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Market News

Hot wallets of the Japan’s Liquid Global Exchange compromised

Liquid specified four blockchain addresses – in Bitcoin, Ethereum, Tron and XRP – that are associated with the hacker.

Written By:
Dhara Chavda

Last updated: August 19, 2021 12:36 PM
Published August 19, 2021 12:36 PM
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Last updated: August 19, 2021 12:36 PM
Published August 19, 2021 12:36 PM
Hot wallets of the Japan's Liquid Global Exchange compromised

In Brief:

  • The exchange has not determined the total amount stolen, but the value taken in bitcoin, ether, XRP, and Tron could be upwards of $80 million.
  • “We are currently investigating and will provide regular updates,” the exchange said in a tweet. 

Liquid Global, a Japan-based exchange, confirmed its security breach.  Liquid Global in a tweet announced that its hot wallets were compromised and that it was moving digital assets offline. The exchange revealed the wallet addresses implicated in the breach.

“We are currently investigating and will provide regular updates,” the exchange said in the tweet. “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 associated with the hacker. While the exchange has not yet confirmed the total amount of stolen assets, several researchers believe that the stolen amount could be about $90 million or above. 

So far, the exchange has revealed nine wallet addresses where the hacker is depositing heisted funds. 

Some balance details about wallets:
106.6 Bitcoinhttps://t.co/UZKieOxcCM
14,573 Ether and 7,039 Ether ERC20 Tokenshttps://t.co/yw9QxH7pXj
21,244,314 Tron and 1,609,635 TRC20 USDThttps://t.co/cZ8KOThnbi
11,508,495 Ripple https://t.co/ba8b4bq6w7@Tether_to @paoloardoino https://t.co/ia11c9usCh

— OKLink (@OKLink) August 19, 2021

ALSO READ: White Hat Hacker Just Saved $350M Heist on the SushiSwap

Another exchange, KuCoin, responded to the hack by blacklisting the addresses involved in the hack, according to a tweet from the exchange’s CEO, Jonny Lyu.

Shortly after Liquid revealed the hack on Twitter, bitcoin’s price started to drop below $45,000. The prices are now changing hands around $44,100.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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