Get Custom Quotes, Info & More from Multiple Providers At Once.
August 20, 2021

Japanese Fiat to Crypto Exchange Liquid Announces Hackers Steal Nearly $100 million in Assets

August 20, 2021 - Another week, another crypto exchange hack. Japanese Fiat to Crypto exchange Liquid announced on Twitter on Thursday morning that digital assets in its warm wallets were "compromised" and all assets had been moved into the exchanges cold wallet.

The company confirmed that: A total of approximately 91.35mm USDe of crypto assets were moved out of Liquid wallets by an unauthorized party. Of this amount, 16.13mm USDe of ERC-20 assets have been frozen (disabled for onchain movement) due to the assistance of the crypto community and other exchanges. 69 different crypto assets were misappropriated and sent to other exchanges or DeFi swapping venues. Assets placed in Liquid Earn are not impacted.

Liquid was established in 2014, and the company states that its mission is, "to build a secure and modern-day cryptocurrency ecosystem for traders and consumers to learn, grow, and leverage the benefits of financial freedom that blockchain technology enables." The exchange claims to be "consistently ranked among the top 10 cryptocurrency exchanges globally based on daily traded spot volume with deep BTC/JPY liquidity".

Update August 22 - Liquid has provided a further update ("Incident Report") on Sunday 22, August. The company has advised that it has set up its new MPC infrastructure with, "heightened security, and are now in the process of testing and migrating our assets to the new secure vaults. We expect to restore services early next week." In the meantime Liquid is advising all clients to not deposit any crypto assets until further notice: "To ensure the safety of funds, please do not deposit any crypto assets to your Liquid wallets until further notice".

Require Some Guidance in Finding The Right Provider?

Let One of Our Experts Help!

Use the LiquidityFinder Match Matrix to find the right provider for your electrionic trading business!

Get Started


LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at

Be First To Comment.
Featured News on LiquidityFinder
Latest News on LiquidityFinder

To personalize content, provide a optimal experience, tailor and measure engagement; the browsing, navigating and the continous use of this website means you agree to the Terms of Service, Privacy Policy & Security Policy of this website. Your choices on this website will be applied globally throughout the website.

LiquidityFinder & Our Partners

Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.