$320M Hack Hits Liquid Network Blockchain

A $320 million hack has hit the Liquid Network blockchain, the latest in a string of high-profile cryptocurrency thefts.

The company behind the network said that 'purported white-hat hackers' were behind the incident, referring to hackers who breach systems to highlight security flaws.

Liquid wallets will be impacted, and the company has paused new transactions while it works on resolving the issue.

The hacker is communicating with network maintainers through Bitcoin transactions, saying the money will be returned after the vulnerability is repaired.