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Bitcoin sidechain Liquid pauses after purported ‘white hats’ withdraw $320M in BTC

Bitcoin's Liquid sidechain suspended operations after actors claiming to be white-hat hackers withdrew approximately 4,000 BTC worth $320 million from its federation wallet, exploiting a vulnerability in the underlying Elements software. The actors pledged to return the majority of the funds once the security flaw is patched and all network nodes are updated, though the Bitcoin remained inaccessible at the time of reporting.

about 19 hours ago

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