Japanese cryptocurrency exchange admits it was hacked
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Answer Japanese cryptocurrency exchange admits it was hacked
Security is the main concern of centralized cryptocurrency exchanges.
Early estimates indicate that some hot wallets belonging to Japanese cryptocurrency exchange Liquid Global have been hacked, with the attackers stealing about $80 million in various cryptocurrencies such as Bitcoin, Ethereum, Ripple…
Authorization and acknowledgment of the intrusion, approved On the same platform, she told Twitter today that her systems had been breached:
Important note:
We are sorry to announce that #L LiquidGlobal The warm wallets have been hacked, and we are moving the assets to the cold wallet.We are currently investigating and will provide regular updates. In the meantime, deposits and withdrawals will be suspended.
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– Liquid Global Official (@Liquid_Global) August 19, 2021
She noted that some of her hot wallets had been hacked and reassured that the team was moving their remaining cryptocurrencies to cold addresses.
Initially, the company presented four wallets and was told that they had been hacked. These wallets hold many cryptocurrencies such as:
Bitcoin, Ethereum, Ripple, Tron, ERC-20 coins and TRC-20 coins.
Subsequently, the platform identified the addresses to which the hackers transferred funds.
Although the company has not yet reported how quickly the hackers were able to convert cryptocurrency, estimates show that the amount lost is estimated to be around $80 million, based on movements in those wallets.
The platform also said that the hackers had already exchanged some cryptocurrency, as they reportedly deposited parts of the stolen Ripple to a different exchange and withdrew bitcoin to these addresses:
- 12PKkwoFkXp6JtN7roWRA2g Website E6nVDds4
- 1JW1tcBXp1vZ6KGEvNSXa.
As of the time of writing this article, the first address contains just over 92 bitcoins, while the second address contains just over 100 bitcoins.
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Liquid has assured that it is working with other trading platforms to freeze and recover stolen funds.
This was supported by the CEO of KuCoin, who confirmed that the platform’s platform had already blacklisted hacker addresses and stolen funds.
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