🚨 ALERT IN BITCOIN! Hack hits Liquid Network and drains 95% of its reserves 🚨
A hard blow for Bitcoin’s most popular sidechain! Liquid Network has just paused its operations after a massive exploit in its federated wallet. 💥
Key attack details:
💸 $320M at stake: ~4,000 BTC were withdrawn from the reserve wallet.
🤖 The source: A critical flaw in its Elements software allowed the extraction.
📉 Peg broken: L-BTC lost almost all of its backing! Reserves fell to only 4.7%.
🛡️ White Hats? The perpetrators claim to be white-hat hackers, but the alert is total.
⛔ Massive freeze: The network froze transactions and the CEXs suspended L-BTC deposits and withdrawals.
⚠️ Lesson learned: Even Layer 2 and Bitcoin-linked sidechain solutions face software risks. Protect your assets and stay cautious!
👇 Do you think the attackers will return the funds, or is this another historic loss? Share your opinion in the comments!$BTC #cryptonews #BinanceSquare #trading
A hard blow for Bitcoin’s most popular sidechain! Liquid Network has just paused its operations after a massive exploit in its federated wallet. 💥
Key attack details:
💸 $320M at stake: ~4,000 BTC were withdrawn from the reserve wallet.
🤖 The source: A critical flaw in its Elements software allowed the extraction.
📉 Peg broken: L-BTC lost almost all of its backing! Reserves fell to only 4.7%.
🛡️ White Hats? The perpetrators claim to be white-hat hackers, but the alert is total.
⛔ Massive freeze: The network froze transactions and the CEXs suspended L-BTC deposits and withdrawals.
⚠️ Lesson learned: Even Layer 2 and Bitcoin-linked sidechain solutions face software risks. Protect your assets and stay cautious!
👇 Do you think the attackers will return the funds, or is this another historic loss? Share your opinion in the comments!$BTC #cryptonews #BinanceSquare #trading