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


Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

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.