320 million vanished from Liquid Network
The Liquid Network, a prominent Bitcoin sidechain, recently suffered a massive security breach resulting in the theft of $320 million in digital assets. An attacker exploited a software vulnerability to generate unbacked tokens and withdraw roughly 4,000 bitcoins, which represented nearly the entire reserve held in the network's shared vault. Identifying as "white hat" hackers, the perpetrators have engaged in on-chain negotiations, promising to return the funds once Blockstream and its partners fully patch the underlying code. This incident has forced several major exchanges to halt…
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