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White hat hacker moves $320M in BTC from Liquid Network with on-chain message, Blockstream silent

Market News
06 Sep 2026
Crypto Briefing
View Source
Bearish
White hat hacker moves $320M in BTC from Liquid Network with on-chain message, Blockstream silent

Approximately 4,200 BTC worth $320 million was moved off the Liquid Network in a single transaction marked by an on-chain message claiming white hat hacker involvement. The transaction’s legitimacy is unclear, as it either bypassed or was authorized within Liquid’s multi-signature security system, which requires 11 of 15 signatures plus special authorization keys. Blockstream, the parent company, has not commented, leaving questions about the security of Liquid’s federated sidechain model and the safety of remaining funds. This incident highlights potential vulnerabilities in Liquid’s security and raises concerns for users relying on it for faster Bitcoin transactions.

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