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$74 Million Cryptocurrencies Were Stolen By Hacker

Digi News Staff by Digi News Staff
August 20, 2021
in Business, News
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$74 Million Cryptocurrencies Were Stolen By Hacker
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Cryptocurrency exchange in Japan Liquid has unfortunately being hacked. It has been reported that the hacking was worth $74 million of Ethereum, Bitcoin  and several others were stolen. 

Liquid is Japan’s regulated cryptocurrency exchange that has confirmed the severe breach. They have also added that this has compelled them to suspend the withdrawals and deposits. 

bitcoin ethereum 11zon
Bitcoin, Ethereum

Despite Liquid has still not confirmed the actual value of the currency stolen in the process, The Block which is the digital assets publication has offered the estimated amount of cryptocurrency to be $74 million. 

Liquid has also added and shared their views on Thursday where they have mentioned that the online warn wallets will be compromised and they were about to move their assets to the offline or “Cold wallet.” 

Important Notice:
We are sorry to announce that #LiquidGlobal warm wallets were compromised, we are moving assets into the cold wallet.

We are currently investigating and will provide regular updates. In the meantime deposits and withdrawals will be suspended.

— Liquid Global Official (@Liquid_Global) August 19, 2021

The mentioned, “We are sorry to announce that #LiquidGlobal warm wallets were compromised, we are moving assets into the cold wallet. We are currently investigating and will provide regular updates. In the meantime, deposits and withdrawals will be suspended.“

Check Out : MasterCard waves Goodbye to the Magnetic Strips

 Keeping their customers updated, they have provided further information in their second tweet where they have stated that the following assets were being moved to the following addresses of the hackers. 

BTC: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q

XRP: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby

ETH/EWT: 0x5578840aae68682a9779623fa9e8714802b59946

TRX: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp

As mentioned by Liquid, the investigation is still in the process. 

As per the website, this exchange has over 800,00 customers along with a daily highest trade volume in 2021 has been estimated to be more than $1.1 billion 

Tags: BitcoinCryptocurrencyEthereumHackerJapan Liquid
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