BankInfoSecurity.com reported that “A hacker stole $97 million in crypto assets from the Japan-based cryptocurrency exchange Liquid, which announced the breach via Twitter late Wednesday and halted deposits and withdrawals.” The August 19, 2021 report entitled “Hacker Steals $97 Million From Crypto Exchange ‘Liquid’” included these feedback from Liquid that “the hacker transferred funds to the following addresses, among others:”
•Ethereum/Energy Web Token: 0x5578840aae68682a9779623fa9e8714802b59946;
Then in a “follow-up blog post, Liquid” stated:
…it first detected the unauthorized entry early Thursday, native time, and confirmed crypto belongings had been moved out of Liquid wallets.
It notes that $16 million price of Ethereum belongings had been frozen “as a result of help of the crypto neighborhood and different exchanges”.
Obviously all crypto exchanges must be on excessive alert!
© 2021 Foley & Lardner LLPNational Law Review, Volume XI, Number 239