Hackers Steal $100m From Japanese Cryptocurrency Exchange

Uploaded on 2021-08-30 in TECHNOLOGY--Hackers, FREE TO VIEW, BUSINESS-Services-Financial, TECHNOLOGY-Key Areas-Blockchain

Leading Japanese crypto currency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen, making this the second known major crypto currency theft in August 2021. 

The company announced that some of its digital currency wallets have been compromised."We are sorry to announce that #LiquidGlobal warm wallets were compromised, we are moving assets into the cold wallet," the company said on Twitter. 

The theft comes just a few days after one of the biggest ever crypto currency thefts  in which hackers stole over  $600m in crypto currencies and tokens 

The anonymous hacker, dubbed ‘Mr White Hat’ by the Poly Network team managed to steal $614 million in digital coins.  That hack is considered the largest known theft of crypto currency to date and there seems to be little the Poly Network team can do except request the hacker to return the stolen coins peacefully. After returning a portion of the funds, the hacker is now refusing to cooperate further with the Poly Network.

So-called 'warm' or 'hot' digital wallets are usually based online and designed to allow users to access their crypto currencies more easily, while 'cold' wallets are offline and harder to access and therefore usually more secure. 

Blockchain analytics firm Elliptic said its analysis showed that around $97m in crypto currencies had been taken, with Bitcoin and Ethereum tokens amongst the haul.

Liquid has said that it was tracing the movement of the stolen crypto currencies and working with other exchanges to freeze and recover the assets.

Liquid operates in over 100 countries and serves millions of customers around the world and is is one of the world's top 20 biggest crypto currency exchanges by daily trading volumes. Liquid is not the only Japanese crypto currency platform to be hit by a major theft. In 2014, Tokyo-based exchange MtGox was taken down when almost half a billion dollars of bitcoin was taken.

Business Insider:      FBCNews:   DigitFYI:     LatestLY:       Dhaka Tribune:       Zee5:       BBC: 

You Might Also Read:

Standing On The Cryptocurrency Frontier:

 

« Urgent Action By Microsoft To Protect Cloud Users
China Has A 3-Year Plan For Cyber Security »

CyberSecurity Jobsite
Perimeter 81
Cyrin

Real Attacks. Real Tools. Real Scenarios.
Schedule a demo

Go Cyber

Training that transforms behaviours

Sign Up: Cyber Security Intelligence Newsletter

Directory of Suppliers

CSI Consulting Services

CSI Consulting Services

Get Advice From The Experts: * Training * Penetration Testing * Data Governance * GDPR Compliance. Connecting you to the best in the business.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

ZenGRC

ZenGRC

ZenGRC - the first, easy-to-use, enterprise-grade information security solution for compliance and risk management - offers businesses efficient control tracking, testing, and enforcement.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

mile2

mile2

Mile2 develop and deliver proprietary vendor neutral professional certifications for the cyber security industry.

Rollbar

Rollbar

Rollbar is a full-stack error monitoring platform for web and mobile applications. We help developers find and fix bugs fast. Built by developers for developers.

Infoblox

Infoblox

Infoblox solutions help businesses automate complex network control functions to reduce costs, increase security and maximize uptime.

CryptoTec

CryptoTec

CryptoTec is a provider of security concepts and encryption solutions for secure communication between decentralized computerized systems.

Corvus Insurance

Corvus Insurance

Corvus' mission is to create a safer, more productive world through technology-enabled commercial insurance.

Energia Ventures

Energia Ventures

Energia Ventures is a three-month intensive accelerator for entrepreneurs with an innovative business in the energy, smart grid, cleantech, and cybersecurity sectors.

C5 Capital

C5 Capital

C5 Capital is a specialist investment firm that exclusively invests in the secure data ecosystem including cybersecurity, cloud infrastructure, data analytics and space.

Connectria

Connectria

Connectria provides cloud hosting, remote monitoring, and compliant cloud security solutions and services to enterprises, medium and small businesses.

Cyber Command - Romania

Cyber Command - Romania

Cyber Command represents the military authority responsible for the development, protection and resilience of military IT networks and services that support the Romanian Force Structure.

StrataCore

StrataCore

StrataCore is a single-source technology lifecycle advocate that works behind IT teams as a strategic partner to help them achieve peak enterprise outcomes.

Imageware

Imageware

Imageware is a leader in biometric cybersecurity. Protect against costly, damaging ransomware hacks by employing biometric cybersecurity solutions.

BrainStorm

BrainStorm

BrainStorm Threat Defense takes a new human-focused approach to security awareness that traditional training lacks. It’s a cutting-edge platform to make your users more security savvy.

Execweb

Execweb

Execweb are a cybersecurity executive network, comprised of 400+ security practitioners who work at Fortune 500 and SME companies.

Vaultinum

Vaultinum

Vaultinum are a trusted independent third party specialized in the protection and audit of digital assets.

Spera Security

Spera Security

Spera helps identity security professionals effectively and confidently measure, prioritize and reduce identity risk to better protect the organization from identity-based attacks.

Ofcom

Ofcom

Ofcom is the UK's communications regulator. We regulate the TV, radio and video on demand sectors, fixed line telecoms, mobiles, postal services, plus the airwaves over which wireless devices operate.