Liquid Network, a high-speed blockchain platform used by various cryptocurrency trading platforms, has confirmed a significant hacking incident. Approximately 4,000 out of 4,200 Bitcoin, valued at around $320 million, were stolen from its primary Federation storage wallet. The breach raises serious concerns about the safety of digital assets. The network announced the unauthorized withdrawal on X (formerly Twitter), highlighting the vulnerability of even specialized blockchain solutions designed to enhance transaction speeds.
Last week, hackers siphoned $6 million from an asset-lending protocol associated with Crypto.com . The multi-million-dollar extraction comes during an escalating wave of cyberattacks targeting digital asset infrastructure. A security breach concerning Coldcard, a well-liked offline Bitcoin storage device, in August prompted a burst of debate throughout the industry on the best ways to keep digital possessions safe.