Liquid Network pauses after purported 'white-hat' hackers withdraw $320 million in bitcoin

Liquid Network Pauses After $320M Bitcoin Withdrawal

Liquid Network paused after actors withdrew 4,000 BTC ($320M—95% of federation wallet); white hats pledge return upon vulnerability patching. Tech managers face sidechain architecture exposure: recovery depends on white-hat trust and patch velocity, impacting exchange operations and bridge security model.