Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet • Hacker News Board

Re: Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

#21

Post by Incipient » Mon, Sep 07, 2026, 12:31 AM UTC

xyst wrote: post #11

It’s not "hackers". It’s an inside job, and a rug pull.

That's always a possibility, and I'm sure it has happened a lot. I would suspect with the size of liquid it's more likely it was an exploit, but either way I don't think we'll ever know!

Re: Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

#22

Post by georgemcbay » Mon, Sep 07, 2026, 12:35 AM UTC

$320m, not a bad haul.

More than enough to buy yourself a pardon if you get caught.

Re: Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

#23

Post by [deleted] » Mon, Sep 07, 2026, 12:36 AM UTC

[deleted]

Re: Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

#24

Post by greyface- » Mon, Sep 07, 2026, 12:37 AM UTC

skinfaxi wrote: post #3

Why do they say it's white hat hackers?

While moving the funds, the attackers left an OP_RETURN message with the text "we are whitehats. contact us on chain" https://mempool.space/tx/c103de95817b43f2df635ec6f35ff126ca2...

Re: Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

#25

Post by antonvs » Mon, Sep 07, 2026, 12:48 AM UTC

knorker wrote: post #16

fxwin wrote: post #13

Earlier quoted context omitted.

how is it a rug pull? if it's an inside job, doesn't that just make it theft?

What's the difference to you between a rug pull and theft?

A rug pull involves convincing someone to buy something first.

Theft doesn’t have to involve any convincing.

This is a pretty basic distinction. Perhaps you were thinking of “fraud”?

Re: Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

#26

Post by etothepii » Mon, Sep 07, 2026, 12:54 AM UTC

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

Re: Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

#27

Post by TZubiri » Mon, Sep 07, 2026, 12:56 AM UTC

One disadvantage of decentralized money, criminals gain more power. Many such cases

Re: Hackers have withdrawn ~4k BTC (~$320M) from the Liquid Federation wallet

#28

Post by solenoid0937 » Mon, Sep 07, 2026, 1:06 AM UTC

cypherpunks01 wrote: post #17

Seems that an Elements rangeproof cache bug may've gotten exploited. Fix for suspicious issue was committed just last week and attackers could've monitored the public commits and exploited the bug before fix was ever pushed? Sort of self-fulfilling prophecy if true, that's a leading theory anyhow. fix: range proof cache bind to asset and scriptpubkey https://github.com/ElementsProject/elements/commit/c26d719c2...

lmao, PR description says:

> Fixes a number of small issues picked up during LLM scans

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

#29

Post by s1artibartfast » Mon, Sep 07, 2026, 1:09 AM UTC

knorker wrote: post #16

fxwin wrote: post #13

Earlier quoted context omitted.

how is it a rug pull? if it's an inside job, doesn't that just make it theft?

What's the difference to you between a rug pull and theft?

A rug pull means you hype and then sell on the open market without.

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

#30

Post by jeremyjh » Mon, Sep 07, 2026, 1:11 AM UTC

simonw wrote: post #4

skinfaxi wrote: post #3

Why do they say it's white hat hackers?

Presumably to try and reduce the chance of a mass panic among their users.

9 times out of 10 when an exchange or broker is "hacked" its been the operators of the exchange.