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Liquid exchange hacked to the tune of $80 million

WikiBit 2021-08-19 14:33

Abstract:Over $80 million worth of digital assets has been removed from Liquid Global exchange. Kucoin has responded by blacklisting the addresses that received stolen funds.

  Japanese exchange Liquid has been hacked with about $80 million in digital assets moved off the platform.

  The exchange confirmed the security breach in an August 19 tweet, with Liquid revealing the wallet addresses implicated in the breach. The exchange noted that only its warm wallets were affected, adding that its assets are currently being moved into cold storage.

  Withdrawals and deposits have been suspended on Liquid, with the exchange promising to provide regular updates as its investigations unfold.

  While Liquid is yet to confirm exactly how much has been taken, Cointelegraph has identified that more than 107 BTC, 9,000,000 TRX, 11,000,000 XRP, and almost $60 million worth of ETH and ERC-20 tokens appear to have been taken by the hackers.

  There are unconfirmed reports that the Ethereum wallet compromised held deposits from crypto yield provider Celsius Network. In April, Celsius announced that it had integrated with Liquid to offer the exchanges customers a compounding return on digital asset purchases.

  The announcement noted that Liquid became one of the first fiat-to-cryptocurrency exchanges to support Celsiuss native CEL token in 2019, stating that the two firms “have continued to grow their partnership” since.

  Another exchange, KuCoin, promptly responded to the hack by blacklisting the addresses involved in the hack, according to a tweet from the exchanges CEO, Jonny Lyu.

  In November 2018, Liquid suffered a breach that saw its users personal information exposed to hackers, possibly including names, addresses, and passwords.

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