Crypto Disasters
Real collapses, real hacks, real money lost — explained honestly, not to scare you, but so you actually understand what can go wrong and why. Every entry here covers what happened, why, and what it changed.
Understanding how crypto's biggest failures actually happened teaches more about real risk than any warning ever could. These aren't cautionary tales for shock value — each one is a specific, well-documented failure with a specific lesson.
The WazirX Hack (2024)
India's largest exchange lost $235 million to North Korean state hackers — the most relevant disaster on this list if you're investing from India.
Read this first →WazirX (2024)
$235 million stolen from India's largest exchange by North Korea's Lazarus Group — and the messy 15-month road to recovery.
FTX Collapse (2022)
How the world's second-largest exchange vanished in 10 days — and $8 billion in customer funds with it.
Mt. Gox (2014)
Crypto's first mega-hack — 850,000 BTC drained over 3 years, with a bankruptcy still paying out victims a decade later.