A statement was made that 4 thousand BTC was stolen on Liquid Network

Bitcoin-focused Liquid Network announced that approximately 4 thousand BTC in the federation wallet was stolen. While it was stated that assets worth approximately 320 million dollars were seized by attackers who detected the security vulnerability, new transactions on the network were stopped.

Will he come back?

Before the transfer, there were approximately 4,200 Bitcoins in the federation reserve. Thus, a large part of the reserve left the wallet after a single event. While it was stated that USDT, DePix and some real-world asset tokens on Liquid were not directly affected by the security incident, it was stated that there may be temporary problems in transfers due to the network being stopped. Now all eyes are on determining the technical cause of the incident, the date when the Liquid Network will be operational again, and whether approximately 4 thousand Bitcoins will return to the federation wallet.

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