Liquid Network hack drains about 4,000 BTC, ~$320M impact
Blockstream’s Liquid Network lost approximately 4,000 BTC (about $320 million) after hackers exploited a software bug on September 6. Federation reserves fell from over 4,200 BTC to about 197 BTC.
Blockstream's Liquid Network, one of the oldest and most prominent Bitcoin sidechains, lost approximately 4,000 BTC, worth roughly $320 million, after hackers exploited a bug in its underlying software on September 6. The federation's reserves fell from over 4,200 BTC to about 197 BTC in a single incident.