Liquid Network security incident: White Hats Withdraw 4,000 BTC

On September 7, 2026, a significant security incident occurred on the Liquid Network, where hackers managed to withdraw 4,000 BTC from the Liquid Federation wallet. This operation, valued at 320 million USD, was notably carried out by individuals who identified themselves as white-hat hackers. They have requested further communication to be conducted on-chain, highlighting an unusual approach in the cryptocurrency security landscape.

The security breach on the Liquid Network involved the withdrawal of 4,000 BTC from the Liquid Federation’s wallet. This sizeable amount is estimated to have a total value of 320 million USD. The hackers involved in this incident have described themselves as white-hat, suggesting that their intentions might not be malicious but rather aimed at exposing vulnerabilities within the system.

Additionally, they have utilized an unconventional approach by requesting to be contacted on-chain, indicating a preference for communication that leverages blockchain technology for transparency or security purposes. This detail adds a complex layer to the incident, raising questions about the hackers’ true motivations and ethical stance.

Coverage of the incident adopted a cautious and analytical tone, reporting that the individuals involved self-identified as white-hat rather than explicitly malicious actors. Reports note uncertainty about the actors’ true motivations and state that commentators have questioned whether the actions were intended to disclose vulnerabilities or had other objectives.

Accounts also record that the actors requested to be contacted on-chain, an operational detail reported without attribution of intent. The reporting presents the actors’ self-description and the expressed uncertainty about their motivations as central contextual points. The cautious and analytical framing is indicated in the reporting tone described in coverage of the incident. This framing is presented without assigning definitive motives to the actors.

The Liquid Network security incident involved the withdrawal of 4,000 BTC from the Liquid Federation wallet, an amount reported to be valued at 320 million USD, and that withdrawal remains the principal recorded outcome of the event. The individuals who moved the funds described themselves as white-hat and asked to be contacted on-chain, a self-description and contact request that have been reported alongside the withdrawal.