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Liquid Network Halted Following Massive 4,000 BTC Withdrawal

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The Liquid Network has been temporarily halted due to a significant withdrawal of approximately 4,000 BTC by actors claiming to be 'white-hat' security researchers.

The incident occurred on September 6, when the federation wallet was drained of assets worth around 4,000 BTC.

As a result, exchanges have suspended deposits and withdrawals for LBTC, which represents Bitcoin on the Liquid network.

Bridge nodes have been temporarily disabled, preventing new transactions from being submitted to the network.

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