Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

Post by the_real_cher » Mon, Sep 07, 2026, 1:37 AM UTC

etothepii wrote: post #26

Is there any indications that this and the ColdCard heist could in fact be escaped distilled agents from the huggingface and similar attacks?

Post by kennywinker » Mon, Sep 07, 2026, 1:41 AM UTC

tom_ wrote: post #5

skinfaxi wrote: post #3

Why do they say it's white hat hackers?

Purported white-hat hackers. The implication is that these people are presumably describing themselves as such, but it may not actually be true.

Post by esseph » Mon, Sep 07, 2026, 2:00 AM UTC

Kranar wrote: post #14

cool_dude85 wrote: post #12

Earlier quoted context omitted.

Wasn't this all supposed to be decentralized? How can a foundation choose to unilaterally "pause the sidechain"?

BTC Liquid Network is not decentralized and does not purport to be. It's a federated sidechain, that is... it's a blockchain that runs alongside the Bitcoin blockchain (using a two-way peg that lock real BTC on the Bitcoin blockchain and issues an equivalent amount of Liquid BTC on the Liquid sidechain) but blocks can only be added to the Liquid Network sidechain by some of the handpicked members of the federation.

Post by atian » Mon, Sep 07, 2026, 2:05 AM UTC

Post by cyanydeez » Mon, Sep 07, 2026, 2:21 AM UTC

kennywinker wrote: post #43

tom_ wrote: post #5

Earlier quoted context omitted.

Purported white-hat hackers. The implication is that these people are presumably describing themselves as such, but it may not actually be true.

I can imagine one’s hat changing color when faced with a pot that big…