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Bitcoin-based Liquid Network says $320 million withdrawn in hack

Bitcoin-based Liquid Network says $320 million withdrawn in hack
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Bitcoin-based Liquid Network says $320 million withdrawn in hack Sept 6 : Liquid Network, a Bitcoin-based payments and settlement network, said on Sunday that about $320 million was withdrawn from its federation wallet in a hack. "Purported white-hat hackers" withdrew around 4,000 of the 4,200 bitcoin held in its Liquid Federation wallet, Liquid Network said in a post on X. "Liquid wallets will be impacted, and we're sorry for any inconvenience," Liquid Network said, adding that it has...

Bitcoin-based Liquid Network says $320 million withdrawn in hack Sept 6 : Liquid Network, a Bitcoin-based payments and settlement network, said on Sunday that about $320 million was withdrawn from its federation wallet in a hack. "Purported white-hat hackers" withdrew around 4,000 of the 4,200 bitcoin held in its Liquid Federation wallet, Liquid Network said in a post on X. "Liquid wallets will be impacted, and we're sorry for any inconvenience," Liquid Network said, adding that it has halted new transactions. The funds were withdrawn via SideSwap, a settlement platform permitted to handle withdrawals from the network, though the key used in the process was not compromised, Liquid Network added.
Bitcoin (ORG) Liquid Network (ORG) Liquid Federation (LOCATION) SideSwap (ORG)
Originally published by Channel News Asia Read original →