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Bitcoin.com

Blockstream Hunts ‘White Hats’ After 4,000 BTC Leaves Liquid

Blockstream Hunts ‘White Hats’ After 4,000 BTC Leaves LiquidWorldPing

The layer two (L2) sidechain known as the Liquid Network paused on Sunday following a so-called white hacker exploiting a bug in Blockstream’s Elements software, according to the X account Sideswap (Blockstream’s atomic-swap marketplace).

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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