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Japan: hackers steal $ 97 million from cryptocurrency exchange

2021-08-20T13:02:48.842Z


Liquid, a Japanese cryptocurrency exchange, is seeking to recover nearly $ 100 million in stolen assets. It's the


Voted for being inviolable and secure, cryptocurrencies have just seen two major thefts in quick succession. One on August 11 saw the Poly Network platform have nearly $ 600 million stolen, before the hacker returned his loot. He had claimed to have carried out the theft to highlight a security breach. This time it was the Japanese cryptocurrency exchange Liquid, based in Tokyo, which said in a statement Thursday that it had "detected unauthorized access to some of the cryptocurrency wallets managed by Liquid." The company said it has suspended cryptocurrency withdrawals while it assesses the impact of the attack. However, discussions continue during this time.

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

According to Elliptic, a London-based firm that helps track down stolen cryptocurrency, "just over $ 97 million in cryptocurrency was received in accounts identified by Liquid as belonging to the thief."

“Our investigators are helping Liquid track stolen funds,” Elliptic added in a blog post.

Popular cryptocurrencies

The popularity of cryptocurrencies has skyrocketed in recent years, despite their volatility and concerns about their environmental impact.

Bitcoin, ethereum, and other digital currencies use a technology called blockchain, which ensures that every transaction is recorded.

Thieves who attempt to steal cryptocurrency typically move funds across many accounts at breakneck speed - sometimes with hundreds of thousands of transactions - in an attempt to cover their tracks.

However, industry players have improved their ability to identify and block stolen cryptocurrencies.

Liquid thus indicated that a sum in ethereum, equivalent to $ 16.3 million, had already been frozen "thanks to the help of the cryptographic community and other exchanges".

Source: leparis

All tech articles on 2021-08-20

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