Crime & Law · India
Bitcoin-based Liquid Network reports $320 million stolen in hack
The Bitcoin-based Liquid Network reported that approximately $320 million worth of cryptocurrency was withdrawn from its federation wallet in a hack. The incident involved the withdrawal of around 4,000 of the 4,200 Bitcoin held in the Liquid Federation wallet. Liquid Network, which develops a blockchain for faster transactions, stated that the funds were withdrawn by "purported white-hat hackers." The total amount stolen is reported to be $320 million.
How outlets across the spectrum covered it
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- Centre (3): Business Standard, Mint, The Hindu BusinessLine
- International (3): CNBC, Channel News Asia, Reuters