65CRYPTO
⚡ Markets: A major exploit of critical crypto infrastructure raises security concerns about sidechains and wrapped assets. The 'white hat' claim, if true, mitigates the financial loss but still highlights systemic risk. Negative for sentiment around Bitcoin Layer-2 solutions.BTCL-BTC
The Liquid Network, a Bitcoin sidechain used by exchanges, was paused after an attacker withdrew approximately 4,000 BTC, worth around $320 million. The actors, claiming to be 'white-hat' security researchers, have reportedly contacted network operator Blockstream and promised to return most of the funds once a vulnerability is patched.
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