Hackers Take $320 Million From Liquid Network Blockchain
Hackers siphoned away $320 million from the Liquid Network blockchain, the latest in a string of high-profile cryptocurrency thefts. In a post on social platform X Sunday (Sept. 6), the company said a group of “purported white-hat hackers” were behind the incidents. This is a reference to hackers who breach systems to highlight security flaws, […] The post Hackers Take $320 Million From Liquid…
Hackers have stolen $320 million from the Liquid Network blockchain, the latest in a series of significant cryptocurrency heists. The company confirmed the incident was carried out by what they termed "purported white-hat hackers," individuals who breach systems to disclose security vulnerabilities, often seeking a fee to return the stolen funds.
The Liquid Network announced it has halted new transactions and is actively working to resolve the issue. The hackers are engaging with network maintainers through Bitcoin transactions, requesting the money be returned post-verification of the fix. This hack is part of an ongoing trend highlighting cybersecurity concerns within the digital asset sector.
In August, attackers exploited a flaw in Coldcard's firmware, resulting in an estimated loss of $115 million to $130 million. Experts warn that while these events may erode consumer confidence, they underscore the necessity for comprehensive security measures across all layers of digital infrastructure.
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