Crypto
Liquid Network Hacked for $320M in 4,000 Stolen Bitcoins
A significant security breach has been reported on the Liquid Network, which is designed for payments and settlements. Approximately 4,000 Bitcoin were stolen from the network, valued at $320 million.
The incident occurred when a group of hackers, allegedly 'white hats' who help companies identify vulnerabilities in their systems, withdrew the funds through the Sideswap settlement platform. The key used during the operation was not compromised, according to the Liquid Network.
The network has suspended new transactions following the attack and is clarifying the circumstances of the incident.