#sideswapsuspendsliquidservices
đš Liquid Network has halted transactions after a massive BTC withdrawal.
Around 4,000 BTC â roughly $320M â were reportedly withdrawn from Liquidâs federation wallet, leaving the network scrambling to assess what happened.
Hereâs what we know so far:
đ Liquid paused new transactions as a precaution
âżAround 4,000 of 4,200 BTC were withdrawn
đ The withdrawals went through SideSwap, an authorized Liquid settlement platform
đ Liquid says the cryptographic key used wasnât compromised
â ïž User wallets may be affected while the investigation continues
The bigger issue isnât just the size of the withdrawal. It raises questions about the security and controls around infrastructure holding large amounts of BTC.
For traders, donât jump to conclusions yet. Recovery, losses and the full cause are still unclear.
Watch the official updates and on-chain activity closely.
$BTC
$CATI
$CFG
#bitcoin #BTC #Crypto #LiquidNetwork #trading
đš Liquid Network has halted transactions after a massive BTC withdrawal.
Around 4,000 BTC â roughly $320M â were reportedly withdrawn from Liquidâs federation wallet, leaving the network scrambling to assess what happened.
Hereâs what we know so far:
đ Liquid paused new transactions as a precaution
âżAround 4,000 of 4,200 BTC were withdrawn
đ The withdrawals went through SideSwap, an authorized Liquid settlement platform
đ Liquid says the cryptographic key used wasnât compromised
â ïž User wallets may be affected while the investigation continues
The bigger issue isnât just the size of the withdrawal. It raises questions about the security and controls around infrastructure holding large amounts of BTC.
For traders, donât jump to conclusions yet. Recovery, losses and the full cause are still unclear.
Watch the official updates and on-chain activity closely.
$BTC
$CATI
$CFG
#bitcoin #BTC #Crypto #LiquidNetwork #trading
