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Liquid Network reports 4,000 bitcoin taken in $320 million security incident

About $320 million was drained from a federation wallet by purported white-hat hackers, according to Slashdot.

The short version

  • Liquid Network disclosed that approximately $320 million was taken from its federation wallet in an apparent hack.[Slashdot]
  • The network stated that self-described white-hat hackers removed about 4,000 of the 4,200 bitcoin stored in the wallet.[Slashdot]
  • Liquid wallets are expected to be affected, while the full operational impact and recovery outlook remain unspecified.[Slashdot]

Key facts

  • Liquid Network stated that roughly $320 million was withdrawn from its federation wallet during a hack.[Slashdot]
  • The platform reported that purported white-hat hackers took approximately 4,000 of the 4,200 bitcoin stored in the wallet.[Slashdot]
  • Liquid Network confirmed that user wallets on the network will be impacted by the incident.[Slashdot]

What remains uncertain

  • Whether the attackers are genuine white-hat hackers or if the stolen bitcoin will be returned has not been confirmed.[Slashdot]
  • The precise nature and scope of the disruption to Liquid wallets remain unspecified.[Slashdot]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.