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Memeburn reports $320M in Bitcoin drained from Liquid Network

Memeburn says the hacker kept $47 million and claimed to be a “white-hat,” or ethical, hacker.

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5 Sources, 20d ago, first seen 20d ago

TLDR

A hacker drained $320 million in Bitcoin from Liquid Network, then offered to give most of it back, Memeburn reports. The outlet says the hacker kept $47 million and claimed white-hat status.

Combined views

10.8K

5 Sources, first seen 20d ago

9 likes5 comments2 saves2 reposts

Combined views

10.8K

5 Sources, first seen 20d ago

9 likes5 comments2 saves2 reposts

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5 Sources

@memeburnSomeone Drained $320 Million in Bitcoin From Liquid Network — Then Offered to Give Most of It Back https://ift.tt/WYD68dZ
@cryptodotnewsJUST IN: Liquid Network resumes block production after a $320 million Bitcoin exploit An attacker withdrew about 4,000 BTC on September 7. The attacker returned 3,400 BTC but kept 598.5 BTC ( worth about $47 million) as a self-determined bounty But while block production has resumed, Peg operations remain suspended.
@Gizmodo'White Hat' Liquid Network Crypto Hackers Are Now Grandstanding and Demanding a 10% Bounty https://gizmodo.com/white-hat-liquid-network-crypto-hackers-are-now-grandstanding-and-demanding-a-10-bounty-2000809413
@CoinGapeMedia🚨 UPDATE: @Blockstream says it will not pay a #ransom for the return of funds stolen from the @Liquid_BTC , calling the theft “a crime, not responsible disclosure” and saying it is “not white-hat activity.”
@CryptoSlateBlockstream rejected the Liquid attacker’s bounty demand after 3,400 BTC was returned. About 600 BTC remains withheld. Adam Back says L-BTC will regain full backing, but funding details and a redemption restart date remain undisclosed. https://cryptoslate.com/blockstream-bets-600-bitcoin-by-rejecting-liquid-hackers-50-million-bounty-demand/
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    5 Sources

    @memeburnSomeone Drained $320 Million in Bitcoin From Liquid Network — Then Offered to Give Most of It Back https://ift.tt/WYD68dZ
    @cryptodotnewsJUST IN: Liquid Network resumes block production after a $320 million Bitcoin exploit An attacker withdrew about 4,000 BTC on September 7. The attacker returned 3,400 BTC but kept 598.5 BTC ( worth about $47 million) as a self-determined bounty But while block production has resumed, Peg operations remain suspended.
    @Gizmodo'White Hat' Liquid Network Crypto Hackers Are Now Grandstanding and Demanding a 10% Bounty https://gizmodo.com/white-hat-liquid-network-crypto-hackers-are-now-grandstanding-and-demanding-a-10-bounty-2000809413
    @CoinGapeMedia🚨 UPDATE: @Blockstream says it will not pay a #ransom for the return of funds stolen from the @Liquid_BTC , calling the theft “a crime, not responsible disclosure” and saying it is “not white-hat activity.”
    @CryptoSlateBlockstream rejected the Liquid attacker’s bounty demand after 3,400 BTC was returned. About 600 BTC remains withheld. Adam Back says L-BTC will regain full backing, but funding details and a redemption restart date remain undisclosed. https://cryptoslate.com/blockstream-bets-600-bitcoin-by-rejecting-liquid-hackers-50-million-bounty-demand/
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