Cryptocurrency Q&A
What happened to Japanese cryptocurrency exchange liquid?
What happened to Japanese cryptocurrency exchange liquid?
amelia_martinez_engineer
Wed Jul 03 2024
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7 answers
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I've been following the news regarding Japanese cryptocurrency exchange Liquid quite closely. Could you please elaborate on what happened to them recently? I've heard reports of some significant issues, but the details are still quite murky. Did they suffer a major hack? Were there any regulatory issues? Or was it something else entirely? I'm particularly interested in understanding the impact this has had on their customers and the broader cryptocurrency community. Could you provide any insights into the steps Liquid is taking to mitigate these issues and regain customer trust? Any information you can share would be greatly appreciated.
7 answers
FantasylitElation
Fri Jul 05 2024
Liquid stated that it is taking proactive measures to safeguard the remaining assets by transferring them to a more secure "cold wallet" storage.
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Valentino
Fri Jul 05 2024
A cold wallet is a type of cryptocurrency storage that is not connected to the internet, providing an additional layer of security against potential hacks.
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Valentino
Fri Jul 05 2024
As a result of the security breach, Liquid has temporarily suspended all deposits and withdrawals to ensure the safety of its users' funds.
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Giulia
Fri Jul 05 2024
The Japanese cryptocurrency exchange Liquid fell victim to a significant hack, resulting in a loss of approximately $97 million worth of Ethereum and various digital coins.
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GwanghwamunGuardianAngelWingsBlessing
Fri Jul 05 2024
In a swift response, the company tweeted late Thursday evening, revealing the details of the breach and assuring its customers of their commitment to resolving the issue.
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