Blockstream paused the Liquid sidechain after 3,998 BTC left its federation wallet, leaving 197.47 BTC behind. Liquid said no keys were compromised.

Nearly 4,000 BTC reportedly left Liquid’s federation wallet as an onchain message claimed, “we are whitehats.”

Liquid pauses its network after roughly 4,000 BTC worth $320M is withdrawn from the federation wallet in a security incident.