Liquid Network Hack Update: 85% of BTC Returned but Serious Depegging Risks Loom

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The post Liquid Network Hack Update: 85% of BTC Returned but Serious Depegging Risks Loom appeared first on Coinpedia Fintech News

Over the weekend, Bitcoin’s layer-2 privacy side chain, the Liquid Network, suffered a 4,000 BTC (roughly $320 million) exploit, which was 95% of its total reserves. In the last few hours, the hackers, who explicitly stated “we are whitehats,” partially lived up to their self-given name. They safely returned 85% (about 3,400 BTC or roughly …