Liquid Exchange is Latest Victim of Crypto Hack

A Japanese exchange, Liquid Global exchange is the latest hack victim with over $80 million worth of digital assets moved due to a security breach.

The exchange confirmed the incident in a tweet earlier today saying that only its hot wallets were affected by the security breach, before adding that other assets in those affected wallets have been moved into its cold wallets.

As a result, deposits and withdrawals have been temporarily suspended, which the exchange promised to update. According to the firm, “we are currently investigating and will provide regular updates. In the meantime, deposits and withdrawals will be suspended.”

In a follow-up tweet, wallets’ addresses listed by Liquid exchange revealed that assets that were involved in the attack include Bitcoin, Ethereum, Tron, and XRP. 

Though the exchange did not confirm the worth of the stolen assets, a source familiar with the attack stated that approximately $80 million worth of crypto were stolen. As analyzed by the source, the Bitcoin address has 107 BTC, worth over $5 million, and  9,000,000 TRX, 11,000,000 XRP, plus over $60 million worth of ETH and ERC-20. In response to the hack, KuCoin has since blacklisted the addresses involved.

It has also been rumoured that Celsius Network Ethereum deposits are in the attacked wallets. Recall that the company announced its partnership with Liquid in April, making Liquid Exchange one of the first fiat-to-currency exchanges to support CEL tokens.

Following the revelation of this hack, the flagship crypto-asset price has fallen below $45,000 and is now trading around $44,100.

Total
0
Shares
Views and opinions expressed are solely those of the author and not of The DeChained or any affiliated party. Views or opinions expressed in this article (or any article on the website) are not financial advice. Articles are for informational purposes only. The author and The DeChained may hold positions in assets discussed in this or other articles.
Related Posts