Hackers Drain $320 Million From Liquid Network, Then Return Most of It
Crypto exchange network Liquid Network lost $320 million overnight, then got most of it back after the hackers demanded a bug fix instead of a ransom Bitcoin’s Liquid Network, a sidechain built by Blockstream and used by dozens of exchanges to move funds faster and more privately than the main Bitcoin blockchain allows, got drained […]
Pierluigi Paganini
September 08, 2026
Bitcoin’s Liquid Network, a sidechain built by Blockstream and used by dozens of exchanges to move funds faster and more privately than the main Bitcoin blockchain allows, got drained of roughly 4,000 of the 4,200 Bitcoin sitting in its federation wallet on September 6.
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