Liquid Global exchange loses approximately $80M following an attack

Liquid Global exchange loses approximately $80M following an attack
фото показано с : invezz.com

2021-8-20 14:06

Liquid Global, a Japanese crypto trading platform, has suffered a hack that saw malicious actors walk away with approximately $80 million (£58.44 million). The exchange unveiled this news through a tweetstorm earlier today, noting that the hackers exploited a security vulnerability to breach its warm wallets. The exchange has since started moving funds into its cold wallets to prevent further incidents.

One of Liquid’s tweets read,

Important Notice:
We are sorry to announce that #LiquidGlobal warm wallets were compromised, we are moving assets into the cold wallet.

We are currently investigating and will provide regular updates. In the meantime deposits and withdrawals will be suspended.

— Liquid Global Official (@Liquid_Global) August 19, 2021

The exchange noted that the hackers transferred the stolen funds to four addresses. These are

BTC: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q,

ETH/EWT:  0x5578840aae68682a9779623fa9e8714802b59946,

TRX: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp,

and XRP: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby.

While the exchange has not yet disclosed how much it lost, a report claims that the hackers withdrew 107 Bitcoin (BTC/USD), 9,000,000 TRX, 11,000,000 XRP, and almost $60 million (£43.86 million) worth of Etherium (ETH/USD) and ERC-20 tokens. Liquid has also not disclosed which wallets were affected. However, unconfirmed reports claim the compromised ETH wallet held the deposits of Celcius Network, a crypto yield provider.

Trying to help Liquid Global recover the stolen funds, KuCoin’s CEO Johnny Lyu, said his exchange was aware of the attack and that it had added the hackers’ addresses to its blacklist.

We are aware of the #LiquidGlobal security incident, and the hacker's addresses have been added to the blacklist of #KuCoin. Hope everything is OK. 🙏 https://t.co/IasscGItZH

— Johnny_KuCoin (@lyu_johnny) August 19, 2021 Crypto-related attacks on the rise

This news comes after Liquid suffered another attack on November 13, 2020. Reportedly, the attack involved GoDaddy, a domain hosting provider that managed one of the exchange’s domain names, incorrectly transferring account and domain control to a malicious actor. The hacker proceeded to change the DNS records and took control over several internal mail accounts.

As a result, the attacker got access to document storage, potentially disclosing users’ information. However, the exchange quickly contained the attack, preventing the hacker from stealing customer funds.

Apart from Liquid, there have been several high-profile hacks in the crypto space over the past year. For instance, Poly Network’s suffered a $612 million (£447.33 million) attack on August 10. Reportedly, this attack became the largest crypto-related hack in history. While the attacker has returned most of the stolen funds, approximately $235 million remains in a multisig wallet under shared control with Poly Network. BSV also experienced a 51% attack on August 4 after suffering four other hacks between June 24 and July 9.

The post Liquid Global exchange loses approximately $80M following an attack appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

million liquid approximately global exchange through tweetstorm

million liquid → Результатов: 46


Фото:

UK Investment Firm Aims to Block Ripple From Leveraging Liquid Assets, Jed McCaleb Dumps 28.6 Million XRP

Court documents show that the company, Tetragon Financial Group, has filed a lawsuit against Ripple after the firm was charged by the U.S. Securities and Exchange Commission. The court filing indicates that Tetragon and Ripple allegedly made an agreement, and the SEC case deeming XRP as an unregistered security should allow them to get funds […]

2021-1-21 02:00


Фото:

Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’

Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries. The founder of the Summa project, James Prestwich, explained on Twitter that the emergency 2-of-3 controlled 870 bitcoin “violates Liquid’s security model.

2020-6-29 18:30


Tether (USDt) Surpasses US$100 million on Compound as World’s Most Liquid Stablecoin Drives DeFi Growth

ROAD TOWN, British Virgin Islands, June 19, 2020 — Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and Compound, a decentralized lending market, are spearheading growth in the nascent decentralized finance (DeFi) space as USDT volume on the platform has surged above US$100 million. USDT has grown faster than all rival […]

2020-6-19 16:54


Аналитик назвал биржи с самым высоким уровнем ликвидности для торговых пар с BTC

Аналитик The Block Ларри Чермак в эту среду опубликовал результаты исследования распределения ликвидности по парам с биткоином на различных биржах криптовалют. If we consider 1% depth, Binance has the most liquid pair with combined orders of $6.

2019-11-7 17:25


$77 Million Worth of Bitcoin Locked in Sidechains, Unavailable for Use

Out of the total circulation supply of around 18 million Bitcoin, around 9661 Bitcoins are stuck in different sidechains, which are not lost but cannot be used either. These bitcoins are stuck in primarily 3 major side chains that include Liquid, Binance Chain and Wrapped Bitcoin (WBTC) sidechains. Side Chains are just like sister chains […]

2019-10-18 21:31


Фото:

Celsius has Facilitated $1.2 Billion in Crypto Loans in 10 Months, With Over $200 Million in Deposits

Depositors from more than 100 nations have received interest paid from over $1. 2 billion in loans issued to hedge funds and crypto exchanges. Celsius Network, a top cryptocurrency lending, and borrowing platform has announced its listing on Liquid, a leading crypto exchange focused on bridging the gap between the traditional financial system and the crypto […] The post Celsius has Facilitated $1.

2019-6-3 07:26


Winklevoss Twins Sue Charlie Shrem For Allegedly Stealing 5,000 Bitcoin

The Winklevoss twins have filed a lawsuit against bitcoin investor Charlie Shrem, alleging that Shrem “stole” 5,000 bitcoins from them in 2012. According to a recent report released by the New York Times, Charlie Shrem has made several large purchases over the past year, including multiple real estate properties, luxury cars, powerboats and a $2 million house.

2018-11-3 20:19


Papusha ICO

Papusha is the latest technology to destroy oil refineries residues around the world. Instead of destroying flora and fauna, refineries get gasoline and diesel fuel for selling. PRT ICO produces small-capacity oil refining units to process black oil fuel and produce liquid fuel by using the transonic combustion technology.

2018-7-4 15:01