Liquid Network halts operations after 320 million USD security withdrawal
Liquid Network temporarily halted operations following a security withdrawal of approximately 4000 BTC, valued at around 320 million USD. The withdrawal was executed by an individual claiming to be a 'white hat' hacker. An investigation revealed that the withdrawal utilized the anchoring withdrawal authorization key, SideSwap PAK, which was not compromised. Other real-world asset (RWA) assets on the sidechain, including USDT, remain unaffected. Currently, deposits and withdrawals of LBTC at major exchanges, as well as new network transactions, are blocked. Operator Blockstream and the federation are attempting to communicate with the hacker through on-chain signed messages while working to resolve the issue and restore network functionality.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Bitcoin Miners Invest $30 Billion in AI

Bittensor Bot Detection Rate Increases from 74.3% to 99.5%

Kraken Files For CFTC-Regulated U.S. Perpetual Futures Product

Ukrgasbank and Four Other Financial Institutions Fined by NBU: Largest Exceeds 30 Million UAH

Australia cancels GetCoins registration over scam complaints

The 2000 UAH Banknote Will Not Affect Inflation or the Hryvnia Exchange Rate

Polymarket - Presidential Election 2027: $128M Bet, Blocked in France

Research Indicates Critical Threshold for Stablecoin Decoupling

Ethereum EIP-8141 proposal faces gas limit issues for privacy transactions

Clarity Law to be voted on September 15, delay until 2030 if not approved

Mortgage Loans for Self-Employed Workers: Requirements and Best Alternatives

Electricity Exports Increased: Sales in August Surpassed Imports Nearly Twice

U.S. 10-Year Treasury Yield at 4.78%, Possibility of Re-entering 5% Mentioned

China Buys Gold at Fastest Pace in 3 Years: What Changes

How Crypto Trading Is Changing With Zero Fees and AI

Strive signals new Bitcoin buy as ASST hits yearly high

Ethereum Proposal EIP-8141 Allows Gas Payments in Tokens

Kravchenko Rejects Resignation and Expresses Willingness to Answer Questions from the Verkhovna Rada

GPT-6 Astra Passes 'Robot Certification' Game with 48 Levels

Solana Advises Traders to Assess Token Risks

Cardano Dijkstra Update Aimed for End of 2026

Solana’s “million-payments-a-second” AI system can leave sellers unpaid even after they deliver

Operation NABU "Carthage": What Business Thinks About the New Corruption Scandal

Bain: Bank Consumer Funds Business Share Expected to Drop to 69% by 2030

Military Personnel in Russia Required to Repay Up to 400,000 Rubles for Contracts

BCRA exchanged lecaps for up to $2 billion in dollar-linked securities

Goldman Sachs Raises Optical Module Market Forecast to $148.5 Billion by 2028

UAE Develops Alternative Energy Export Routes to Address US-Iran Conflict

Ledger CTO Calls for Adherence to Responsible Vulnerability Disclosure Principles










