Hackers withdraw $320M in Bitcoin from Liquid Network, later return most funds

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Hackers withdraw $320M in Bitcoin from Liquid Network, later return most funds

⚡ Markets: The incident highlights security risks in Bitcoin sidechains, causing temporary negative sentiment for BTC and related assets. The return of funds mitigated a larger market crisis, but raises questions about the network's security model.BTC

Actors described as 'purported white-hat hackers' exploited a vulnerability to withdraw approximately 4,000 BTC (worth $320 million) from Blockstream's Liquid Network, a Bitcoin sidechain. After Blockstream patched the bug, the hackers returned about 3,400 BTC.

West MSM: noneWest Right 1Financial press 4Google Non-West 12 countries

6 sources across the spectrum

West RightZeroHedge — Hackers Withdraw 320 Million In Bitcoin From Blockstream's Liquid Network Federation Reserves

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

Financial pressCointelegraph — Bitcoin sidechain Liquid pauses after purported ‘white hats’ withdraw $320M in BTC

Google Non-WestGoogle News (Ukraine) — Атака на Liquid Network: викрадено біткойнів на $320 млн

Financial pressThe Block — Liquid Network attacker returns 3,400 BTC after bug fix, retains nearly 600 BTC

Financial pressDecrypt — 'Purported White-Hat Hackers' Withdraw $320M in Bitcoin From Liquid

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