{"id":11230,"date":"2021-08-19T10:54:25","date_gmt":"2021-08-19T10:54:25","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-exchange-liquid-hacked-loses-millions-in-various-currencies\/"},"modified":"2021-08-19T10:54:25","modified_gmt":"2021-08-19T10:54:25","slug":"crypto-exchange-liquid-hacked-loses-millions-in-various-currencies","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-exchange-liquid-hacked-loses-millions-in-various-currencies\/","title":{"rendered":"Crypto Exchange Liquid Hacked, Loses Millions in Various Currencies"},"content":{"rendered":"

Japanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets. The platform published the suspected hacker\u2019s addresses and said it\u2019s moving funds to cold storage. <\/strong><\/p>\n

Hacker Hits Japanese Crypto Exchange Liquid<\/h2>\n

Asian cryptocurrency exchange Liquid Global has confirmed it has been targeted in a hacking attack. In a notice tweeted early on Thursday, the coin trading platform revealed that some of its warm wallets were compromised, adding that it\u2019s currently investigating the incident.<\/p>\n

Important Notice:
\nWe are sorry to announce that #LiquidGlobal<\/a> warm wallets were compromised, we are moving assets into the cold wallet.<\/p>\n

We are currently investigating and will provide regular updates. In the meantime deposits and withdrawals will be suspended.<\/p>\n

\u2014 Liquid Global Official (@Liquid_Global) August 19, 2021<\/a><\/p>\n<\/p>\n

Liquid<\/a>, which operates under a license from Japan\u2019s Financial Services Agency, informed users it\u2019s suspending deposits and withdrawals and promised further updates. The exchange also said it\u2019s moving crypto assets to cold wallets.<\/p>\n

<\/p>\n

The trading platform later published four addresses, in BTC<\/a>, ETH<\/a>, TRX<\/a>, and XRP<\/a>, believed to be in the control of the hacker. It did not provide an estimate on the value of the stolen crypto but initial reports have suggested the total amounted to around $80 million in the hours prior to the announcement.<\/p>\n

The following assets had been transferred to hacker\u2019s following addresses (Further investigation to come):
BTC<\/a>: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q
ETH<\/a>\/EWT: 0x5578840aae68682a9779623fa9e8714802b59946
TRX<\/a>: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp
XRP<\/a>: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby<\/p>\n

\u2014 Liquid Global Official (@Liquid_Global) August 19, 2021<\/a><\/p>\n<\/p>\n

In a follow-up tweet<\/a>, Liquid said it\u2019s working with other cryptocurrency exchanges to freeze and recover the digital funds. Kucoin blacklisted the hacker\u2019s addresses after their publication. Liquid Global also stated:<\/p>\n

We will continue to work with the community to take the appropriate actions.<\/p>\n

The Japanese platform said it\u2019s continuing to trace the movement of the misappropriated assets, noting that the hacker deposited XRP<\/a> via another exchange and withdrew BTC<\/a> to two other addresses. In subsequent updates, Liquid expanded the list of tracked crypto addresses and transactions.<\/p>\n

This isn\u2019t the first time Liquid has been compromised. In November 2020, the exchange admitted to a user data leak. In an announcement<\/a>, the company insisted it had contained the attack, assuring clients that funds were \u201csafe and secure.\u201d It also emphasized it had performed a \u201ccomprehensive review\u201d of its infrastructure and promised to further bolster its security.<\/p>\n

The news of this latest attack on Liquid comes after decentralized finance (defi) project Poly Network recently lost<\/a> over $600 million to a hacker. A few days later, the project\u2019s team announced that a large portion of the funds stolen in the Aug. 10 heist had been returned<\/a> by the perpetrator.<\/p>\n

What\u2019s your take on the latest crypto exchange hack? Share your thoughts on the subject in the comments section below. <\/em><\/strong><\/p>\n

Bitcoin News
\nNews, addresses, Assets, Attack, BTC, Crypto, crypto exchange, Crypto Funds, Cryptocurrencies, Cryptocurrency, deposits, Digital Assets, ETH, Exchange, Funds, Hack, Hacker, Liquid, Security, security breach, Storage, trx, Wallets, withdrawal, XRP<\/p>\n","protected":false},"excerpt":{"rendered":"

Japanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets. The platform published the suspected hacker\u2019s addresses and said it\u2019s moving funds to cold storage. Hacker Hits Japanese Crypto Exchange Liquid Asian cryptocurrency exchange Liquid Global has confirmed it…<\/p>\n","protected":false},"author":0,"featured_media":11231,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11230"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11230"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11231"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}