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Liquid Network, the company behind the eponymous Bitcoin sidechain, said that as a result of the hack, attackers withdrew approximately $320 million worth of cryptocurrency from the company’s wallets. According to reports, hackers stole approximately 4,000 Bitcoins from the Liquid Network joint wallet, which at the time contained 4,200 Bitcoins.
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So-called “white hat hackers” are believed to be behind the attacks, often withdrawing funds when a vulnerability is discovered but later returning the funds to collect rewards. In the message, the company also apologized for any inconvenience caused to customers whose wallets were affected by the incident.
It is understood that the hackers withdrew the cryptocurrency through the SideSwap payment platform, which is authorized to conduct online transfers. However, the keys used in the attack were not leaked. The incident disrupted the network and Liquid Network is working to resolve the issue.
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