Japanese Crypto Exchange is Victim of Security Breach

Japanese Crypto Exchange is Victim of Security Breach

Japanese crypto exchange Liquid confirmed today in an announcement that it was a victim of a security breach. This happened on 13th November. The financial damages have been contained, however, reports say that the perps have obtained Know Your Customer Information. This includes the name, password, and email of users.

Mike Kayamori, CEO of Liquid, addressed the users of the exchange and told them of the attack and its nature. He added that users might be experiencing fraudulent emails and/or soliciting attempts, a.k.a phishing.

Liquid was quick to react and was able to prevent further damage dealt to its infrastructure. Furthermore, it performed a review of the attack and the consequences, to better assess the situation.

The exchange, in an official statement to the public, claimed that it has informed undisclosed regulators, who have taken the necessary precautions. Both parties will be working together.

Liquid stressed that the funds of its client base are safe. According to it, there is no immediate threat to accounts held by users. It pointed to its strong password encryption. However, it still recommended that all users change their passwords and credentials as soon as possible.

There is an ongoing investigation. The company confessed that it is still unaware if the KYC documents have been fully breached.

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