Hackers drain $320M in Bitcoin from Liquid Network, claim they're the good guys
ID: a0811cb8-b346-54ab-b127-cb7327115813
STIX ID: report--a0811cb8-b346-54ab-b127-cb7327115813
Feed Name: The Register (Security)
Hackers claiming to be white-hat actors drained approximately 4,000 BTC (~$320M) from the Liquid Network federation wallet by performing a peg-out via SideSwap; Liquid disabled bridge nodes and asked exchanges to pause L-BTC operations while federation members investigate. The actors embedded a message on-chain asking for nodes to be patched and promised to return most funds after the vulnerability is fixed; the incident highlights risks in Liquid's federated security model rather than Bitcoin's miner-based security.
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