TechCoinDesk1h ago
Blockstream's Liquid Network halts new transactions
Blockstream's Liquid Network halts new transactions after "purported white-hat hackers" withdrew ~4,000 of the 4,200 bitcoin held in its federation wallet
TL;DRHackers drained nearly all bitcoin from Liquid Network's wallet; network paused transactions.
Why it matters: Exposes security flaws in infrastructure trusted by major crypto exchanges for settlements.
Blockstream's Liquid Network halts new transactions after “purported white-hat hackers” withdrew ~4,000 of the 4,200 bitcoin held in its federation wallet — worth millions of dollars were withdrawn from a settlement network used by cryptocurrency exchanges …
Read full articleSource: CoinDesk · Opens in new tab