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breach watch The Register September 07, 2026

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

Hackers drain $320M in Bitcoin from Liquid Network, claim they're the good guys
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Hackers have drained roughly $320 million in Bitcoin from the federation wallet backing the Liquid Network, while claiming to be the good guys. Liquid, a Bitcoin sidechain developed by Blockstream and used by exchanges and other financial institutions, said in a post on X on Sunday that around 4,000 BTC had been withdrawn from its federation wallet by what it cautiously described as "purported white-hat hackers." The wallet held about 4,200 BTC before the incident, meaning whoever was behind the

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