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Alleged White-Hat Hackers Withdraw 4,000 Bitcoin From Blockstream's Liquid Network Federation Reserves
Alleged White-Hat Hackers Withdraw 4,000 Bitcoin From Blockstream's Liquid Network Federation Reserves
Authored by Juan Galt via BitcoinMagazine.com,
The Liquid Network said Sunday that purported white-hat hackers withdrew about 4,000 bitcoin, worth about $320 million, from the federation wallet that backs L-BTC.
Bridge nodes were disabled, and the sidechain was paused. Other issued assets, including USDT, DePix and RWAs, were unaffected, the official account said on X.
The Liquid Network is a federated sidechain of Bitcoin, founded by Adam Back’s Blockstream. The Liquid chain issues a variety of assets such as LBTC, which...
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