BREAKING: π¨ Liquid Network has halted all transactions after a security exploit reportedly drained around $320 million worth of Bitcoin.
Liquid is a major Bitcoin settlement network used by exchanges and institutions.
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πΊπΈ SEN. LUMMIS: βIf the Clarity Act doesnβt pass this Congress, the next real opportunity to bring market structure legislation back up is 2030.β
JUST IN: 4,000 Bitcoin worth $320 million withdrawn following Liquid Network hack.
The hacker is now communicating with network maintainers through on-chain Bitcoin transactions & intends to return the $BTC after the vulnerability is fixed.
π¨ ALERT: Liquid Network says ~4,000 BTC ($320M) was withdrawn from its Federation wallet by purported white-hat hackers.
The Liquid sidechain is paused until the issue is resolved.
π¨ Senator Lummis: Failure to Pass CLARITY Act This Congress Could Delay Next Opportunity Until 2030.
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π΄ Around 4,000 BTC worth about $320M was withdrawn from the Liquid Network. The group behind the operation claimed to be βwhite hat hackersβ and invited the team to contact them.
Following the incident, the network temporarily paused operations, while exchanges suspended LBTC deposits and withdrawals.
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β’ Ledger is facing a $500M class-action lawsuit
β’ Notional Finance escrow contract may have been [exploited
]( A crypto investor lost $2.1M after following a link from a ChatGPT
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β’ Kraken announced the launch of its wallet
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