INSUBCONTINENT EXCLUSIVE:
Liquid said it had suspended cryptocurrency withdrawals while it assesses the impact of the attacJapanese cryptocurrency exchange Liquid was
scrambling Friday to recover stolen assets worth nearly $100 million, in the second such major heist by hackers in recent days. The
Tokyo-based company said in a statement Thursday that it had "detected unauthorized access of some of the crypto wallets managed at
Liquid".Elliptic, a London-based firm which helps track stolen cryptocurrencies, said its analysis found "just over $97 million in
cryptoassets have been received by the accounts identified by Liquid as belonging to the thief"."Our investigators are also aiding Liquid
with tracking the stolen funds," Elliptic added in a blog post.The heist comes after a hacker stole assets worth $600 million last week from
cryptocurrency trading company Poly Network, before gradually giving the money back, claiming they had pulled off the theft to highlight a
security flaw. Liquid said it had suspended cryptocurrency withdrawals while it assesses the impact of the attack, although trading was
continuing.Cryptocurrencies have soared in popularity as assets in recent years, despite their volatility and concerns over their
environmental impact as trading them requires vast quantities of electricity.Bitcoin, Ethereum and other digital currencies use a technology
called blockchain, which ensures that every transaction is recorded. Thieves trying to steal cryptocurrencies typically move the funds
through many different accounts at dizzying speed -- sometimes hundreds of thousands of transactions -- in an attempt to cover their
tracks. However, industry players have grown better at identifying and blocking stolen coins
Liquid said $16.3 million worth of stolen Ethereum had already been frozen "due to the assistance of the crypto community and other
