Representatives of the famous Japanese crypto exchange Liquid, believe that the hacking of warm wallets by hackers, which occurred a few days ago and entailed $ 90 million in damage. Made possible by a vulnerability in a new cryptocurrency storage service, MPC (Secure Multilateral Computing).
Liquid stated that the main target of the hackers was a subsidiary of Quoine Pte, located in Singapore. Quoine Pte uses an MPC wallet to store and manage cryptocurrency. Adding about the change in the MPC infrastructure, additional scanning and testing of the security system. In order to ensure maximum safety and the resumption of all services as early as the beginning of the week.
Despite the fact that Liquid managed to freeze ERC-20 tokens, in the amount of approximately $ 17.4 million. The hackers still managed to withdraw about $ 10 million in ETH through the non-custodial mixer Tornado Cash, which allows users to send Ethereum anonymously using smart contracts and zero-knowledge proofs.
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