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Liquid Network Halts as Exploit Drains 4,000 BTC Worth $320 Million

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The Story

News Summary

  • Liquid Network halted operations after an exploit drained roughly 4,000 BTC ($320 million) from its federation reserve wallet via a flawed peg-out mechanism.
  • The breach depleted nearly the entire backing behind L-BTC, forcing bridge nodes offline and prompting exchanges to suspend deposits and withdrawals.
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77098.19 +14.30% over the displayed period

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