ALERT: Liquid Network reports ~4,000 BTC ($320M) withdrawn from Federation wallet by alleged white-hat hackers; sidechain paused

AI Market Summary

Liquid Network reported an unauthorized withdrawal of ~4,000 BTC from its Federation wallet, describing the actors as purported whitehat hackers, and has paused the sidechain pending resolution. The incident elevates counterparty and infrastructure risk around federated custody models, potentially driving near-term risk-off positioning in Bitcoin-linked products and pressuring liquidity for assets and venues reliant on Liquid for settlement or issuance.

Impact level

● High

Affected assets

BTC/USDT-0.14%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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ALERT: Liquid Network said approximately 4,000 BTC (about $320 million) was withdrawn from its Federation wallet by purported white-hat hackers. The Liquid sidechain has been paused while the issue is being addressed.

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