Liquid Network halts transactions after $320 million Bitcoin security exploit

Liquid Network, a Bitcoin settlement layer widely used by cryptocurrency exchanges, suffered a major security breach resulting in the loss of approximately $320 million worth of Bitcoin. Following the attack, the network suspended all transactions to prevent further losses. The hackers responsible for the exploit publicly claimed they were acting as 'good guys,' though no further details about their intentions were immediately provided. The incident has raised serious concerns about the security of settlement infrastructure relied upon by crypto exchanges.