Liquid Exchange Hacked - $97 Million Stolen

By Elliptic Team

August 19, 2021

The estimated total value of the stolen cryptoassets has been updated to reflect the latest information from Liquid regarding accounts related to the theft.

Japan-based Liquid, a cryptocurrency exchange, has announced that they have suffered a hack and loss of funds:

According to Elliptic's analysis, just over $97 million in cryptoassets have been received by the accounts identified by Liquid as belonging to the thief.

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.

Elliptic has added the addresses associated to the thief to our system, ensuring that our clients will be alerted if they receive any of these funds. Our investigators are also aiding Liquid with tracking the stolen funds.

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