{"id":329024,"date":"2021-08-20T14:10:40","date_gmt":"2021-08-20T11:10:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/hackers-steal-97-mn-from-japanese-crypto-exchange\/"},"modified":"2021-08-20T14:10:40","modified_gmt":"2021-08-20T11:10:40","slug":"hackers-steal-97-mn-from-japanese-crypto-exchange","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/hackers-steal-97-mn-from-japanese-crypto-exchange\/","title":{"rendered":"#Hackers steal $97 mn from Japanese crypto exchange"},"content":{"rendered":"

“#Hackers steal $97 mn from Japanese crypto exchange<\/strong>”<\/p>\n

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\"Thieves
\n Thieves trying to steal cryptocurrencies typically move the funds through many different accounts at dizzying speed\u2014sometimes hundreds of thousands of transactions\u2014in an attempt to cover their tracks.\u00a0.
\n <\/figcaption><\/figure>\n<\/div>\n<\/div>\n

Japanese cryptocurrency exchange Liquid was scrambling Friday to recover stolen assets worth nearly $100 million, in the second such major heist by hackers in recent days.<\/p>\n

The Tokyo-based company said in a statement Thursday that it had “detected unauthorized access of some of the crypto wallets managed at Liquid”.<\/p>\n

Elliptic, a London-based firm which helps track stolen cryptocurrencies, said its analysis found “just over $97 million in cryptoassets have been received by the accounts identified by Liquid as belonging to the thief”.<\/p>\n

“Our investigators are also aiding Liquid with tracking the stolen funds,” Elliptic added in a blog post.<\/p>\n

The heist comes after a hacker stole assets worth $600 million last week from cryptocurrency trading company Poly Network, before gradually giving the money back, claiming they had pulled off the theft to highlight a security flaw. <\/p>\n

Liquid said it had suspended cryptocurrency withdrawals while it assesses the impact of the attack, although trading was continuing.<\/p>\n

Cryptocurrencies have soared in popularity as assets in recent years, despite their volatility and concerns over their environmental impact as trading them requires vast quantities of electricity.<\/p>\n

Bitcoin, Ethereum and other digital currencies use a technology<\/a> called blockchain, which ensures that every transaction is recorded. <\/p>\n

Thieves trying to steal cryptocurrencies typically move the funds through many different accounts at dizzying speed\u2014sometimes hundreds of thousands of transactions\u2014in an attempt to cover their tracks. <\/p>\n

However, industry players have grown better at identifying and blocking stolen coins.<\/p>\n

Liquid said $16.3 million worth of stolen Ethereum had already been frozen “due to the assistance of the crypto community and other exchanges”.\n <\/p>\n\n

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The curious case of the $600 million crypto heist\n <\/p><\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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Citation<\/strong>:
\n Hackers steal $97 mn from Japanese crypto exchange (2021, August 20)
\n retrieved 23 August 2021
\n from https:\/\/techxplore.com\/news<\/a>\/2021-08-hackers-mn-japanese-crypto-exchange.html<\/p>\n

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