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Liquid Network Pauses After $320M Bitcoin Peg-Out Drains Most Reserves

Liquid Network has paused its Bitcoin sidechain after nearly 4,000 BTC worth about $320 million left the federation wallet through a SideSwap peg-out, reducing the reserve from roughly 4,200 BTC to about 200 BTC. The security incident unfolded on September 6 and removed roughly 9…

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