Liquid Network says approximately 4,000 BTC were withdrawn by a white hat hacker, leading to the suspension of its sidechain operations.
2026.09.07 09:05:24
According to a post on Liquid Network’s official X account (@Liquid_BTC), an alleged white-hat hacker withdrew roughly 4,000 BTC (worth approximately $320 million) from the Liquid Federation wallet using SideSwap PAK (Peg-out Authorization Key). The project’s official noted that the key itself was not compromised, and the Blockstream team is attempting to contact the hacker via on-chain signed messages. Following the incident, multiple exchanges have suspended or will soon suspend LBTC deposit and withdrawal services; bridge nodes have been temporarily shut down, and the Liquid sidechain is currently suspended, unable to process new transactions. The official stressed that other Liquid assets including USDT, DePix, and RWA are not affected by this event. Federation members are actively working to resolve the issue and restore normal network operations as soon as possible.
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