Liquid Hackers Return $270M in Bitcoin After Swiping $320 Million

WorldPing

Nearly 600 BTC remains outstanding after Blockstream told the actors in an on-chain message that Liquid’s bridge nodes had been patched.

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

Read the full report at Decrypt

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Hackers Drain $320 Million From Bitcoin’s Liquid Network, Keep $47 Million for Themselves in ‘White Hat’ Operation

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Gizmodo

Hackers Drain $320 Million From Bitcoin’s Liquid Network, Keep $47 Million for Themselves in ‘White Hat’ Operation

Hat color is one of several lingering questions.

Brief by WorldPing · Original reporting by Gizmodo

Liquid Hackers Return 3,400 BTC, Keep $47M as Network Stays Frozen

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Bitcoin.com

Liquid Hackers Return 3,400 BTC, Keep $47M as Network Stays Frozen

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.

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Tokens created out of thin air may explain how $320 million in Bitcoin left the Liquid sidechain

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CryptoSlate

Tokens created out of thin air may explain how $320 million in Bitcoin left the Liquid sidechain

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.

Brief by WorldPing · Original reporting by CryptoSlate