Liquid Hack: What We Know a Few Days After the Hack
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By:loading
SCORECHAIN
Date: August 24th 2021
Published on: Investigation
Tags:
Crypto AML, Hack,
Key takeaways:
On August 19, Liquid, the Japanese crypto-fiat exchange platform announced on its Twitter account1 it suffered a hack and lost over $90 million in BTC, TRX, XRP, ETH, and ERC-20 tokens. According to the announcement, the exchange’s hot wallets were compromised and the Liquid team proceeded to move funds to cold storage.
The exchange also reported several crypto addresses linked to the hack and said it was investigating the funds’ movements. During the investigation process, deposits and withdrawals have been halted on the exchange platform.
The Japanese exchange worked with other crypto platforms to freeze and recover the funds. Kucoin’s CEO announced the exchange has blacklisted the hacker addresses2. Kucoin also suffered a hack in late 2020.
This hack just followed the massive Poly Network hack that took place earlier this month, siphoning more than $600 million; the largest DeFi hack to date. …
By:loading
SCORECHAIN
Date: August 24th 2021
Published on: Investigation
Tags:
Crypto AML, Hack,
Key takeaways:
On August 19, Liquid, the Japanese crypto-fiat exchange platform announced on its Twitter account1 it suffered a hack and lost over $90 million in BTC, TRX, XRP, ETH, and ERC-20 tokens. According to the announcement, the exchange’s hot wallets were compromised and the Liquid team proceeded to move funds to cold storage.
The exchange also reported several crypto addresses linked to the hack and said it was investigating the funds’ movements. During the investigation process, deposits and withdrawals have been halted on the exchange platform.
The Japanese exchange worked with other crypto platforms to freeze and recover the funds. Kucoin’s CEO announced the exchange has blacklisted the hacker addresses2. Kucoin also suffered a hack in late 2020.
This hack just followed the massive Poly Network hack that took place earlier this month, siphoning more than $600 million; the largest DeFi hack to date. …