Japanese cryptocurrency exchange Liquid Global just suffered a massive hack, losing control of tens of millions of dollars in top crypto assets, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and XRP.
Blockchain analytics firm Elliptic is tracking the hack and tallying up the numbers. The firm says $97 million in cryptocurrency has been stolen, according to a blog post.
“This includes $45 million in Ethereum tokens, which are currently being converted into Ether using decentralised exchanges (DEXs) such as Uniswap and SushiSwap. This enables the hacker to avoid having these assets frozen – as is possible with many Ethereum tokens.”
After discovering the flash hack, Liquid quickly informed the public on Twitter with a list showing the addresses where the assets were sent and further revised the list two hours later to include Tron and XRP.
“Important Notice Update:
The following assets had been transferred to the hacker’s following addresses:
BTC1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q
ETH/ERC-20 0x5578840aae68682a9779623fa9e8714802b59946
ETH 0x8762db106b2c2a0bccb3a80d1ed41273552616e8
… We will continue to work with the community to take the appropriate actions.
Revised list:
ETH 0xefb33ccafc98d5fdb27a6f5ff17350ca76bf3b53
ETH 0xca0e7269600d353f70b14ad118a49575455c0f2f
TRXTSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp
XRP rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby”
In April, Liquid Global chose crypto lending platform Celsius Network as the company’s crypto custodian. Since the hack, Celsius CEO Alex Mashinky told his 117,800 Twitter followers that Celsius’ assets and accounts were safe amid the breach on Liquid.
Liquid isn’t the only Japan-based cryptocurrency exchange to undergo a massive hack.
In 2014, the infamous Tokyo-based crypto exchange Mt. Gox came crashing down after a hacker seized 850,000 BTC from the platform.
More recently, crypto exchange Coincheck was hacked in 2018 when hundreds of millions of dollars in XRP and NEM tokens were stolen.
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