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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 Dhara Chavda
Published 2021-08-19
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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
By Dhara Chavda
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Dhara Chavda is a Research Analyst at The Crypto Times. She covers U.S. crypto regulation — including the CLARITY Act and GENIUS Act — DeFi security and major protocol exploits, and investigations into crypto fraud and enforcement actions. Her work emphasizes primary sourcing and on-chain verification over secondary commentary. Dhara joined The Crypto Times in 2020 and has followed every major market cycle since — the 2021 bull run, the 2022 Terra and FTX collapses, the 2023 banking turmoil, the 2024 spot Bitcoin ETF launch, and the 2025–2026 regulatory cycle — first assigning and reviewing the desk's coverage, and now writing it herself. Her reporting has been cited by international outlets including TheStreet and Argentina's La Nación. She holds a Bachelor of Engineering in Computer Engineering from Gujarat Technological University (GTU), which informs her technical reporting on on-chain data, smart contract analysis, and protocol architecture.

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