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A Bitcoin Network Lost $320 Million In A Hack. The Attackers Say They're The Good Guys

Bitcoin Network
International Business Times Fews App News Provider
Fews App Post Time Hace 23h

The $320 million Bitcoin theft occurred through SideSwap, a platform authorized to process withdrawals from Liquid Network, rather than through the theft of a cryptographic key. Unsplash/Ewan Kennedy Hackers withdrew roughly 4,000 Bitcoin worth about $320 million from Liquid Network, draining about 95% of the Bitcoin held in the network's federation wallet and forcing the Bitcoin-linked settlement system to halt new transactions. Liquid said the Bitcoin was taken from a wallet that held about 4,200 BTC and described those responsible as "purported white-hat hackers," a term commonly used for security researchers who identify vulnerabilities rather than exploit them for conventional theft.

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