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Japanese cryptocurrency exchange Liquid was hit by a cyberattack that allowed hackers to steal $97 million worth of digital coins.
Liquid’s digital currency wallets had been “compromised,” allowing hackers to transfer the assets to four different wallets.
The cryptocurrency exchange has since suspended deposits and withdrawals.
Blockchain analytics company Elliptic reported that hackers obtained about $97 million in cryptocurrencies, with $45 million in tokens being converted to ethereum through decentralized exchanges, which are blockchain-based platforms that require no intermediaries like Uniswap and SushiSwap.
The conversions allow hackers to avoid having these assets frozen, as is possible with many Ethereum tokens.
Liquid is among the world’s top 20 crypto exchanges by daily trading volumes, processing over $133 million of transactions in the last 24 hours.
