Liquid Network Loses 320M in Hack
Liquid Network announced that approximately 320 million dollars in bitcoin was withdrawn from its federation wallet during a hack. The platform has halted all new transactions while investigating the incident.
Liquid Network suffered a $320 million withdrawal from its federation wallet in an overnight security breach. Attackers drained roughly 4,000 of the 4,200 bitcoin stored in the system. The incident ranks as one of the largest protocol-level breaches involving Bitcoin layer-2 networks to date.
