Bitcoin, Ethereum, Tron, XRP Worth $97,000,000 Looted in Massive Crypto Exchange Hack

By Daily Hodl Staff • August 19, 2021 // SCAMS, SCHEMES and HACKS

Japanese cryptocurrency exchange Liquid Global just suffered a massive hack, losing control of tens of millions of dollars in top crypto assets, including Bitcoin (BTC), Ethereum (ETH), Tron (TRX), and XRP.

Blockchain analytics firm Elliptic is tracking the hack and tallying up the numbers. The firm says $97 million in cryptocurrency has been stolen, according to a blog post.

Source: Elliptic (Click image for larger view)

“This includes $45 million in Ethereum tokens, which are currently being converted into Ether using decentralised exchanges (DEXs) such as Uniswap and SushiSwap. This enables the hacker to avoid having these assets frozen – as is possible with many Ethereum tokens.”

After discovering the flash hack, Liquid quickly informed the public on Twitter with a list showing the addresses where the assets were sent and further revised the list two hours later to include Tron and XRP.

“Important Notice Update:

The following assets had been transferred to the hacker’s following addresses:

BTC1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7q

ETH/ERC-20 0x5578840aae68682a9779623fa9e8714802b59946

ETH 0x8762db106b2c2a0bccb3a80d1ed41273552616e8

… We will continue to work with the community to take the appropriate actions.

Revised list:

ETH 0xefb33ccafc98d5fdb27a6f5ff17350ca76bf3b53

ETH 0xca0e7269600d353f70b14ad118a49575455c0f2f

TRXTSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbp

XRP rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby”

In April, Liquid Global chose crypto lending platform Celsius Network as the company’s crypto custodian. Since the hack, Celsius CEO Alex Mashinky told his 117,800 Twitter followers that Celsius’ assets and accounts were safe amid the breach on Liquid.

Liquid isn’t the only Japan-based cryptocurrency exchange to undergo a massive hack.

In 2014, the infamous Tokyo-based crypto exchange Mt. Gox came crashing down after a hacker seized 850,000 BTC from the platform.

More recently, crypto exchange Coincheck was hacked in 2018 when hundreds of millions of dollars in XRP and NEM tokens were stolen.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Bohbeh

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The original article written by the Daily Hodl Staff and posted on DailyHodl.com.

Article reposted on Markethive by Jeffrey Sloe