⚡ Liquid Network Pauses Operations After 4,000 BTC Exploit
Liquid Network has paused operations following a security incident involving an alleged cache vulnerability. The exploit reportedly enabled an attacker to create roughly 4,000 unbacked L-BTC, which were then redeemed for BTC—an amount estimated at around $340 million. The incident underscores the operational and security risks tied to tokenized Bitcoin systems and cross-chain settlement mechanisms.
Binance market context, BTC is trading at $76,976.01, down about 2.4% over the past 24 hours. Its 24-hour range is $76,676.07–$78,938.55.
$BTC
Liquid Network has paused operations following a security incident involving an alleged cache vulnerability. The exploit reportedly enabled an attacker to create roughly 4,000 unbacked L-BTC, which were then redeemed for BTC—an amount estimated at around $340 million. The incident underscores the operational and security risks tied to tokenized Bitcoin systems and cross-chain settlement mechanisms.
Binance market context, BTC is trading at $76,976.01, down about 2.4% over the past 24 hours. Its 24-hour range is $76,676.07–$78,938.55.
$BTC
