Bitcoin sidechain Liquid pauses after purported ‘white hats’ withdraw $320M in BTC

The actors told Blockstream they would return most of the 4,000 BTC after the Elements vulnerability is patched across the network. 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.  On Sunday, Liquid said that bridge nodes were disabled, preventing new…

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Harmony proposes shutting down layer 1, migrating ONE to Ethereum

Harmony proposed sunsetting its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions. Ethereum-compatible layer-1 network Harmony proposed sunsetting its blockchain and migrating its native ONE token to Ethereum, seven years after launching its mainnet.  On Sunday, Harmony proposed taking a final network snapshot, issuing ERC-20…

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