Liquid Global exchange suffers $80m hack

Popular Japanese exchange Liquid Global has been hacked, resulting in the loss of $80m worth of digital assets, according to initial reports.

In an early Tweet today, the platform confirmed that it had been hacked and said that only its warm wallets have been affected, with the rest of the currencies kept in cold storage.

Liquid Global followed the news by announcing it had suspended all deposits and withdrawals while an investigation is ongoing.

The platform is yet to confirm how many tokens were lost in total, but early reports have said that the Ethereum wallet compromised stored Celsius Network assets.

Back in April, Celsius Network integrated with Liquid Global to add value to the overall crypto exchange offer and create a “compound return on digital asset purchases”.

Liquid Global was one of the first to implement Celsius native CEL token back in 2019 with the two companies “continuing to expand their partnership” over the years.

Meanwhile, the news about the hacking incident prompted another leading crypto exchange, KuCoin, to blacklist the addresses that are now suspected of having carried the attack. This is the second time Liquid has been breached by hackers.

Back in November 2018, hackers managed to steal users' personal information, including their passwords, addresses, names and other details.

Liquid has vowed to keep consumers informed and let them know as soon as normal operations can be restored.

In the meantime, cold storage solutions are always best for your crypto. You can also enjoy cryptocurrencies at leading igaming casinos such as Bitcasino, 1xBit and FortuneJack.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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