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Liquid Network suffers $320M hack as 4,000 BTC drained from federation wallet

Crypto Briefing·September 8, 2026·1 min read
Liquid Network suffers $320M hack as 4,000 BTC drained from federation wallet

Liquid Network suffered a $320 million hack, with 4,000 BTC drained from its federation wallet. The incident exposes vulnerabilities in Bitcoin sidechains, challenging trust in federated models. It prompts scrutiny of open-source security and may impact confidence in similar projects.

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