Definition ∞ Large-Scale Heist refers to a significant theft of digital assets, typically involving substantial monetary value. These events often result from the exploitation of systemic vulnerabilities in exchanges, decentralized protocols, or wallet infrastructure. Such incidents frequently attract widespread media attention due to the considerable financial impact and the sophistication of the attacks. They represent a major security failure.
Context ∞ Large-scale heists have a pronounced impact on market confidence and often trigger increased regulatory scrutiny of digital asset security practices. The industry continually responds by strengthening security protocols, enhancing audit procedures, and developing more resilient infrastructure. These events underscore the persistent challenges in safeguarding digital wealth.
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