Hackers Withdraw $320 Million in Bitcoin from Liquid Network
Purported white-hat hackers withdrew about 4,000 bitcoin from the Liquid Network federation wallet, prompting the network to pause transactions.
KEY POINTS
- About 4,000 bitcoin were withdrawn from the Liquid Network federation wallet.
- The stolen funds are valued at approximately $320 million.
- The sidechain was paused and bridge nodes were disabled following the incident.
- The hackers claimed to be white-hats and left contact instructions on-chain.
The Liquid Network announced that approximately $320 million in bitcoin was withdrawn from its federation wallet in a security breach. Purported white-hat hackers took about 4,000 bitcoin out of the total 4,200 held in the wallet.
Following the incident, bridge nodes were disabled and the sidechain was paused. Other issued assets, such as USDT, DePix, and RWAs, remained unaffected by the security event.
“we are whitehats. contact us on chain.”
The withdrawal was executed via SideSwap using a peg-out authorization key. The funds were subsequently moved to an address ending in 6gyqjlte along with an on-chain message.
Blockstream's proof of reserves page reported just over 207 bitcoin remaining in the treasury. Communications via OP_RETURN messages and contacts on Signal were later established between the parties.
1 more source below
COMMENTS (0)
No comments yet. Be the first.
RELATED STORIES
EA closes BioWare and cancels next Mass Effect amid 400 layoffs
Electronic Arts shuts down the Canadian studio and ends early development on a new Mass Effect as part of a restructuring affecting about 400 employees.
Russell Brand trial: court hears rape and sexual assault testimony
Comedian Russell Brand denies three rape charges, three sexual assault charges and one indecent assault charge.
Brazilian lawyer moved $5 billion through betting platform, authorities say
Federal Police and Finance Ministry investigate Willer Tomaz de Souza over suspected money laundering tied to Blaze betting platform.
- Emir Sarigul Surrenders and Is Jailed in Money Laundering Probe
- Meta Q3 revenue jumps 26 percent to $64.6 billion as AI spending rises
- Trump says Iran war will end quickly and gasoline prices will fall
- Critical PHP flaws force European government websites offline
- Elon Musk promises one SpaceX share to every child in the United States
This page was compiled with AI assistance from the outlets named above and passed an automated language check before publication. Montegre has no reporters of its own; the byline names the outlets the story was compiled from. Method and editorial standards