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Hackers drain $320M Bitcoin from Liquid Network, claim white-hat status

By PulseAugur Editorial · [3 sources] ·

Hackers have drained approximately $320 million worth of Bitcoin from the Liquid Network's federation wallet, accounting for about 95% of its total balance. The individuals responsible, who identify as "white hat" hackers, claim they intend to return the funds once a vulnerability they exploited is fixed. Liquid, a Bitcoin sidechain developed by Blockstream, confirmed the incident and has suspended transactions while its security team works to restore services. The exploit reportedly involved the Peg-out Authorization Key associated with SideSwap, a decentralized exchange on the Liquid network. AI

RANK_REASON Major cryptocurrency theft event with unusual circumstances and claims from the perpetrators. [lever_c_demoted from significant: ic=3 ai=0.1]

Read on Mastodon — mastodon.social →

AI-generated summary · Google Gemini · from 3 sources. How we write summaries →

Hackers drain $320M Bitcoin from Liquid Network, claim white-hat status

How we ranked this

Signal score
0 / 100
Composite score across the factors below. Higher = stronger signal that this story matters right now.
Newsworthiness bucket
Research
Major cryptocurrency theft event with unusual circumstances and claims from the perpetrators. [lever_c_demoted from significant: ic=3 ai=0.1]
Source corroboration
3 independent sources
Multiple independent publishers reporting the same story raises confidence that it's real and newsworthy.
Topics
other
Editorial topic classification. Feeds into how the story surfaces on /topic/<slug> hub pages and into the per-entity coverage mix.
AI-industry relevance
Low
Off-topic or adjacent — cluster remains reachable but doesn't surface in AI-industry rankings.
Story freshness
30 days old
Aged out of breaking-news scoring windows; ranking reflects the durable signal from the full source set.

Full methodology in our editorial standards.

COVERAGE [3]

  1. Tom's Hardware TIER_1 English(EN) · Etiido Uko ·

    Hackers drain $320 million in Bitcoin from Liquid Network, emptying roughly 95% of federation wallet — attackers claim they’re the ‘good guys’ and will return funds after the vulnerability is fixed

    Hackers claiming to be white hats drained about $320 million in Bitcoin from Liquid Network’s federation wallet, promising to return the funds after the platform fixes the underlying bug

  2. The Register — AI TIER_1 English(EN) ·

    Hackers drain $320M in Bitcoin from Liquid Network, claim they're the good guys

    Self-described white hats promise to return 'most' of the 4,000 BTC once the vulnerability is fixed

  3. Mastodon — mastodon.social TIER_1 English(EN) · [email protected] ·

    Hackers drain $320M in Bitcoin from Liquid Network, claim they're the good guys Self-described white hats promise to return 'most' of the 4,000 BTC once the vul

    Hackers drain $320M in Bitcoin from Liquid Network, claim they're the good guys Self-described white hats promise to return 'most' of the 4,000 BTC once the vulnerability is fixed https://www. theregister.com/security/2026/ 09/07/hackers-drain-320m-in-bitcoin-from-liquid-network-…

    LINKS theregister.com/…/5294770

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