Over $80 million worth of digital assets has been far away from the Liquid World alternate. Kucoin has responded by blacklisting the addresses that received stolen funds.
Japanese exchange Liquid has been hacked with about $80 million in digital assets moved off the platform.
The exchange confirmed the security breach in an August 19 tweet, with Liquid revealing the wallet addresses implicated in the breach. The exchange noted that solely its warm wallets have been affected, including that its assets are currently being moved into cold storage.
Withdrawals and deposits have been suspended on Liquid, with the exchange promising to provide regular updates as its investigations unfold.
While Liquid is yet to confirm exactly how much has been taken, the Reporter has recognized that more than 107 BTC, 9,000,000 TRX, 11,000,000 XRP, and almost $60 million worth of ETH and ERC-20 tokens seem to have been taken by the hackers.
There are unconfirmed reports that the Ethereum wallet compromised held deposits from crypto yield provider Celsius Network. In April, Celsius introduced that it had built-in with Liquid to supply the alternate’s clients a compounding return on digital asset purchases.
The announcement noted that Liquid grew to become one of the first fiat-to-cryptocurrency exchanges to assist Celsius’s native CEL token in 2019, stating that the two companies “have continued to grow their partnership” since.
Another exchange, KuCoin, promptly responded to the hack by blacklisting the addresses concerned within the hack, in line with a tweet from the exchange’s CEO, Jonny Lyu.
In November 2018, Liquid suffered a breach that saw its users’ private data uncovered to hackers, possibly together with names, addresses, and passwords.