A hacker stole $340M in a crypto heist, then returned most of it
A hacker exploited a bug to steal about 4,000 BTC (~$340M) from Blockstream's Liquid Network, then returned roughly 3,400 BTC after the bug was fixed.
A hacker exploited a bug to withdraw roughly 4,000 bitcoins worth about $340 million from Liquid Network, a settlement service launched in 2018 by crypto firm Blockstream and used by several cryptocurrency exchanges. Liquid Network paused operations, and the hacker, described as a white hat, offered to return the funds once the bug was fixed. Former Blockstream executive Samson Mow said the bug was fixed and about 3,400 BTC (~$293M) returned, leaving roughly 600 BTC (~$47M) under the hacker's control pending further security improvements. Rekt's leaderboard ranks the heist among the largest cryptocurrency thefts to date.
- ~4,000 BTC (~$340M) stolen from Liquid Network via bug exploitation
- Hacker offered to return funds after the bug was fixed; ~3,400 BTC returned
- ~600 BTC (~$47M) remain under hacker control; operations paused pending fixes
- Ranked among the largest cryptocurrency thefts on Rekt's leaderboard
- Vendors
- BlockstreamLiquid Network
- Products
- Liquid Network
- Victims
- Liquid Network
- Organizations
- BlockstreamLiquid Network
From the original article
1 min read at techcrunch.com
The latest heist is one of the largest thefts of cryptocurrency to date.
By Zack Whittaker · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.