🚨 $320M BTC drained from Liquid Network
~4,000 $BTC (~95% of reserves) pulled from Liquid's Federation wallet. Attacker left message: "We are Whitehats. Contact us on-chain"
Liquid paused the sidechain. But calling yourself a whitehat doesn't make it true.
Key facts:
• Total reserves: ~4,200 $BTC
• Amount moved: ~4,000 $BTC
• Remaining: ~207 $BTC
This is NOT a Bitcoin L1 exploit. It's a sidechain bridge vulnerability.
If they don't return funds soon, this "whitehat" narrative falls apart fast. Federation multisig compromised = massive trust break for sidechains.
Watch how this plays out. Could set precedent for how "responsible disclosure" gets weaponized. 👀
~4,000 $BTC (~95% of reserves) pulled from Liquid's Federation wallet. Attacker left message: "We are Whitehats. Contact us on-chain"
Liquid paused the sidechain. But calling yourself a whitehat doesn't make it true.
Key facts:
• Total reserves: ~4,200 $BTC
• Amount moved: ~4,000 $BTC
• Remaining: ~207 $BTC
This is NOT a Bitcoin L1 exploit. It's a sidechain bridge vulnerability.
If they don't return funds soon, this "whitehat" narrative falls apart fast. Federation multisig compromised = massive trust break for sidechains.
Watch how this plays out. Could set precedent for how "responsible disclosure" gets weaponized. 👀
