Bitcoin-based payments and settlement network Liquid Network says about $320 million in bitcoin was withdrawn from its Liquid Federation wallet in a hack reported on Sunday. Liquid Network says roughly 4,000 of the 4,200 bitcoin held in that federation wallet were taken, and it warns that “Liquid wallets will be impacted,” while apologizing for the inconvenience.
Several outlets report additional details about how the withdrawals were carried out and what happened next. Moneyweb says the funds were withdrawn via SideSwap, a settlement platform authorized to handle transfers from the network, and says the federation key was not compromised. SecurityWeek reports that alleged “white-hat” hackers later return about $263 million stolen. PYMNTS and other reports describe the alleged perpetrators as “purported white-hat hackers,” framing the incident as part of a broader security probe.
While all sources agree on the scale of the withdrawal and the involvement of the federation wallet, the outlets differ on the follow-up emphasis—some focus on the initial theft and potential operational impact, while others highlight claims of return of funds and the specific mechanism used for the withdrawals.
