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Liquid Network Pauses After Purported ‘White-Hat’ Hackers Withdraw $320 Million in Bitcoin

Bitcoin sidechain Liquid Network has been paused after roughly 4,000 BTC worth about $320 million was withdrawn from the federation wallet backing its L-BTC token, in an incident that appears to have exploited a vulnerability in the network’s underlying software rather than compromised its cryptographic keys. Liquid confirmed on Sunday that purported “white-hat hackers” had…

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