80CRYPTO
⚡ Markets: The exploit highlights significant security risks in crypto bridges and sidechains, which are critical infrastructure. While the return of funds mitigated a market panic, the incident damages confidence in the Liquid Network's security model.BTC
Attackers exploited a vulnerability in Blockstream's Liquid Network, a Bitcoin sidechain, to withdraw approximately 4,000 BTC (worth ~$320 million). The attackers, who claim to be 'white-hat' hackers exposing a flaw, have since returned about 3,400 BTC after Blockstream patched the bug, but are retaining nearly 600 BTC.
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