Japanese cryptocurrency exchange Liquid Global has revealed that it has been attacked by hackers who managed to get away with almost €100 million worth of cryptocurrency. This is the second major cryptocurrency heist in as many weeks, following the recent Poly Network heist where the hacker made off with €600 million worth of cryptocurrency. “We are sorry to announce that #LiquidGlobal's hot wallets have been compromised, we are moving assets to the cold wallet,” the company said on Twitter.
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Although the total amount stolen from Liquid has yet to be determined, the BBC reports that, according to estimates by blockchain analytics firm Elliptic, the value of more than a dozen cryptocurrencies and coins could exceed €97 million.
To turn on the heating
Bringing news of the heist, Liquid said it is actively tracking the movement of the stolen cryptocurrency and working with other exchanges to freeze and recover assets. “We are currently investigating and will provide regular updates. In the meantime, deposits and withdrawals will be suspended,” the exchange tweeted. Like the Poly Network heist, Liquid has also released the wallet addresses used by the hacker, along with details of the funds, and is working to freeze and blacklist the assets. While the Poly Network hacker returned the loot within hours, claiming to be a hacker who only took the funds to bring a vulnerability in their implementation to Poly's attention, so far it appears that Liquid was attacked by good minions with profit. . "The Liquid teams are still evaluating the attack vector used and taking steps to mitigate the impact on users," the company noted in a blog post. Despite its supposedly anonymous nature, cryptocurrencies can be blacklisted and your transactions tracked. Crypto thieves often wait several years for the heat to subside before they can spend their ill-gotten stash, and it will be interesting to see the response from those who hit Liquid. via the BBC