Liquid Network recovered 3,400 BTC after an abnormal withdrawal, but 598.5 BTC remains and L-BTC services are still suspended with no restart date.
Coinspeaker•Daniel Francis8 Sept
The hack exposes vulnerabilities in Bitcoin sidechains, challenging trust in federated models and prompting scrutiny of open-source security.
CryptoBriefing•Editorial Team8 SeptThe incident highlights the risks in federated sidechains, prompting scrutiny of security protocols and trust in decentralized finance systems.
CryptoBriefing•Editorial Team8 Sept
CoinDesk•Omkar Godbole8 Sept
Bitcoin Magazine Liquid Gets 3,400 BTC Back After On-Chain Talks; White Hats Keep 598.5 BTC A self-described white-hat party returned 3,400 BTC to Liquid Network’s federation wallet on Monday after Blockstream said bridge nodes were patched. About 598.5 BTC, near $47 million, remains at the holder address. This post Liquid Gets 3,400 BTC Back After On-Chain Talks; White Hats Keep 598.5 BTC first appeared on Bitcoin Magazine and is written by Juan Galt .
Liquid Network has recovered 3,400 BTC worth about $269.2 million from the self-described white-hat hackers behind a 4,000 BTC withdrawal, although nearly $47 million remains outstanding. Liquid Network has recovered 85% of the withdrawn Bitcoin On-chain data shows that the…
The incident highlights the critical need for robust security measures and transparency in blockchain networks to prevent future exploits.
CryptoBriefing•Vivian Nguyen7 Sept
Self-described white-hat hackers who drained nearly all of Liquid Network’s bitcoin reserves have returned 3,400 BTC worth about $268 million, while keeping roughly 598.5 BTC valued at $47 million. The return marks a significant turn in an incident that began Sunday, Sept. 6, when roughly 4,000 BTC, then worth about $320 million, left the Liquid […]
Bitcoin.com News•Jamie Redman7 Sept
Read the latest update on Liquid Network Pauses After Purported $320M White-Hat Bitcoin Withdrawal.
NewsBTC•NewsBTC Editorial Team7 Sept
Researchers examining the roughly $320 million Liquid Network incident have identified an alleged failure in the software’s transaction-validation cache, offering a more specific explanation for how unbacked tokens could be redeemed for real Bitcoin. Accounts also raise a deployment question. Mononaut said the exploited bug had entered Elements’ master development branch the previous week but […]
CryptoSlate•Liam 'Akiba' Wright7 Sept
Roughly 4,000 BTC, worth about $320M at the time of the hack, left Blockstream’s Liquid Federation wallet on Sunday afternoon.
Protos•Aaron Wise7 Sept
The incident highlights the critical need for robust security measures in blockchain systems to prevent significant financial vulnerabilities.
CryptoBriefing•Editorial Team7 Sept
Purported white-hat hackers have withdrawn approximately 4,000 BTC worth around $320 million from the Liquid Network federation wallet via the SideSwap PAK without compromising keys, prompting exchanges to pause LBTC activity and temporarily disabling the sidechain.
The Daily Hodl•Daily Hodl Staff7 Sept
As the major Bitcoin sidechain Liquid Network has been paused due to an around $320 million hack, the absolute majority of the key players in the network haven’t issued any statements, while L-BTC is now backed by only 4.7% of the required bitcoin, as Blockstream says it’s “safe to return the funds.” In the most […]
Bitcoin.com News•Linas Kmieliauskas7 Sept
The Liquid Network attacker said they would return most of the roughly 4,000 BTC once the software bug affecting the network is patched.
The Block•Brian Danga7 Sept
A massive Bitcoin withdrawal halted bridge activity on the Liquid Network and restricted LBTC liquidity.
AMBCrypto•Muriuki Lazaro7 Sept
The incident highlights the critical need for robust software security in federated sidechains to prevent systemic risks and maintain trust.
CryptoBriefing•Editorial Team7 Sept
Liquid Network confirmed a security incident after purported white-hat hackers withdrew about 4,000 Bitcoin, worth around $320 million, from the Liquid Federation wallet. The withdrawal was executed via the SideSwap PAK (Peg-out Authorisation Key), though Liquid confirmed the key itself was not compromised, nor were any others. The federation wallet
TheNewsCrypto•Sarayu Krishna7 Sept
The purported white-hat hackers behind the $320 million Liquid Network security incident have offered to return "most" of the nearly 4,000 BTC they withdrew, but only after Blockstream fixes the vulnerability that enabled the exploit.
U.Today•Alex Dovbnya7 SeptThe purported white-hat hackers behind the $320 million Liquid Network security incident have offered to return "most" of the nearly 4,000 BTC they withdrew, but only after Blockstream fixes the vulnerability that enabled the exploit.
U.Today•Alex Dovbnya7 Sept