Hackers drain $320 million in Bitcoin from Liquid Network, emptying roughly 95% of federation wallet — attackers claim they’re the ‘good guys’ and will return funds after the vulnerability is fixed
The story
Hackers claiming to be white hats drained about $320 million in Bitcoin from Liquid Network’s federation wallet, promising to return the funds after the platform fixes the underlying bug
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How other outlets covered this
Compare allAlto found this story at 3 outlets. Same event, different framing — compare the headlines.
- Tom's Hardware Hackers drain $320 million in Bitcoin from Liquid Network, emptying roughly 95% of federation wallet — attackers claim they’re the ‘good guys’ and will return funds after the vulnerability is fixed about 1 hour ago
- ZeroHedgeAlleged White-Hat Hackers Withdraw 4,000 Bitcoin From Blockstream's Liquid Network Federation Reservesabout 17 hours ago
- The RegisterHackers drain $320M in Bitcoin from Liquid Network, claim they're the good guysabout 23 hours ago
How this story developed
Full timelineAlto has tracked this across 3 days of coverage from 3 outlets.
- Hackers drain $320 million in Bitcoin from Liquid Network, emptying roughly 95% of federation wallet — attackers claim they’re the ‘good guys’ and will return funds after the vulnerability is fixed You are here
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The Story At A Glance
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- • Hackers drained $320 million in Bitcoin from the Liquid Network federation wallet.
- • The attackers claim to be white hats who will return funds once vulnerabilities are patched.
- • Approximately 3,400 BTC has been returned while 598.5 BTC remains with the hackers.
Liquid is a Blockstream sidechain used by financial institutions for fast Bitcoin settlements. The breach targeted the reserve wallet backing L-BTC rather than individual user accounts.
Christian Perspective
This event highlights the inherent instability of man-made financial systems that lack a moral foundation. While the hackers claim virtuous intent, true stewardship requires honesty and the protection of property.
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