Liquid Global Exchange has been hacked and drained of nearly $80 million in several cryptocurrencies. According to a tweet from the exchange, the hacker transferred the funds into BTC, ETH, TRX, and XRP addresses. The tweet also contained the wallet addresses for each asset.
Liquid has not yet confirmed how much funds were stolen from its coffers. However, Cointelegraph reports $80 million, including 11 million XRP, 9 million TRX, 107 BTC, and $60 million worth of ETH and ERC-20 tokens.
Major exchange KuCoin has acknowledged the hack and promised that it would take action. In a tweet, CEO Johnny Lyu said:
“We are aware of the #LiquidGlobal security incident, and the hacker’s addresses have been added to the blacklist of #KuCoin. Hope everything is OK.”
This isn’t the first time hackers have breached Liquid Global Exchange. In November 2020, CEO Mike Kayamori revealed a hack, adding that the exchange had taken action to mitigate the damage. Nonetheless, the breach seemed successful on the part of the hackers as they got access to customers’ personal information.
According to a Liquid Exchange investigation, the hackers accessed the domain and were able to control the account after a mistake by a domain name hosting provider controlling one of their main domains. The hackers then modified DNS records and accessed internal email addresses.
Image Credits: Pixabay
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