Hackers raided a Japanese crypto exchange and seized up to $74 million in assets, report says
- Liquid, a Japanese
cryptoexchange, said on Twitter that it had been hacked.
- As much as $74 million in crypto assets were stolen, a report said.
- This is the latest in a string of crypto hacks and crimes, which have become more and more common.
"Important Notice: We are sorry to announce that #LiquidGlobal warm wallets were compromised, we are moving assets into the cold wallet. We are currently investigating and will provide regular updates. In the meantime deposits and withdrawals will be suspended," Liquid tweeted.
Liquid confirmed that
Johnny Lyu, the CEO of crypto exchange KuCoin, confirmed it was aware of the hack and KuCoin had frozen the addresses of the hacker.
The Block reported that the hacker had seized assets worth as much as $74 million, after initiating transactions worth around $80 million at the time of the hack.
This is the latest in a series of crypto hacks and other crypto-related crimes that have become more and more common in recent months. Between January and the end of July, crypto assets worth $681 million were involved in thefts, hacks, and fraud, according to intelligence firm CipherTrace.
That figure has almost doubled in the past week alone, as DeFi platform Poly Network was hacked and funds worth over $600 million were stolen in what has been called one of the biggest crypto heists ever. Although the hacker has since returned a portion of the assets, the major hack drew renewed attention to weaknesses in crypto systems and crypto-related theft.
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