Liquid Network, a Bitcoin sidechain built and maintained by Blockstream, has temporarily halted its network after purported white-hat hackers took about 4,000 BTC, worth around $320 million, from the Liquid Federation wallet, the project said in a Sept. 6 statement.Blockstream said the withdrawal w…
- Liquid Network has halted operations after white-hat hackers withdrew approximately $320 million in Bitcoin.
- The incident involved the SideSwap PAK and has led to the disabling of bridge nodes and pausing of LBTC deposits/withdrawals, though other assets like USDT and tokenized RWAs are unaffected.
- Blockstream is working with hackers and federation members to restore operations, while Aqua wallet users are experiencing functional impacts.
Topics: Blockchain usage, Risk default, Institutional adoption, Ethereum evm l 1 s, Smart contract vulnerabilities, Banking depository pilots
Tags: #liquidnetwork #blockstream #whitehathackers #bitcoinsidechain #securityincident #tokenizedrealworldassets #lbtc #sideswappak