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Purported white hat hackers withdraw $320M in Bitcoin from Liquid

The activity reportedly involves PGP-signed messages between the hackers and Blockstream, signaling continued engagement through Bitcoin transactions.

Reported · Written up by our desk · Market Structure

Decrypt reports that so-called white hat hackers have withdrawn $320 million in Bitcoin from Liquid, according to transaction activity tied to the purported incident.

The outlet says Blockstream and the hackers have been communicating via PGP-signed messages embedded in Bitcoin transactions, indicating an ongoing back-and-forth rather than a single transfer.

Decrypt characterizes the exchanges as direct interaction between the parties using signed messages within the Bitcoin transaction flow, pointing to continued coordination around the funds.

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