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