innovative approach could streamline the process of transacting across various blockchains, potentially resolving a common pain point for users who grapple with lengthy and complicated wallet addresses. These tokens are designed to replace existing wallet addresses with something far simpler, a *shib extension that could make sending and receiving digital assets as easy as sending an email.A universal crypto usernameBeyond simplifying transactions, Kusama's vision extends to a broader utility within the Web3 domain, where these Name Tokens could become a universal username for various platforms. This could include decentralized applications (dApps), games, decentralized finance (DeFi) services, and even social media. The intention is for the SHIB Name Token to serve as a singular identity across these platforms, thereby creating a more cohesive and user-friendly experience. The move aligns with the recent Wallet Connect feature integration into Shibarium, Shiba Inu's layer-2 solution. It is supposed to enhance user interaction by simplifying the process of authorizing transactions from mobile wallets.