Hackers steal nearly $100m in Japan crypto heist

Liquid, a leading Japanese cryptocurrency exchange, was hit by hackers estimated to have stolen about $ 100 million (£ 73 million)

The company said some digital wallets were “under threat.”

The second largest cryptocurrency theft in recent days.

Last week, the Poly Network digital token platform was at the center of a $ 600 million robbery.

A Twitter post reads, “We apologize for reporting that #LiquidGlobal hot wallets are under threat, and we are transferring assets to a cold wallet.”

Digital wallets, called “hot” or “hot,” are often online and are designed to make it easier for users to access cryptocurrencies, while “cold” wallets are offline and more difficult to obtain and therefore generally safer.

Blockchain analytics firm Elliptic said its analysis showed that about $ 97 million worth of cryptocurrencies had been acquired, including Bitcoin and Ethereum tokens.

Hackers steal nearly $100m in Japan crypto heist:

Liquid said it monitors the movement of stolen cryptocurrencies and works with other exchanges to freeze and reclaim assets.

Founded in 2014, Liquid operates in more than 100 countries and serves millions of customers worldwide.

According to CoinMarketCap, it is one of the 20 largest cryptocurrency exchanges in the world in terms of daily trading volume.

Last week, $ 600 million was stolen from the Poly Network blockchain site after exploiting a vulnerability in the hacker system.

“The amount of money you’re attacking is one of the largest in decisive [decentralized finance] history,” Poly Network said.

The hacker, who has been working under the name White Hat ever since, recovered about $ 427 million in assets.

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Liquid is not the only Japanese cryptocurrency platform subject to mass robbery.

In 2014, the Tokyo-based MtGox stock market collapsed after the disappearance of nearly half a billion dollars of bitcoin, and Coincheck was hacked in 2018 with a robbery of $ 530 million.

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Credit@ BBC

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