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

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

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