The Liquid Global exchange has been emptied of over $80 million in digital assets. Kucoin replied by blacklisting the addresses associated with the theft.
Liquid, a Japanese exchange, has been hacked, with around $80 million in digital assets being removed from the platform. In an August 19 tweet, the exchange verified the security vulnerability, with Liquid releasing the wallet addresses affected by the attack. The exchange stated that only its warm wallets were impacted and that it is presently migrating its funds to cold storage.
Liquid has paused withdrawals and deposits, with the exchange vowing to offer regular updates as its investigations continue. While Liquid has not confirmed the precise amount stolen, Cointelegraph reports that the hackers appear to have taken more than 107 BTC, 9,000,000 TRX, 11,000,000 XRP, and about $60 million in ETH and ERC-20 tokens.
Unconfirmed sources indicate that the Ethereum wallet that was compromised contained deposits from cryptocurrency yield provider Celsius Network. Celsius announced in April that it had partnered with Liquid to provide consumers of the exchange a compounding return on digital asset purchases.
The announcement stated that Liquid was one of the first fiat-to-crypto currency exchanges to handle Celsius’s native CEL coin in 2019 and that the two companies have since “continued to develop their cooperation.” According to a tweet from KuCoin’s CEO, Jonny Lyu, another exchange quickly responded to the hack by blacklisting the addresses used in the attack.
In November 2018, Liquid suffered a data breach in which hackers gained access to its users’ personal information, including their names, addresses, and passwords.
Also Read: El Salvador Issued A Draft For Bitcoin Banking Legislation
Wallets