Crypto exchange Liquid loses $94m in cyberattack

Cryptocurrency exchange Liquid has lost more than $94 million in a cyberattack according to analysis by blockchain analytics company Elliptic.

The exchange, founded in 2011, operates in 100 countries and had a transaction volume of $133 million during the last 24 hours according to CoinMarketCap data.

Liquid confirmed that it had been compromised, and has suspended deposits and withdrawals for customers, but did not disclose the exact size of the attack.

Elliptic said $45 million of the stolen tokens were converted to cryptocurrency Ethereum via third party decentralised exchanges.


The news comes after decentralised finance platform Poly Network lost $600 million earlier this week in what is thought to have been the largest heist in cryptocurrency history.


The hacker, who calls themself “Mr White Hat”, has returned around $427 million of the stolen digital assets to Poly Network.

    Share Story:

Recent Stories


Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.

Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.