It’s been 11 days since the so-called white hat hackers siphoned nearly 4,000 BTC from the Liquid Network. Since then, after the return of 3,400 BTC and a whole lot of onchain bickering, L-BTC to BTC peg-outs are still not functional on Liquid, and the hackers still hold 598.50 BTC valued at more than $45 […]
Bitcoin.com News•Jamie Redman7h ago
Over the past week, the crypto community has been hearing about bizarre hacks involving bitcoin-backed tokens, and following the troubles tied to the Liquid Network’s L-BTC and Nomic’s nBTC, Symbiosis’s bitcoin bridge was exploited. Reports say that a hacker minted billions of unbacked syBTC across a set of transactions and managed to cash out around […]
Bitcoin.com News•Jamie Redman13 Sept
In this week’s edition of the weekly recap, a withdrawal of nearly 4,000 BTC forced Liquid Network to suspend transactions before operators began a limited restart. The U.S. CLARITY Act faced fresh doubts ahead of a Sep. 15 Senate vote,…
Is the Liquid Network slowly and steadily recovering from its $320 million hack?
AMBCrypto•Ishika Kumari12 Sept
The exploit highlights critical vulnerabilities in sidechain security, urging immediate audits and reevaluation of cryptographic verification methods.
CryptoBriefing•Editorial Team11 Sept
A group that drained nearly 4,000 BTC from Blockstream’s Liquid Network returned 3,400 BTC, kept about 598.5 BTC, demanded a 10% bounty, and warned L-BTC holders could face a 15% loss. Now Blockstream has answered with an unusually direct ultimatum: It will not pay. The company says taking the bitcoin was theft, not white-hat security […]
Bitcoin.com News•Jamie Redman11 Sept
Blockstream's refusal to pay ransom sets a precedent against rewarding cybercriminals, potentially deterring future exploit attempts in the industry.
CryptoBriefing•Editorial Team11 Sept
Blockstream has drawn a hard line against the hackers behind the recent Liquid Network exploit.
U.Today•Alex Dovbnya11 Sept
The Liquid Network has resumed block generation after the large Bitcoin withdrawal from its system. But users can’t perform transactions or cash out L-BTC at this time. This is because the resumption of block generation represents a cautious attempt to return to normalcy. Especially, after a hack attack that saw
TheNewsCrypto•Lakshya Baskar11 Sept
Blockstream has refused to pay a ransom for roughly 598.5 BTC that remains under the control of the actors behind the Liquid Network exploit after 3,400 BTC was returned earlier this week. Blockstream said in an X post on Sept.…
Liquid Network has resumed block production without processing transactions after a $320 million Bitcoin withdrawal forced the sidechain to halt operations. Liquid Network said in a Thursday update that its functionary nodes were again producing blocks as intended, but the…
Rootstock co-founder Sergio Lerner has called for Bitcoin bridges to adopt mandatory withdrawal delays after about 4,000 BTC left Liquid Network’s federation wallet through an unauthorized peg-out. Sergio Lerner, chief scientist and co-founder of RootstockLabs, told crypto.news that immediate settlement…
The exploit highlights vulnerabilities in federated blockchain models, raising concerns about security and trust in decentralized finance systems.
CryptoBriefing•Editorial Team10 Sept
Liquid restarted block production after deploying emergency software updates, though transactions and peg operations remain suspended as recovery efforts continue.
Cointelegraph•Cointelegraph by Nate Kostar10 Sept
The Liquid team announced that the network has entered the next phase of its controlled resumption after a white-hat hacker took control of nearly 4,000 BTC and later returned 3,400 BTC. Nonetheless, transactions will not be available until the network is confirmed to be stable. Liquid Resumes Operations After Hacking Incident The Liquid network sidechain, […]
Bitcoin.com News•Sergio Goschenko10 Sept
Blockstream’s standoff with the self-described white hats behind the Liquid Network exploit kicked into high gear Wednesday after the group demanded a 10% bug bounty and threatened further losses for holders. White Hats Come Out Swinging With 10% Demand The latest message appeared on the Bitcoin blockchain through OP_RETURN, a feature that lets users attach […]
Bitcoin.com News•Jamie Redman9 Sept
A range-proof cache bug in the Elements codebase let an unknown actor mint unbacked L-BTC, drain 95% of the federation reserve through SideSwap, then negotiate its return on-chain via OP_RETURN messages. The network remains frozen, 598.5 BTC sits in the…
This weekend, Bitcoin.com News reported on the exploit that affected Blockstream’s Liquid Network, as nearly 4,000 BTC was siphoned from the layer-two protocol’s reserves. So far, self-described white hats returned 3,400 BTC and kept 598.49 BTC. Additionally, throughout the whole ordeal, which is still somewhat up in the air, both parties leveraged the Bitcoin blockchain […]
Bitcoin.com News•Jamie Redman8 Sept
Liquid Network recovers most withdrawn Bitcoin as its focus turns toward restoring full LBTC functionality.
AMBCrypto•Muriuki Lazaro8 SeptLiquid Network remains paused after 3,400 BTC was returned, while 598 BTC is still outstanding and security work continues before a restart.
99Bitcoins•Alex Ioannou8 Sept
