Blockstream’s Liquid Network pauses after “4,000” bug exploited to withdraw about 4,000 BTC worth $320 million
Blockstream-developed Bitcoin sidechain Liquid Network has halted operations after a vulnerability labeled “4,000” was exploited. The exploit led to the withdrawal of about 4,000 bitcoin, with losses estimated at roughly $320 million at current market prices. Liquid is designed to offer exchanges and institutions faster, more confidential Bitcoin transfers, and the outage has raised concerns about its security architecture. The team is working on the issue, but has not provided a timeline for a fix or updates on fund recovery.