Friday, August 14, 2026
HomeEconomyLiquid Cryptocurrency Platform Victim of $100 Million Heist - Markets

Liquid Cryptocurrency Platform Victim of $100 Million Heist – Markets

Published on

The Tokyo-based company said Thursday in a statement that it had “detected unauthorized access to certain cryptocurrency wallets operated by Liquid.”

According to Elliptic, a London-based company that helps detect stolen cryptocurrency, “just over $97 million (€83 million) in cryptocurrency was received in accounts identified by Liquid as belonging to the thief.” In a text posted to its blog, Elliptic said its investigators are “helping Liquid track down stolen funds.”

The attack follows last week’s attack, in which a hacker stole $600 million in cryptocurrency from decentralized finance platform Poly Network, and then gradually returned the funds, claiming that the theft was only to show a security breach.

The questioner specified that he had paused the withdrawal of cryptocurrencies to assess the impact of the attack.

Digital currencies have skyrocketed in popularity in recent years, despite their volatility and concerns about their environmental impact.

Bitcoin, Ethereum and other digital currencies use a technology called a blockchain, which ensures that every transaction is recorded.

Thieves seeking to seize cryptocurrency often transfer funds through multiple accounts at breakneck speed – sometimes in hundreds of thousands of transactions – to look for clues.

However, industry players have improved their ability to identify and block stolen cryptocurrencies. For example, Liquid notes that an amount of Ethereum, equivalent to $16.3 million, has been frozen “thanks to the help of the crypto community and other exchanges.”

Latest articles

Ariana Grande’s New Album Petal Balances Defiance With Vulnerability

Pop Star Faces Renewed Public Scrutiny as Eighth Album Arrives Ariana Grande’s latest album arrives...

Spider-Man: Brand New Day Delivers $927 Million Global Debut, Secures Second-Biggest Opening Weekend Ever

Marvel Studios’ latest Spider-Man film has delivered one of the strongest box office launches...

Ariana Grande to Step Back From Public Appearances After Tour, Citing Ongoing Public Scrutiny

Pop superstar Ariana Grande plans to take a break from public life after wrapping...

Lionel Messi Reflects on Viral Baby Photos With Lamine Yamal Ahead of Historic World Cup Final

The upcoming FIFA World Cup final between Argentina and Spain will feature more than...

More like this

Ariana Grande’s New Album Petal Balances Defiance With Vulnerability

Pop Star Faces Renewed Public Scrutiny as Eighth Album Arrives Ariana Grande’s latest album arrives...

Spider-Man: Brand New Day Delivers $927 Million Global Debut, Secures Second-Biggest Opening Weekend Ever

Marvel Studios’ latest Spider-Man film has delivered one of the strongest box office launches...

Ariana Grande to Step Back From Public Appearances After Tour, Citing Ongoing Public Scrutiny

Pop superstar Ariana Grande plans to take a break from public life after wrapping...