Japanese cryptocurrency exchange Liquid was hit by a cyber attack, threat actors stole $97 Million worth of crypto-currency assets from the company.

Japan-based cryptocurrency exchange Liquid was hit by a cyber attack that resulted in the theft of $97 Million worth of crypto-currency assets from its warm wallets.

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, 2021Liquid confirmed that crooks stole various crypto-currency assets, including Ethereum, Bitcoin, Stablecoins, Ripple, and other tokens. The company identified the addresses used to receive the stolen funds:

BTC: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q ETH/EWT: 0x5578840aae68682a9779623fa9e8714802b59946 TRX: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp XRP: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4ybyAccording to cryptocurrency security firm Elliptic, over $97 million in cryptoassets have been received by the above wallets.

“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.” reads the analysis published by Elliptic.

“Elliptic has added the addresses associated to the thief to our system, ensuring that our clients will be alerted if they receive any of these funds. Our investigators are also aiding Liquid with tracking the stolen funds.”

In response to the attack, the exchange started moving assets into cold wallets, which are stored offline.

The company is asking users to not deposit crypto-currency assets in their Liquid wallets.

Last week another clamorous attack against cryptocurrency industry made the headlines, a hacker that goes online with the moniker “Mr. White Hat” has stolen $600 million worth of cryptocurrency from Poly Network. The threat actor later decided to return all the stolen assets.

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