Liquid Network Announces Final Stages of Recovery Following Massive Hack
Bitcoin Magazine Liquid Network Announces Final Stages of Recovery Following Massive Hack One month after hackers pinched 4,000 bitcoins, the Liquid Network is up and running again. This post Liquid Network Announces Final Stages of Recovery Following Massive Hack first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
The Liquid Network, a Bitcoin sidechain, is in the final stages of recovery one month after hackers stole 4,000 bitcoins, worth hundreds of millions of dollars at current prices. The network is operational again, but the incident highlights security risks in Bitcoin-adjacent infrastructure and the scale of the loss. Traders may weigh this as a confidence hit for sidechain and wrapped-BTC products, though the direct price impact on BTC itself is likely limited.
