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CoinGape reports disputed claims of a 4,000-BTC hack on Liquid Network

CoinGape says purported white-hat hackers want Blockstream to fix bugs before returning the funds, while Ledger’s CTO and others reject the claims.

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18 Sources, 24d ago, first seen 24d ago

TLDR

CoinGape reports that Blockstream’s Liquid Network halted after an alleged hack in which 4,000 BTC was withdrawn. The outlet says purported white-hat hackers want bugs fixed before returning the funds. It also reports that Ledger’s CTO and others reject the claims, drawing a comparison to the Ronin bridge hack.

Combined views

363.7K

18 Sources, first seen 24d ago

3.1K likes164 comments152 saves161 reposts

Combined views

363.7K

18 Sources, first seen 24d ago

3.1K likes164 comments152 saves161 reposts

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Sentiment

Positive——Negative

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18 Sources

@cryptodotnewsJUST IN: Liquid Network’s Federation wallet was drained of 4,000 bitcoin:native, worth more than $320 million The attackers left an on-chain message calling themselves white hats, and Liquid paused the sidechain while Blockstream investigates
@CoinGapeMedia🚨 LIQUID NETWORK HACK? 4,000 $BTC WITHDRAWN Blockstream’s Liquid Network halted after hackers withdrew 4,000 $BTC. Purported white hats want #Blockstream to fix the bugs before returning the funds. Ledger’s CTO and others reject the claims, comparing it to the Ronin bridge hack. ⚠️ 🔗 Know More in the comments.
@ReutersBitcoin-based Liquid Network says $320 million withdrawn in hack https://reut.rs/4gTlNG2 https://reut.rs/4gTlNG2
@CoinDeskNEW: White hat hackers drain 4,000 $BTC from Blockstream's Liquid Network reserve, promising to return funds once a software bug is patched.
@CryptoSlate🔐 SECURITY: Nearly 4,000 BTC left Liquid’s federation through a valid peg-out, with no reported key compromise. The holders say they’re whitehats and will return most of it only after the Elements bug is fixed across the network. https://cryptoslate.com/a-whitehat-hacker-is-holding-320-million-in-drained-bitcoin-until-developers-prove-they-patched-a-fatal-network-flaw/
@GizmodoHackers Drain $320 Million From Bitcoin’s Liquid Network, Keep $47 Million for Themselves in ‘White Hat’ Operation https://gizmodo.com/hackers-drain-320-million-from-bitcoins-liquid-network-keep-47-million-for-themselves-in-white-hat-operation-2000808262
@SiliconANGLEHackers steal $320M in bitcoin from Liquid Network, return most of it after patch https://ift.tt/mC0J4fG
@tomshardwareHackers drain $320 million in Bitcoin from Liquid Network, emptying roughly 95% of federation wallet — attackers claim they’re the ‘good guys’ and will return funds after the vulnerability is fixed https://www.tomshardware.com/tech-industry/cryptocurrency/hackers-drain-usd320-million-in-bitcoin-from-liquid-network-emptying-roughly-95-percent-of-federation-wallet-attackers-claim-theyre-the-good-guys-and-will-return-funds-after-the-vulnerability-is-fixed
@techradarLiquid Network halts transactions after 'nice' hackers withdrew its Bitcoin — but then return it https://www.techradar.com/pro/security/liquid-network-halts-new-transactions-after-nice-guy-hackers-steal-nearly-all-its-bitcoin-but-then-return-most-of-it-after-a-patch-is-issued
@DexertoA hacker stole $340M in Bitcoin by exploiting a bug, then returned most of it after the vulnerability was fixed Around 3,400 of the 4,000 stolen Bitcoin have reportedly been returned
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    18 Sources

    @cryptodotnewsJUST IN: Liquid Network’s Federation wallet was drained of 4,000 bitcoin:native, worth more than $320 million The attackers left an on-chain message calling themselves white hats, and Liquid paused the sidechain while Blockstream investigates
    @CoinGapeMedia🚨 LIQUID NETWORK HACK? 4,000 $BTC WITHDRAWN Blockstream’s Liquid Network halted after hackers withdrew 4,000 $BTC. Purported white hats want #Blockstream to fix the bugs before returning the funds. Ledger’s CTO and others reject the claims, comparing it to the Ronin bridge hack. ⚠️ 🔗 Know More in the comments.
    @ReutersBitcoin-based Liquid Network says $320 million withdrawn in hack https://reut.rs/4gTlNG2 https://reut.rs/4gTlNG2
    @CoinDeskNEW: White hat hackers drain 4,000 $BTC from Blockstream's Liquid Network reserve, promising to return funds once a software bug is patched.
    @CryptoSlate🔐 SECURITY: Nearly 4,000 BTC left Liquid’s federation through a valid peg-out, with no reported key compromise. The holders say they’re whitehats and will return most of it only after the Elements bug is fixed across the network. https://cryptoslate.com/a-whitehat-hacker-is-holding-320-million-in-drained-bitcoin-until-developers-prove-they-patched-a-fatal-network-flaw/
    @GizmodoHackers Drain $320 Million From Bitcoin’s Liquid Network, Keep $47 Million for Themselves in ‘White Hat’ Operation https://gizmodo.com/hackers-drain-320-million-from-bitcoins-liquid-network-keep-47-million-for-themselves-in-white-hat-operation-2000808262
    @SiliconANGLEHackers steal $320M in bitcoin from Liquid Network, return most of it after patch https://ift.tt/mC0J4fG
    @tomshardwareHackers drain $320 million in Bitcoin from Liquid Network, emptying roughly 95% of federation wallet — attackers claim they’re the ‘good guys’ and will return funds after the vulnerability is fixed https://www.tomshardware.com/tech-industry/cryptocurrency/hackers-drain-usd320-million-in-bitcoin-from-liquid-network-emptying-roughly-95-percent-of-federation-wallet-attackers-claim-theyre-the-good-guys-and-will-return-funds-after-the-vulnerability-is-fixed
    @techradarLiquid Network halts transactions after 'nice' hackers withdrew its Bitcoin — but then return it https://www.techradar.com/pro/security/liquid-network-halts-new-transactions-after-nice-guy-hackers-steal-nearly-all-its-bitcoin-but-then-return-most-of-it-after-a-patch-is-issued
    @DexertoA hacker stole $340M in Bitcoin by exploiting a bug, then returned most of it after the vulnerability was fixed Around 3,400 of the 4,000 stolen Bitcoin have reportedly been returned
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