Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, Bitcoin sidechain Liquid paused operations after actors claiming to be white-hat hackers withdrew about 4,000 Bitcoin, worth $320 million, from its federation wallet.& Tether-backed Chilean exchange Orionx began shutting down after an audit uncovered a more than $7 million custody shortfall, while Polish lawmakers failed to overturn President Karol Nawrocki’s veto of crypto legislation as the Zondacrypto investigation widens.
On Sunday, Liquid said that bridge nodes were disabled, preventing new transactions, while exchanges had halted or were preparing to halt L-BTC deposits and withdrawals.
Blockstream, Liquid’s technology provider, started contacting the actors through signed onchain messages. Subsequent messages show the actors told Blockstream to patch the vulnerability and ensure every node was updated before they would return most of the Bitcoin.&
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