Japanese exchange Liquid hacked, hacker in possession of $74 million in crypto assets

advertisement

Liquid, a regulated crypto exchange in Japan, has suspended asset deposits and withdrawals as its hot wallets have been hacked in a security breach.

The firm said in a Tweet on Thursday morning Japan time that its hot wallets were compromised and it is moving assets into cold wallets. "We are currently investigating and will provide regular updates. In the meantime deposits and withdrawals will be suspended."

In a follow-up Tweet, Liquid specified four blockchain addresses – in Bitcoin, Ethereum, Tron and XRP – that are believed to be associated with the hacker.

But Liquid has not yet confirmed how much assets exactly have been stolen. The exchange has not responded to The Block's request for comment. 

But according to on-chain data flow, the four addresses in total received crypto assets worth more than $80 million with transactions all being initiated hours ago and are still in possession of about $74 million as of press time.

The Bitcoin address has received 106 BTC, worth $4.7 million, in multiple transactions but from just two sending addresses. The Ethereum address has received $69 million worth-of ETH and various ERC-20 tokens within the past seven hours.

The assets on the Tron and XRP addresses have been further sent out totaling to over $10 million.

Shortly after Liquid revealed the hack on Twitter, bitcoin's price started to drop below $45,000 and is now changing hands around $44,100.


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

The Era of dFMI for Institutional Digital Asset Markets

Post-trade in capital markets today operates primarily based on provision of balance-sheet to off-set counterparty risk, either directly or indirectly, via settlement agents, CCPs and CSDs etc.  The issues with this ‘hub and spoke’ model are well known, including the resulting massive duplication of data, bifurcated processes, concentration of risk and subsequent deployment of capital and resources that could be better utilized. 
Read Full Story
Sponsored Post

Retail traders are here to stay, says eToro's US CEO

On this episode of The Scoop, eToro's newly appointed US lead Lule Demmissie explained why she doesn't see retail's newfound presence in the market subsiding anytime soon and how eToro plans to capitalize on growing the business across cryptocurrencies and stock trading.
Read Full Story
Jan 26, 2022, 4:23PM UTC
More