POPA ReconLiquid Network Paused After $320M in Bitcoin Exits in Purported White-Hat Move
Liquid Network Paused After $320M in Bitcoin Exits in Purported White-Hat Move The Bitcoin sidechain Liquid Network has paused after roughly 4,200 BTC, worth about $320 million, exited in a single coordinated peg-out, with the movers leaving an on-chain message claiming to be white hats. Liquid is secured by a federation of fifteen companies that hold the signing keys, with eleven signatures required before coins can leave the network, so an unauthorized exit of this size points to compromised functionaries or a flaw in that trust model. The transaction carried an OP_RETURN note reading, in…
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