Bitcoin · Lombard Finance · The Block
In a Sept. 6 post on X, Liquid said Blockstream, the network's technology provider
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◎ Multiple-sources
The withdrawal represented roughly 95% of Liquid's reported bitcoin reserves, which stood at approximately 4,200 BTC before the incident.
Key facts
- Liquid Network said Sunday that purported white-hat hackers withdrew approximately 4,000 bitcoin, worth about $320 million, from its federation wallet, prompting the Bitcoin sidechain to pause
- The withdrawal represented roughly 95% of Liquid's reported bitcoin reserves, which stood at approximately 4,200 BTC before the incident
- According to Liquid, the funds were withdrawn through the SideSwap PAK, or Peg-out Authorization Key
- In a Sept. 6 post on X, Liquid said Blockstream, the network's technology provider, was working to contact the parties responsible through an onchain signed message
Summary
Liquid Network said Sunday that purported white-hat hackers withdrew approximately 4,000 bitcoin, worth about $320 million, from its federation wallet, prompting the Bitcoin sidechain to pause network activity. In a Sept. 6 post on X, Liquid said Blockstream, the network's technology provider, was working to contact the parties responsible through an onchain signed message. "We are aware of a security incident on," the network wrote. According to Liquid, the funds were withdrawn through the SideSwap PAK, or Peg-out Authorization Key.