1m ago2d ago1 min read
‘White Hat’ Liquid Network Crypto Hackers Are Now Grandstanding and Demanding a 10% Bounty
WorldCryptocurrency hack
The hackers who drained Blockstream's Liquid Network are now demanding a 10% bounty from the company.
The hackers, who claim to be 'white hat', have been communicating with Blockstream via OP_RETURN transactions on the Bitcoin blockchain and have accused the company of skimping on security.
- Coverage on "‘White Hat’ Liquid Network Crypto Hackers Are Now Grandstanding and Demanding a 10% Bounty" is currently concentrated in center-aligned outlets with primary documentation.
- Reporting focuses on verified chronology, official disclosures, and institutional releases.
Key Takeaways
- A software bug in Liquid's Elements node software let an attacker mint unbacked L-BTC
- Hackers drained Blockstream's Liquid Network using a software bug
- The bug allowed attackers to mint unbacked L-BTC
- The attackers cashed out roughly 4,000 bitcoin through SideSwap
- The hackers have switched to plaintext communication after initial PGP-encrypted notes
- The hackers accuse Blockstream of inadequate security measures
Media Spectrum
Total: 1 source•Published: 2d ago•Last Updated: 1m ago
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LeftCenterRight
Bias & Framing Analysis
Top Framing Differences
- Left: Not enough sources yet — framing will appear once outlets on this side cover the story.
- Center: Reporting focuses on verified chronology, official disclosures, and institutional releases.
- Right: Not enough sources yet — framing will appear once outlets on this side cover the story.
Overall Tone
Center
Coverage Blindspots
Left
Not enough sources yet on this side — a blindspot summary will appear once outlets cover the story.
Right
Not enough sources yet on this side — a blindspot summary will appear once outlets cover the story.
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What's Next
Expected Outcomes
- Blockstream's response to the hackers' demands, potential further action from the hackers
Why It Matters
The incident highlights the importance of security measures in cryptocurrency systems
Key Perspective
No attributed perspective yet — we only show quotes grounded in analysis.
Credibility & Editorial Standards
Story FramingCenter
Evaluated across 1 reporting source (0% Left · 100% Center · 0% Right)
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Outlet ConsensusCenter
Historical editorial baseline for Gizmodo (XX)
WorldCenter
Politics & GovernanceCenter
Credibility ScoreHigh Credibility
89/ 100
Multi-factor accuracy index for Gizmodo (XX) and related desks based on verifiable sourcing and editorial standards.
Factuality: High 100%
Ownership: Gizmodo (XX) (Corporate)
Timeline of this story
- Sep 10Gizmodo (XX): The two parties have been communicating via OP_RETURN transactions on the Bitcoin blockchain.
Historical Context
Posts on X
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