Liquid Sidechain Pauses After $320 Million Bitcoin Withdrawal
Liquid sidechain pauses after actors withdraw $320M in Bitcoin. Blockstream in contact with the group, who promise a partial return after a patch.
Liquid sidechain pauses after actors withdraw $320M in Bitcoin. Blockstream in contact with the group, who promise a partial return after a patch.
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A massive Bitcoin withdrawal halted bridge activity on the Liquid Network and restricted LBTC liquidity.
SideSwap says bug-created L-BTC passed a valid authorization as bridge nodes paused and reserve reconciliation became the restart test.
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Liquid Network, a Bitcoin layer-2 solution utilized by cryptocurrency exchanges for accelerated transaction settlement, has suspended all network activity following the extraction of approximately $320 million in Bitcoin by actors …
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Harmony Protocol, an Ethereum-compatible Layer 1 blockchain platform, has unveiled plans to terminate its network operations and transition its native ONE token to the Ethereum ecosystem. The Sunday announcement represents …
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Liquid's purported white hats offered to return most of nearly 4,000 BTC after Blockstream patches the bug, but no repayment is confirmed.
Harmony will shut down the blockchain it launched in 2019 and migrate its native token, Harmony (ONE), to Ethereum (ETH) as a new ERC-20 asset.