Bitcoin network used by exchanges hit by $320 million exploit. Hackers claim they're the 'good guys'

Liquid Network, a settlement layer used by exchanges, halted all transactions after losing $320 million worth of bitcoin in a security exploit.

Purported white-hat hackers withdrew about 4,000 of the 4,200 bitcoin held in Liquid Network’s federation wallet, prompting the Bitcoin sidechain to halt new transactions.
Blockstream attributed the incident to a software bug in Elements rather than compromised keys, with the affected funds moving through the approved SideSwap trading platform.

1 There's an election next month: State of Crypto 1 hour ago
2 Crypto poured years into new products. The next challenge is keeping users 5 hours ago
3 The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking 6 hours ago
4 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 1 day ago
5 Crypto job postings triple to over 1,200 in September, but applications fall 1 day ago
6 Cathie Wood says smart investors need to start watching where AI agents spend money 1 day ago
7 Crypto's Sisyphean struggle 1 day ago
8 BlackRock offers a glimpse of how tokenization may change your investment portfolio 1 day ago
9 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
10 BNY in talks with Kraken parent Payward over infrastructure partnership 2 days ago

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

The original source remains the canonical version for attribution, rights, and later updates.

Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.