- On Sunday, September 6, white hat hackers withdrew from the wallet Liquid Network approximately 4000 BTC worth $320 million.
- They demanded that the vulnerability be fixed, only after that would they return the majority of the bitcoins.
On Sunday, September 6th, the Liquid Network team recognized A security breach resulted in the theft of nearly 4000 BTC, worth $320 million, from the Liquid Federation Bitcoin wallet.
Users who made the transfer left a message to Bitcoin-transactions "c103de…e69a19" reads: "We are white hat hackers, contact us on the blockchain."
ErgoBTC identified a large Bitcoin transaction as "8db751...a7b140." It contained 3996 BTC to the address "bc1qgs...c6wt7p" and was confirmed at Bitcoin network block 965,783 at 14:28:56 UTC on September 6.
In a social media post, the Liquid team wrote that "suspected white hat hackers" had withdrawn the coins, and Blockstream specialists were now attempting to contact them on the blockchain using a signed message.
Please contact Security@blockstream.com," wrote developers at Adam Back's company, which creates and improves infrastructure for the Bitcoin network.
Next, a chain of messages was published in OP_RETURN.
I'll send most of it back to bc1qdlld6antmv4xug242ed83q7k4rqw50cwfns38szx4qu2f4jwaxxsuhwxxr... But please fix the bug first. The network is currently compromised.
"Make sure every node is correct. Then we'll safely transfer the money back once the fix is confirmed," the white hat hackers replied.
As of the evening of September 6, 3998,5 BTC had not been returned, and no further communication has been received from either side.
At this point, this situation looks like not just a test of Liquid's security, but also a test of the level of trust that Bitcoin users place in various centralized protocols.
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