The Japanese exchange Liquid was hacked and approximately $80 million in digital assets were removed from the platform.
The exchange confirmed the security breach in a tweet on August 19, and Liquid revealed the wallet address related to the breach. The exchange noted that only its hot wallet was affected, adding that its assets are currently being transferred to cold storage.
Liquid has suspended withdrawals and deposits, and the exchange promised to provide regular updates as the investigation unfolds.
The following assets have been transferred to the hacker’s following address (further investigation):
— Liquid Global Official (@Liquid_Global) August 19, 2021
Although Liquid has not confirmed how much was stolen, Cointelegraph has determined that hackers seem to have stolen more than 107 BTC, 9,000,000 TRX, 11,000,000 XRP, and nearly 60 million U.S. dollars worth of ETH and ERC-20 tokens.
There are unconfirmed reports that the Ethereum wallet has leaked deposits from Celsius Network, a crypto revenue provider.April, Celsius Announce It has been integrated with Liquid to provide customers of the exchange with a compound return on digital asset purchases.
The announcement pointed out that Liquid became one of the first fiat cryptocurrency exchanges to support Celsius’s native CEL token in 2019, and stated that the two companies have “continued to strengthen their partnership” since then.
According to a tweet by the exchange’s chief executive Jonny Lyu, another exchange, KuCoin, quickly responded to the hacking by blacklisting the addresses involved in the hacking.
— Johnny_KuCoin (@lyu_johnny) August 19, 2021
In November 2018, Liquid suffered violation Seeing that the personal information of its users was exposed to hackers, which may include names, addresses, and passwords.