Liquid Hack
REPORTED LOSS
$97.0M
What happened
Liquid Global reported an August 2021 security incident in which warm wallets were accessed and digital assets were moved out of exchange custody. Elliptic estimated the stolen assets at more than $97 million at the time of its analysis.
Technical Root Cause
The exact vulnerability and initial-access method were not established in the cited sources. The evidence supports a warm-wallet compromise and subsequent on-chain laundering, without confirming a smart-contract exploit or specific key-theft path.
Case & protocol details
Classification
CeFi
Protocol Type
Exploit/Access control
Official Website
www.liquid.com/
Protocol Twitter/X
@Liquid_Global
How it happened
- Liquid detected unauthorized access to wallets used for online operations.
- The exchange moved remaining assets to cold storage and notified partner exchanges.
- Elliptic observed ETH and token swaps through decentralized exchanges, followed by transfers toward Tornado Cash.
Evidence & learning
Attack pattern
Compare incidents →Sources and on-chain records
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