Bitcoin-based Liquid Network says $320 million withdrawn in hack
On September 6, the Bitcoin-based Liquid Network announced that approximately $320 million was withdrawn from its federation wallet in a hack. White-hat hackers purportedly removed around 4,000 of the 4,200 bitcoins held in the Liquid Federation wallet, according to a statement on X. The Liquid wallets will experience the impact, and Liquid Network expressed regret for the inconvenience.
They have halted new transactions. The funds were taken out using SideSwap, a settlement platform permitted to manage withdrawals from the network. However, the key used in the process remained unbreached, as per Liquid Network. For the latest updates on breaking news and top reads, join the channel on your preferred chat application.
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Also reported by 2 other outlets
- Bitcoin-based Liquid Network says $320 million withdrawn in hack channelnewsasia.com
- Bitcoin-based Liquid Network says $320 million withdrawn in hack investing.com
