The incident began when the hacker siphoned the funds from a network wallet, prompting an immediate shutdown of services. Following the breach, the perpetrator communicated a clear ultimatum: the stolen assets would be returned only if developers patched the underlying security flaw. By Monday, former Blockstream executive Samson Mow confirmed that the vulnerability had been addressed and a significant portion of the capital—roughly 3,400 bitcoins—had been successfully recovered.
Blockstream Recovers Majority of $340 Million Stolen in Liquid Network Hack
A digital heist involving 4,000 bitcoins has roiled the Liquid Network, as an unidentified actor exploited a system vulnerability to drain $340 million from the platform. The breach, which ranks among this year’s largest cryptocurrency thefts, forced the exchange to suspend all operations while scrambling to secure its architecture.
Approximately 600 bitcoins, valued at $47 million, remain under the control of the hacker. While the firm works to finalize additional security measures, the platform remains offline to prevent further exploitation. According to data from the Rekt leaderboard, this event stands as a major blow to the integrity of settlement exchanges, highlighting the persistent fragility of decentralized infrastructure against sophisticated digital incursions.
Comments (0)
No comments yet. Be the first!