Liquid sidechain pauses after reported 4,000 BTC withdrawal
Image: Primary Liquid says purported white-hat hackers withdrew about 4,000 BTC, valued in its statement at roughly $320 million, from the Liquid Federation wallet. The company says the funds left through the SideSwap Peg-out Authorization Key, which it says was not compromised. Exchanges have paused or will pause LBTC deposits and withdrawals, while Liquid has disabled bridge nodes and says no new transactions can be submitted. It says USDT, DePix and other Liquid assets are unaffected.
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