Attack on cryptocurrency: Liquid reports theft of 97 million US dollars


A few days after a cyber attack on PolyNetwork, there was now a second attack on cryptocurrency, this time on the Liquid trading exchange. Approximately £ 73 million was stolen from the Japan-based company.

PolyNetwork was recently targeted by thieves, on August 10th they had coins and tokens from the blockchains Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (MATIC, not related to the PolyNetwork) valued at 611 million US dollars. Dollars captured at the time of the attack.

An analysis by the blockchain analysis company Elliptic has shownthat the company Liquid, founded in 2014, was stolen around 97 million US dollars in cryptocurrencies, including Bitcoin and Ethereum tokens. Liquid announced on Twitter that the so-called warm LiquidGlobal wallets had been compromised – the company did not provide any details on the attackers’ approach. The plan is now to move the assets to the offline wallets.

Warm wallets, i.e. digital purses, offer users the opportunity to access their cryptocurrency online. So-called cold wallets, on the other hand, are usually offline and therefore more difficult to access, which is supposed to make them more secure.

The Japanese cryptocurrency exchange now wants to track the movements of the stolen currency. They also want to work with other exchanges to freeze and regain the assets. further information offers the company’s official blog.


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