DEGEN WIRE

← THE WIRE // COINDESK.COM // 8H AGO // Crypto

LIQUID NETWORK HALTED — $320M BTC EXPLOIT, HACKERS CLAIM 'WHITE HAT'

Liquid Network—a major Bitcoin settlement layer for exchanges—got drained of $320M in a surprise exploit, though the attackers are claiming white-hat credentials and hinting at a return. The hack freezes operations and puts pressure on exchanges relying on Liquid for custody and trading infrastructure. If the funds don't materialize, this becomes one of cryp

Major security breach with specific dollar loss on widely-used exchange settlement layer; moving markets now.

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Originally headlined: Bitcoin network used by exchanges hit by $320 million exploit. Hackers claim they're the 'good guys'