Trading cryptocurrencies is entirely digital and the industry relies on blockchain technology for secure trading. Despite the difficulty, hackers are putting a lot of effort to steal through online. As crypto trading is the hottest subject in the digital world, hackers have initiated implementing crypto heists.
Recently, the industry witnessed a biggest heist in crypto worth $600 million from Poly Network. The firm promised a job offer to the hacker as an advisor to Poly Network and requested to return the funds. Following that, hackers have now targeted Liquid, a leading Japanese Exchange Platform.
Japanese cryptocurrency exchange Liquid reports that the platform was hit by hackers, who stole nearly $100 million worth in digital-currencies. The company has stated that some of the digital wallets have been “compromised.” Liquid also apologised to the users in a tweet from their official account.
Elliptic Shows $97M In Cryptocurrencies Are Stolen
According to Elliptic, a blockchain analytics firm, the hackers stole approximately $97 million in digital assets from the exchange. Bitcoin and Ethereum are among the cryptocurrencies included, with $45 million in Ethereum tokens in the process of being converted to Ether via DEX such as Uniswap and SushiSwap.
The blog post from Elliptic states:
“This allows the hacker to avoid having these assets frozen, which is something that many Ethereum tokens can do.”
Significantly, Liquid is one of the top 20 exchanges in the world, it operates over 100 countries and millions of users. Furthermore, this is the second crypto hack that has occurred in the last few weeks. As technology advances in any industry, so do the risks associated with that industry. However, the firm is currently investigating and will provide updates.
