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$320M Bitcoin Heist Puts Liquid Network Security Under Scrutiny

A $320 million Bitcoin heist involving roughly 4,000 BTC has placed Liquid Network’s security model under scrutiny after the attackers claimed they were acting as “white hats.” Liquid paused activity after the withdrawal removed about…

CryptoRank

Publisher

Sep 7, 2026 at 1:44 PM UTC · 1 분 소요

$320M Bitcoin Heist Puts Liquid Network Security Under Scrutiny
Image via CryptoRank

Key Signal

4,000 BTC Bitcoin reportedly lost

Entities

bitcoin

Last Updated

15시간 전

번역 중…
  • Liquid Network lost roughly 4,000 BTC, worth $320M, about 95% of its reserves.
  • Attackers claimed white-hat status, but the 4,000 BTC return remains unconfirmed.
  • The incident highlighted risks tied to sidechain software bugs rather than Bitcoin itself. 

A $320 million Bitcoin heist involving roughly 4,000 BTC has placed Liquid Network’s security model under scrutiny after the attackers claimed they were acting as “white hats.” Liquid paused activity after the withdrawal removed about 95% of the Bitcoin held in its federation wallet.

The attackers later left an on-chain message telling Liquid to “contact us on chain,” but no independent confirmation has established that they acted as ethical hackers rather than thieves.

Liquid, launched by Blockstream in 2018, uses a federation of more than 80 exchanges, infrastructure companies and asset managers. The s…

Read The Full Article $320M Bitcoin Heist Puts Liquid Network Security Under Scrutiny On Coin Edition.

Why this matters

The reported loss and activity pause could disrupt confidence in Liquid-issued assets and in the federation model used to secure Bitcoin on the sidechain. It also signals that software and operational risks around Bitcoin-adjacent infrastructure can create losses even when Bitcoin’s base layer is not compromised.

Follow the Story

  1. Sep 7$320M Bitcoin Heist Puts Liquid Network Security Under Scrutiny
  2. Sep 8Liquid Network gets back 3,400 bitcoin from white-hat hackers; talks underway for the rest
  3. Sep 8ITS launches prediction market on Bitcoin, SpaceX and central bank rates
  4. Sep 8[Analysis] Bitcoin’s Break Above $80,000 Hinges on Fed Rate Policy
  1. Sep 7$320M Bitcoin Heist Puts Liquid Network Security Under Scrutiny
  2. Sep 8Liquid Network gets back 3,400 bitcoin from white-hat hackers; talks underway for the rest
  3. Sep 8ITS launches prediction market on Bitcoin, SpaceX and central bank rates
  4. Sep 8[Analysis] Bitcoin’s Break Above $80,000 Hinges on Fed Rate Policy
#bitcoin#crypto#government-policy

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Originally reported by CryptoRank

NewsLayer coverage based on externally reported material.

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in progressUpdated 한 달 전

SEC Crypto Asset Market Structure Rulemaking

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