News and Updates on Information Technology

Japan’s cryptocurrency exchange has been hacked with a reported $74 million including Bitcoin and Ethereum

Exploit: Hacking

Liquid: Cryptocurrency Exchange

cybersecurity news gauge indicating extreme risk

Risk to Business: 1.505 = Extreme

Japanese crypto exchange Liquid was sacked by hackers this week resulting in the theft of a reported $74 million worth of cryptocurrency. The stolen assets include chunks of Bitcoin, Ethereum and others being stolen. The firm said the attack targeted its multiparty computation (MPC) system of custody. Liquid also noted that it is moving assets that were not affected into more secure “cold wallet” storage while suspending deposits and withdrawals.

Customers Impacted: Unknown

How It Could Affect Your Customers’ Business Crypto is the currency of cybercrime, so it’s no surprise that cybercriminals would decide to try to strike it rick by robbing what is essentially a crypto bank.

Source: News Week