On August 19, 2021, Liquid Global, a Japanese cryptocurrency exchange, was hacked, resulting in the theft of $97 million in cryptocurrencies, including Ethereum, Bitcoin, XRP, and TRX. The hack was attributed to the Lazarus Group, a notorious North Korean hacking group. The funds were routed through mixing services, making it difficult to track the stolen cryptocurrencies. The hack was significant not only because of the amount of money stolen but also because of the involvement of the Lazarus Group. The group is known for its sophisticated hacking operations, which have been used to steal millions of dollars in cryptocurrencies. The hack also highlighted the vulnerability of cryptocurrency exchanges to cyber attacks. In the aftermath of the hack, FTX's CEO, Sam Bankman-Fried, loaned $120 million to Liquid to help the company recover from the hack. The incident highlights the interconnectedness of the cryptocurrency space and the risks associated with hacking and cyber attacks. The Lazarus Group's involvement in the hack also raises questions about the role of state-sponsored hacking groups in the cryptocurrency space. As the cryptocurrency space continues to evolve, it is clear that companies must prioritize cybersecurity and regulatory compliance to mitigate the risks associated with hacking and cyber attacks.