Hackers Return $263 Million Stolen From Liquid Network
Hackers drain roughly 4,000 BTC (~$320M) from Liquid Network federation wallet, then return 3,400 BTC with ~598 BTC still outstanding.
Attackers withdrew about 4,000 Bitcoin (roughly $320 million) from the Liquid Network federation wallet, which held approximately 4,200 BTC, via the SideSwap Peg-out Authorization Key without that key being compromised. Blockstream disabled nodes and suspended transactions after disclosing the heist on Sunday. Alleged white-hat hackers returned 3,400 BTC (~$262.6M) on Monday, demanding the underlying bug be patched before releasing the remaining ~598 BTC (~$47M). The network remains paused while fixes and a safe restart are prepared.
- ~4,000 BTC (~$320M) stolen from federation wallet
- SideSwap PAK used for withdrawal, not compromised
- 3,400 BTC returned; ~598 BTC outstanding
- Liquid Network nodes paused during remediation
- Vendors
- Blockstream
- Products
- Liquid NetworkLBTCSideSwap
- Victims
- Liquid Network
- Organizations
- BlockstreamLiquid Network
From the original article
2 min read at securityweek.com
Alleged ‘white-hat’ hackers drained $320 million from Liquid’s federation wallet, demanding a bug fix. The post Hackers Return $263 Million Stolen From Liquid Network appeared first on SecurityWeek.
By Ionut Arghire · securityweek.com
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