Over Rs 720 crore worth of crypto assets stolen in an attack on Liquid cryptocurrency exchange

A new cyberattack targeted crypto wallets of multiple Liquid users to steal a staggering amount of crypto assets in totality. The company has acknowledged the breach and is working to recover the stolen amount.

Liquid, a Japanese cryptocurrency exchange is the latest victim of a cyberattack that siphoned off $97 million (~Rs 720 crore) worth of assets from the platform. As an analysis of the heist indicates, around $32.5 million (~Rs 241 crore) was stolen in Ether, $12.9 million (~Rs 96 crore) in XRP, $4.8 million in (~Rs 36 crore) Bitcoin and the rest in other tokens. Liquid acknowledged the breach in a recent statement. As per the company, its Operations and Technology teams detected “unauthorized access of some of the crypto wallets managed at Liquid." It was later discovered that approximately $91.35 million (~Rs 678 crore) of crypto-assets were stolen from Liquid wallets by “an unauthorized party."