20:40 - 7.09.2026

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September 7, Fineko/abc.az. Liquid Network, a sidechain protocol widely used by crypto exchanges for Bitcoin settlements, suffered a major security breach resulting in the unauthorized withdrawal of 4,000 Bitcoins valued at roughly $320 million from its federation wallet.

Key breach details and security context:

• White-Hat Hopes: Platform operators confirmed via social media that nearly 4,000 of the 4,200 BTC held in the compromised wallet were drained, adding that early indicators point to a potential "white-hat" exploit where funds might be returned for a bounty.

• Escalating Crypto Exploits: The breach is the latest in a wave of high-profile security incidents, following a $6 million drain on a Crypto.com-linked lending protocol last week and vulnerability concerns surrounding Coldcard hardware wallets in August.