$320 Million Stolen in Liquid Network Blockchain Hack

A major hack has shaken confidence in digital-asset security, as $320 million was stolen from Liquid Network's Bitcoin-linked blockchain. The network is used by several crypto exchanges and had roughly 4,000 out of its 4,200 Bitcoins held in the Liquid Federation wallet taken. This significant heist highlights ongoing concerns about the security of cryptocurrency transactions.

Liquid Network claims that the perpetrators are 'purported white-hat hackers' who exploit vulnerabilities to move funds. These hackers often return the stolen assets for a fee, sparking debate about their motives and the nature of their activities.