Bitcoin sidechain Liquid pauses after purported ‘white hats’ withdraw $320M in BTC
Bitcoin sidechain Liquid paused operations after actors claiming to be white-hat hackers withdrew about 4,000 Bitcoin worth $320 million from its federation wallet.
Cointelegraph reached out to Liquid Network and Blockstream for comment.
The withdrawn Bitcoin represented roughly 95% of the wallet’s approximately 4,200 BTC balance before the incident. Liquid said other assets issued on the network, including USDT, DePix and real-world assets, were unaffected. The sidechain remained paused while federation members worked to fix the vulnerability.
This is a developing story, and further information will be added as it becomes available.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spain’s crude oil imports in July fell 9.5% year-on-year to 5.3 million tons
The main Brent crude oil futures contract surpasses the $96 per barrel mark.
Crypto prices
More
