#liquidnetworkhacked
liquidnetworkhacked
4,760 views
9 Discussing
Hot
Latest
🚨 $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
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
Hackers returned 3,400 BTC—this might be the most surreal “theft” in the crypto world
Today, there’s a sequel to the news that Liquid Network was hacked and 4,000 BTC were stolen:
The hackers returned 3,400 BTC, leaving about 600 BTC (around $47 million) still unaccounted for.
And they didn’t do it quietly—they returned it through BTC transaction notes to negotiate with the project team.
Once the vulnerability was fixed, they paid the money back—an all-too-perfect “white-hat hacker” script.
Honestly, you can’t even imagine this in traditional finance.
It’s like a bank gets robbed, and the robber calls to say, “Once you’ve fixed the security, I’ll return your money.” That’s not a robber—that’s an auditor.
But that’s exactly what makes crypto so interesting:
Code is law; vulnerabilities are the entry point; paying back depends entirely on conscience.
Back to the market: BTC is still trading around 785,000 yuan, grinding sideways today.
Attention has shifted from “what to do after a theft” to “what happens with CPI the day after tomorrow.”
After all, a $300 million security incident is just a ripple in a market cap of $1.5 trillion.
What can truly move the broader market, though, is still whatever the Fed decides.
My strategy today: mostly stay on the sidelines; don’t bet on direction before the CPI.
If you want to keep up with my real-time trades, click my avatar to enter the chat room—code word: “stay on the sidelines.”
As soon as the CPI data comes out, I’ll interpret it there immediately.
#BinanceSquare #bitcoin #LiquidNetworkHacked #加密市场
Today, there’s a sequel to the news that Liquid Network was hacked and 4,000 BTC were stolen:
The hackers returned 3,400 BTC, leaving about 600 BTC (around $47 million) still unaccounted for.
And they didn’t do it quietly—they returned it through BTC transaction notes to negotiate with the project team.
Once the vulnerability was fixed, they paid the money back—an all-too-perfect “white-hat hacker” script.
Honestly, you can’t even imagine this in traditional finance.
It’s like a bank gets robbed, and the robber calls to say, “Once you’ve fixed the security, I’ll return your money.” That’s not a robber—that’s an auditor.
But that’s exactly what makes crypto so interesting:
Code is law; vulnerabilities are the entry point; paying back depends entirely on conscience.
Back to the market: BTC is still trading around 785,000 yuan, grinding sideways today.
Attention has shifted from “what to do after a theft” to “what happens with CPI the day after tomorrow.”
After all, a $300 million security incident is just a ripple in a market cap of $1.5 trillion.
What can truly move the broader market, though, is still whatever the Fed decides.
My strategy today: mostly stay on the sidelines; don’t bet on direction before the CPI.
If you want to keep up with my real-time trades, click my avatar to enter the chat room—code word: “stay on the sidelines.”
As soon as the CPI data comes out, I’ll interpret it there immediately.
#BinanceSquare #bitcoin #LiquidNetworkHacked #加密市场
Hyzen16:
1
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
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
Kelly Luis WCw8:
ok
💥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
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!!!
😳😳😳😳
#LiquidNetworkHacked
The hack of the LiquidNetwork federation for 4000 BTC 😳😳😳😳😳😳😳😳😳
$BTC
as I said earlier, this has been the year of hacks!!!
🚨 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
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
عنيده بنت اب:
هه
Log in to explore more content