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Hacker Steals $97 Million in Cryptocurrency from Liquid Exchange

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:”

•Bitcoin: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q;

•Ethereum/Energy Web Token: 0x5578840aae68682a9779623fa9e8714802b59946;

•TRON: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp;

•Ripple: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby.

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 LLP
National Law Review, Volume XI, Number 239

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