Bitcoin
$47,852.42-0.94%
Ethereum
$3,530.24-2.61%
XRP
$1.09-3.10%
Cardano
$2.41-2.41%
Polkadot
$35.97+0.19%
Stellar
$0.329363-2.91%
Dogecoin
$0.251673+2.33%
Chainlink
$29.74-5.21%
Uniswap
$25.75-4.38%
Polygon
$1.37-7.73%
Litecoin
$186.79-3.18%
Bitcoin Cash
$644.33-0.12%
Algorand
$2.03-1.73%
Wrapped Bitcoin
$47,874.93-1.04%
Cosmos
$35.60+9.07%
Filecoin
$83.69-5.83%
The Graph
$0.841652-6.71%
Tron
$0.114619-1.67%
Ethereum Classic
$58.18-2.10%
Aave
$378.02-5.86%
Tezos
$6.54-3.64%
EOS
$5.29+3.17%
NEO
$50.52-3.60%
Monero
$266.40-1.58%
IOTA
$1.53-3.58%
BitTorrent
$0.004020-2.20%
Bitcoin SV
$159.52+0.83%
Waves
$29.92-7.64%
Maker
$2,899.17-6.71%
Dash
$204.94-5.00%
Decred
$148.69+3.41%
Decentraland
$0.839914-3.23%
ICON
$1.96-10.89%
NEM
$0.188208-0.40%
Zcash
$138.09-3.60%
Qtum
$12.86-0.06%
NuCypher
$0.338608-7.30%
Yearn Finance
$34,343.41-5.63%
Bitcoin Gold
$66.84-3.07%
OmiseGO
$8.52-4.59%
Basic Attention Token
$0.771000-2.85%
0x
$1.11-2.91%
Fetch.ai
$0.911321-10.87%
Paxos Standard
$0.999968+1.00%
Ren
$1.01-7.48%
Bancor
$4.18-3.42%
Band Protocol
$9.46-3.22%
Kava.io
$6.35-1.97%
Siacoin
$0.018624-3.07%
Nano
$5.61-4.43%
Loopring
$0.466154-5.35%
Storj
$1.40-2.93%
Civic
$0.567372+6.12%
Lisk
$3.62-3.18%
Numeraire
$44.13-3.70%
Orchid
$0.373424-2.46%
PAX Gold
$1,769.70-1.33%
Augur
$26.36-1.10%
Aragon
$5.95-6.02%
Enzyme
$116.93-7.99%
district0x
$0.176360-7.21%
Kyber Network
$1.93+1.17%
SingularDTV
$0.001268-3.85%
Tether
$1.00-0.02%
USD Coin
$0.999913-0.02%
Dai
$1.00-0.03%

Japan's Liquid Global Exchange Hacked; $90M in Crypto Siphoned Off

While the total amount stolen is yet to be determined, the value taken could be upward of $90 million.

Aug 19, 2021 at 4:31 a.m. UTC
Updated Sep 14, 2021 at 1:42 p.m. UTC

Japan's Liquid Global exchange said it has been hacked, and has suspended deposits and withdrawals.

  • According to a tweet on Thursday, the exchange said its warm wallets were compromised and that it was moving digital assets offline.
  • While the total amount stolen has yet to be determined, the value taken in bitcoin, ether, ripple, tron, and others could be upward of $90 million, Eddie Wang, senior researcher at OKLink, told CoinDesk.
  • "We are currently investigating and will provide regular updates," the exchange said in the tweet. "In the meantime, deposits and withdrawals will be suspended."
  • In a later tweet, Liquid Global said it's working with other exchanges to freeze the funds.
  • Crypto exchange KuCoin's CEO, Johnny Lyu, said his platform was aware of the incident and had blacklisted the hacker's wallet addresses. Other exchanges are likely to follow suit.
  • So far, it has revealed nine wallet addresses where the hacker is depositing heisted funds.
  • One of the addresses Liquid Global revealed was still receiving bitcoin at 7:20 UTC
  • In a blog post on the incident, translated from the Japanese by Google, Liquid Global claimed the hack targeted a multi-party computation (MPC) wallet. "This time, the MPC wallet (used for warehousing / delivery management of cryptographic assets) used by our Singapore subsidiary QUOINE PTE was damaged by hacking." the company said.
  • MPC is an advanced cryptographic technique in which the private key controlling funds is generated collectively by a set of parties, none of whom can see the fragments calculated by the others. Liquid Global's blog post did not explain how this security arrangement was circumvented.
  • Liquid Global is unrelated to the Liquid Network, the sidechain, or parallel system, to Bitcoin created by tech startup Blockstream.

UPDATE (AUG. 19, 7:59 UTC): Adds Liquid Global is working with other exchanges; updates number of destination addresses.

UPDATE (AUG. 19, 8:37 UTC): Updates value taken.

UPDATE (AUG. 19, 13:45 UTC): Adds detail from Liquid Global's explanation of hack.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...