Top 3 Bitcoin Price Drops Post-Hack

Major crypto hacks have historically triggered significant, albeit often temporary, drops in Bitcoin's price, reflecting market sensitivity to security breaches.

The top 3

  1. Mt. Gox Collapse: 30% Plunge (2014): In February 2014, the collapse of Mt. Gox, then the largest Bitcoin exchange, after hackers stole hundreds of millions of dollars worth of Bitcoin, caused the price to plunge by 30%.
  2. Bitfinex Hack: 13% Drop (2016): Following the theft of $65 million worth of Bitcoin from the Bitfinex exchange in August 2016, Bitcoin's value slumped by 13% over two days.
  3. Bybit Hack: Bitcoin Dips Below $90K (2025): The record-breaking $1.5 billion Ethereum theft from Bybit in February 2025 contributed to Bitcoin's price falling below $90,000, reflecting broader market concerns following the major hack.

Sources

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