Hackers have stolen $100 million worth of cryptocurrency from Japan’s leading cryptocurrency trading company Liquid.
Cryptocurrency company Liquid announced that some of its digital wallets have been destroyed.
This is the second cryptocurrency heist in recent days. Last week, Poly Network, touted as the icon of digital platforms in the cryptocurrency space, had an estimated $600 million in assets stolen.
The company said on Twitter: “We regret to announce that the company’s warm portfolios have been destroyed, we are now moving our assets into cold portfolios.”
“Hot” or “warm” digital wallets are those that are available online and allow users to access their cryptocurrencies more easily, while “cold” wallets do not connect to the Internet, and are more difficult to access, so they are usually more secure.
Supply chain analyst Elptech said its analyzes showed hackers stole an estimated $97 million in cryptocurrencies, including Bitcoin and Ethereum.
The Japanese company Liquid is tracking the movement of the seized cryptocurrency, and is working with other companies to freeze and recover these assets.
Liquid Corporation was established in 2014 and operates in more than 100 countries and has millions of customers around the world.
According to CoinMarketCap data, Liquid is one of the twenty largest companies active in the field of cryptocurrency by calculating its trading volume today.
Last week, he stole $600 million from Polynetwork after a hacker exploited a vulnerability in its system.
“The amount you have stolen is the largest in the history of decentralized financial operations,” the company said in a message to the hacker.
But after receiving this letter, the hacker by the name of “Mr. White Hat” – or Mr. White Hat – returned nearly $427 million.
Other Japanese companies involved in cryptocurrency have experienced similar thefts.
In 2014, Mt Gox collapsed after losing half a billion dollars in bitcoin, while $530 million was stolen from Coincheck in 2018.
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