GermanyA security incident occurred on the Bitcoin-associated blockchain network Liquid Network, resulting in the loss of approximately 4,000 Bitcoin (worth around $320 million). The funds were withdrawn from the Liquid Federation wallet through the SideSwap PAK platform, which is authorized to handle such transactions. According to Liquid Network, none of the cryptographic keys involved were compromised, and other assets like USDT, DePix, and RWAs were unaffected. The withdrawal was processed as a standard transaction, with no suspicious elements detected at the time. The incident appears to stem from a software error in Elements, the open-source codebase underlying Liquid Network. In response, Liquid Network has paused its Liquid Sidechain until the issue is resolved.
Bias read (Center): The article provides a factual account of a technical security breach involving a cryptocurrency network, focusing on the event itself rather than taking a stance on broader political issues. It includes quotes from the affected organization and third-party analysis without evident ideological bias.
