liquidnetworkhacked

🚨 $320M in BTC drained from Liquid.

Around 4,000 BTC moved through SideSwap in just 23 minutes.

But this wasn’t a classic private-key theft — the reported issue involved an Elements software bug.

The bigger lesson? Bitcoin’s base layer remained untouched, while the sidechain took the hit.

#Bitcoin #BTC #LiquidNetworkHacked #CryptoPatience

Liquid Network lost almost all of its reserve of $BTC in a single move. An actor identified as a white hat asked that the bug be patched and returned 3.400 of the ~4.000 BTC. They kept about $47 million.

No federation keys were compromised: it was a bug in Elements that allowed L-BTC to be created without real backing. The network remains paused.

Does this reinforce the idea that Bitcoin sidechains need more audits, or does it simply show that the federated model will always have blind spots?

Source: CoinDesk
#LiquidNetworkHacked

💥CONFIRMED💥: Hacker returns 3400 $BTC which hours earlier had stolen from Liquid Network. There are still 598 remaining to be returned for a value of 47 million dollars. Will this be the reward requested by the “white hat”?#LiquidNetworkHacked

Nearly 4,000 $BTC left Liquid Network this weekend. The actors left an on-chain message: “we are whitehats”. Now they are negotiating with Blockstream to get the funds back… but only after the bug is patched on all nodes.

Is this an ethical hack or a reminder that sidechains are still the weak link? Bridge trust is being put to the test once again.

Would you trust an on-chain promise of $320 million?

Source: Decrypt
#LiquidNetworkHacked

#HackersAttack
😳😳😳😳
#LiquidNetworkHacked
The hack of the LiquidNetwork federation for 4000 BTC 😳😳😳😳😳😳😳😳😳
$BTC
as I said earlier, this has been the year of hacks!!!

bitcoin does not care anyway! #LiquidNetworkHacked

🚨 4,000 BTC have vanished… and their value is approaching $320 million!
The infrastructure associated with Liquid Network was hit by a massive withdrawal operation targeting around 4,000 $BTC from the Federation wallet.
What’s interesting is that the perpetrators described themselves as “White Hats,” opening the door to bigger questions:
Was it a real theft?
Or was it an exploitation of a security vulnerability in order to expose it?
And will the funds be returned to their owners?
In the world of crypto, a single vulnerability can turn into losses of hundreds of millions within minutes.
That’s where the importance of security, continuous auditing, and proper private-key management comes in. 🔐
#Bitcoin #LiquidNetworkHacked #CryptoSecurity #blockchain #CryptoNews