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Liquid Network pauses after purported ‘white-hat’ hackers withdraw $320 million in bitcoin

Liquid Network pauses after purported ‘white-hat’ hackers withdraw $320 million in bitcoinWorldPing

The Bitcoin sidechain has been paused, with exchanges suspending LBTC deposits and withdrawals as Blockstream works to contact those responsible.

This is a short WorldPing brief. The full report was published by The Block.

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‘We Are Whitehats’: Nearly 4,000 BTC Drained From Blockstream’s Liquid PegWorldPing
Bitcoin.com

‘We Are Whitehats’: Nearly 4,000 BTC Drained From Blockstream’s Liquid Peg

According to several reports, nearly 4,000 bitcoin worth roughly $319 million appear to have moved out of the Liquid Network’s federation wallet Sunday, followed by an onchain message from an unidentified party claiming, “we are whitehats. contact us on chain.

Brief by WorldPing · Original reporting by Bitcoin.com