Liquid Network Halted After Massive Hack

The Liquid Network has paused after hackers withdrew an estimated $320 million in Bitcoin. According to reports, the hackers claimed to be 'white-hat' and had been exploiting a vulnerability on the network for some time.

The attack is believed to have occurred between August 1 and August 3, with the hackers using their access to withdraw a large amount of Bitcoin from the network's wallets. The exact figure is not confirmed, but reports suggest it could be as high as $320 million.

The Liquid Network has since paused operations to investigate the incident and prevent further potential attacks. It's unclear at this time what the long-term implications will be for the network or its users.