Attackers Leave On-chain Message After $320 Million Exits Liquid Network
Someone pulled $319 million in Bitcoin (BTC) out of Blockstream’s Liquid community on Sunday. It price 21 cents in charges. Then they left a notice on the blockchain saying they had been the great guys.
While the web calls it a heist, the chain says one thing stranger. Liquid’s remaining cash are nonetheless totally coated, all the way down to the fourth decimal place.
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$320M Crypto Reserve Moves, But the Wallet Left a Strange Message
The first transfer cleared at 14:06 UTC, releasing 3,996 cash to an deal with no one had ever used earlier than. That was 95% of every part the community held.
Four hours later the cash moved once more. The sender paid 269 satoshis, about 21 cents, and connected a message anybody can learn.
Then they despatched 0.00001 again to Liquid’s personal deal with. The different 3,998.49 cash haven’t moved since.
“It seems to be like ~4,000 BTC simply moved from the Liquid Network bridge with an OP Return saying, “we’re whitehats. contact us on chain”,” one person noted.
The Part Everyone Missed
Liquid runs on one rule: To take cash out, you destroy the matching tokens contained in the community first. So when the reserve shrank, the tokens it backs shrank with it. Both landed in practically the identical spot.
The peg holds, with 0.22 cash to spare. Nobody nonetheless holding L-BTC is brief a satoshi. That kills the insolvency story. However, it leaves a worse one. Add what left to what stays, and the community held about 4,193 cash on Saturday. Nearly all of them had been burned to make this transfer work.
Blockstream is obvious about who can try this. Only a federation member can burn the tokens. Fifteen corporations maintain the keys, and 11 should signal earlier than cash depart.
Its documentation calls the vacation spot listing a safeguard.
Whitelisted addresses are used as a failsafe to make sure that the federation at all times stays in full management of the BTC held by the Liquid Network,” the crew said in its documentation.
The cash went to a model new deal with. Blockstream has not defined that, or mentioned something in any respect.
Traders have seen this earlier than, notably with Ronin bridge attackers who gave again $10 million and took a bounty in 2024.
The cash sits nonetheless, in daylight. Whoever holds it requested to be contacted. Nobody has answered.
The submit Attackers Leave On-chain Message After $320 Million Exits Liquid Network appeared first on BeInCrypto.
