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Edited by Nick Baker. Follow realDannyNelson on Twitter.

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Digital assets teams at investment banks are facing an uphill battle against cyber attacks as cryptocurrency hacks hit a new record last year. Mt. Gox: $ Million The first major crypto hack occurred in when the crypto exchange Mt. Gox lost 25, bitcoins worth approximately $, At that. The X account of the Securities and Exchange Commission announced the approval of an investment product linked to Bitcoin. It wasn't true.

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What Is Crypto Insurance? However, it's important to first determine which type of wallet makes sense for you. Bilyuchenko, Verner, and their co-conspirators allegedly used their unauthorized access to Mt. Do you have a news tip for Investopedia reporters?