Japan’s Liquid Global exchange said it has been hacked, and has suspended deposits and withdrawals.
According to a tweet on Thursday, the exchange said its warm wallets were compromised and that it was moving digital assets offline.
While the total amount stolen has yet to be determined, the value taken in bitcoin, ether, ripple, tron, and others could be upward of $90 million, Eddie Wang, senior researcher at OKLink, told CoinDesk.
“We are currently investigating and will provide regular updates,” the exchange said in the tweet. “In the meantime, deposits and withdrawals will be suspended.”
In a later tweet, Liquid Global said it’s working with other exchanges to freeze the funds.
Crypto exchange KuCoin’s CEO, Johnny Lyu, said his platform was aware of the incident and had blacklisted the hacker’s wallet addresses. Other exchanges are likely to follow suit.
So far, it has revealed nine wallet addresses where the hacker is depositing heisted funds.
One of the addresses Liquid Global revealed was still receiving bitcoin at 7:20 UTC