Liquid Network pauses after purported ‘white-hat’ hackers withdraw $320 million in bitcoin

The Bitcoin sidechain has been paused, with exchanges suspending LBTC deposits and withdrawals as Blockstream works to contact those responsible.

The top 3

  1. Top 3 Largest Crypto Thefts by Value: The largest crypto heist in history was the Bybit hack in 2025, where $1.4 billion in Ethereum was stolen, followed by the Ronin Network attack ($625 million) and the Poly Network exploit ($611 million).
  2. Most Common Attack Vectors in Major Crypto Hacks: Private key compromise is a leading attack vector, accounting for 43.8% of funds stolen in 2024, alongside hot wallet vulnerabilities, phishing, social engineering, and exploits targeting cross-chain bridges and smart contracts.
  3. Notable Crypto Hack Recoveries or Mitigations: Significant recoveries include most of the $611 million from the Poly Network hack being returned by the exploiter, $140 million recovered from the Wormhole hack by Jump Crypto and Oasis, and 84% of assets returned after the KuCoin hack.

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