Liquid Network Reports $320 Million Loss in Cyberattack
· Technology · Reuters, CoinDesk
The Bitcoin-based Liquid Network confirmed that approximately $320 million in assets were withdrawn during a security breach. The platform, which facilitates large-scale Bitcoin transactions and asset issuance, identified the unauthorized transfer as a direct result of the hack. While the network is investigating the incident, it has not yet provided specific details regarding the identity of the attackers or the exact method used to bypass its security protocols. The company is currently working to address the fallout from the significant loss of funds.
Why it matters
The breach highlights ongoing security vulnerabilities in cryptocurrency infrastructure, directly impacting users and institutions that rely on the Liquid Network for high-value transactions.
Read the original report — Reuters
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