Liquid Exchange
In August, the Japanese cryptocurrency exchange Liquid lost a reported $97 million after someone hacked into its systems and targeted its multiparty computation (MPC) system of custody—a supposedly secure cryptographic digital asset mechanism. Blockchain analysts watched as the money was subsequently funneled through a series of wallets and mixers to obscure its trail and ultimately allow the anonymous bandit (or bandits) to make off with the loot. For now, at least.
