A Bitcoin Network Lost $320 Million In A Hack. The Attackers Say They're The Good Guys

A Bitcoin Network Lost $320 Million In A Hack. The Attackers Say They're The Good Guys

The breach adds to a string of major crypto security incidents that have put exchanges, wallets and blockchain infrastructure under scrutiny.

Bitcoin network used by exchanges hit by $320 million vulnerability; hacker claims to be a "good guy" | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting

Attackers demanded via on-chain messages that the vulnerability be fixed and all nodes patched before returning the funds, but as of publication, Liquid has yet to specify when the network will restart or whether the funds can be returned. Author: Omkar Godbole (CoinDesk) Translated by TechFlow TechFlow Summary: Approximately 4,000 BTC, valued at around $320 […] Thank you for subscribing to our RSS feed!

Hackers drain $320M in Bitcoin from Liquid Network, claim they're the good guys

Self-described white hats promise to return 'most' of the 4,000 BTC once the vulnerability is fixed Read more →

Tokens created out of thin air may explain how $320 million in Bitcoin left the Liquid sidechain

Researchers examining the roughly $320 million Liquid Network incident have identified an alleged failure in the software’s transaction-validation cache, offering a more specific explanation for how unbacked tokens could be redeemed for real Bitcoin. Accounts also raise a deployment question. Mononaut said the exploited bug had entered Elements’ master development branch the previous week but […]