Incident All ledgers
Bilaxy: $21.7m
Bilaxy lost $21.7m on 29 August 2021. Ranked 129th of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 29 August 2021
- Lost
- $21.7m
- Returned or repaid
- None recorded
- Target
- CEX
- Category
- Key Compromise
- Method
- Hot Wallet Key Compromised
- Chains
- Ethereum
In late August 2021, attackers compromised the hot wallet of crypto exchange Bilaxy and took about $21.7 million in ERC20 tokens such as USDT, USDC and UNI, then moved 200 ETH through Tornado Cash.
Against the ledger
- It ranks 129th of the 1,272 incidents with a known loss, and 27th in 2021.
- It accounts for 2.7% of the $798.2m in known losses in August 2021.
- 153 incidents in the ledger are classified as Key Compromise, for $8.96bn in total. This one is 0.2% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 09 Jul 2018 | Bancor V3 | $23.5m | DeFi Protocol | Hot Wallet Key Compromised | — |
| 14 Apr 2023 | Bitrue | $23.0m | CEX | Hot Wallet Key Compromised | — |
| 04 Jun 2024 | Lykke | $22.4m | CEX | Hot Wallet Key Compromised | — |
| 24 Sept 2025 | SBI Crypto | $21.0m | Other | Hot Wallet Key Compromised | — |
| 16 Nov 2024 | DEXX | $21.0m | Wallet | Private Key Compromised | — |
All failures in 2021 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “Bilaxy, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/bilaxy-2021-08-29/. How this is built