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Bitcoin L2 network used by exchanges hit by $320 million exploit. Halts completely.

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by COINS NEWS 5 Views

Liquid Network, a "Bitcoin sidechain and layer-2 solution" owned by Blockstream, halted all transactions after losing $320 million worth of Bitcoin in a security exploit.

The white hackers claim they will return funds if the exploit is fixed.

(I'd be wary of Adam Back and Blockstream's word because they have a history of manipulating Bitcoin's community, harming early Bitcoin devs, and lying, including the part about claiming Liquid is Bitcoin's "first sidechain")

submitted by /u/HSuke
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