Sidechain Liquid Halts After Alleged White-Hat Group Withdraws $320M in Bitcoin

Liquid paused after purported white hats withdrew about 4,000 BTC worth $320 million, representing roughly 95% of the federation wallet's Bitcoin balance. SideSwap said its authorization key was not compromised, instead pointing to an Elements bug that apparently enabled unbacked L-BTC to be redeemed.

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Source: Crypto Economy

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Category Cryptocurrency

Source Crypto Economy

Published 4 weeks ago

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News ID #14,700

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