Hackers stole $ 94 million from Japanese cryptocurrency exchange Liquid

Hackers stole $ 94 million from Japanese cryptocurrency exchange Liquid

Japanese cryptocurrency exchange Liquid has been hacked. Unknown hackers hacked into its servers and stole crypto assets, whose value at current rates is estimated at $ 94 million.

While the company is investigating what happened, deposits and withdrawals are temporarily not working.

Liquid reports that the theft occurred due to the fact that attackers were able to access the exchange’s hot wallets, where funds for daily transactions are stored. Liquid is currently transferring the remainder of the funds to cold wallets and trying to block hackers from accessing their network.

Company representatives posted a series of tweets (1, 2, 3, 4), which listed the addresses of the wallets where the attackers took the funds.

Blockchain analysis company Elliptic, informs that the criminals stole just over $ 94 million in cryptocurrency (the amount was calculated at the time of the attack, as prices for some cryptocurrencies began to fall after the news of the hack). The researchers say that this amount includes about $ 45 million in Ethereum tokens, which criminals are already converting into other assets through the Uniswap and SushiSwap decentralized exchanges in an effort to avoid freezing stolen funds.

Interestingly, this is the second hack Liquid is facing. The first attack on the exchange took place in November 2020. Then hackers penetrated the company’s internal network and stole the data of a number of customers, but they could not steal the cryptocurrency.

Related Posts