According to on-chain analyst PeckShield (@PeckShieldAlert), the Liquid Network was targeted by a white-hat hacker, who transferred approximately 4,000 BTC (around $320 million) from the Liquid Federation wallet to the address bc1ql4mfu6aundtkksxklfajs2h3t9nzcd6gyqjlte, accompanied by an on-chain message: "We are white-hats; please contact us on-chain." Subsequently, the hacker negotiated on-chain with Blockstream and returned 3,400 BTC (approximately $315 million, or 85% of the total), retaining about 598.5 BTC (approximately $47.38 million) as a bug bounty.
White Hat Hacker Returns 3,400 BTC to Liquid Network, Keeps 598.5 BTC as Bounty
TechFlowShare
Summary
Today’s BTC news reports a white-hat hacker who targeted the Liquid Network, transferring approximately 4,000 BTC (around $320 million) from the Liquid Federation wallet to a single address, accompanied by a note: “We are white hats, please contact us on-chain.” Following on-chain negotiations with Blockstream, the hacker returned 3,400 BTC (approximately $315 million, or 85% of the total) and retained 598.5 BTC (about $47.38 million) as a bounty for the discovered vulnerability. This BTC update underscores the ongoing security challenges in the crypto space.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.