Threat actors stole $97 million from Liquid cryptocurency exchange

Pierluigi Paganini August 19, 2021

Japanese cryptocurrency exchange Liquid was hit by a cyber attack, threat actors stole $97 Million worth of crypto-currency assets from the company.

Japan-based cryptocurrency exchange Liquid was hit by a cyber attack that resulted in the theft of $97 Million worth of crypto-currency assets from its warm wallets.

Liquid confirmed that crooks stole various crypto-currency assets, including Ethereum, Bitcoin, Stablecoins, Ripple, and other tokens. The company identified the addresses used to receive the stolen funds:

  • BTC: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q
  • ETH/EWT: 0x5578840aae68682a9779623fa9e8714802b59946
  • TRX: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp
  • XRP: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby

According to cryptocurrency security firm Elliptic, over $97 million in cryptoassets have been received by the above wallets.

“This includes $45 million in Ethereum tokens, which are currently being converted into Ether using decentralised exchanges (DEXs) such as Uniswap and SushiSwap. This enables the hacker to avoid having these assets frozen – as is possible with many Ethereum tokens.” reads the analysis published by Elliptic.

“Elliptic has added the addresses associated to the thief to our system, ensuring that our clients will be alerted if they receive any of these funds. Our investigators are also aiding Liquid with tracking the stolen funds.”

In response to the attack, the exchange started moving assets into cold wallets, which are stored offline.

The company is asking users to not deposit crypto-currency assets in their Liquid wallets.

Last week another clamorous attack against cryptocurrency industry made the headlines, a hacker that goes online with the moniker “Mr. White Hat” has stolen $600 million worth of cryptocurrency from Poly Network. The threat actor later decided to return all the stolen assets.

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Pierluigi Paganini

(SecurityAffairs – hacking, Liquid)

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