TLDR Tech / Crypto
Liquid Network paused after $320M "white-hat" withdrawal
~4,000 BTC was withdrawn from the Bitcoin sidechain's federation wallet by purported white-hat hackers via the SideSwap Peg-out Authorization Key, which Liquid says was not itself compromised. An on-chain message read, "We are whitehats, contact us on chain." Blockstream paused the network, exchanges suspended LBTC deposits/withdrawals, and other Liquid-issued assets were unaffected. No confirmation yet on whether funds will be returned or a restart timeline.
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