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Liquid network hack absorbs 320M in Bitcoin
The Bitcoin sidechain network, managed by Liquid Network, was subjected to a security breach and approximately $320 million was drained, equivalent to about 4,000 of the 4,200 bitcoins in the targeted wallet. The network halted transactions to prevent further damage, and it is believed that the attack was carried out by ethical hackers to demonstrate security vulnerabilities. This breach is one of the largest incidents affecting digital asset infrastructure, and experts emphasize the need to strengthen security measures across digital asset networks in general.
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