TRM Labs(@trmlabs):About USD 319 million in bitcoin was drained from the Liquid Network on September 6 — the largest crypto theft of 2026, and the largest attack recorded against a Bitcoin sidechain. The attackers, claiming to be whitehats, have returned about 85% of the stolen funds, but still hold the remaining USD 47 million. The attackers appear to have exploited a bug in Liquid's validation software to mint unbacked L-BTC, which they then exchanged for BTC. Read our full analysis here 👉

TRM Labs

@trmlabs

Preventing fraud and financial crime for digital currencies

Joined September 2018

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TRM Labs@trmlabs

2026.09.10 17:30

About USD 319 million in bitcoin was drained from the Liquid Network on September 6 — the largest crypto theft of 2026, and the largest attack recorded against a Bitcoin sidechain. The attackers, claiming to be whitehats, have returned about 85% of the stolen funds, but still hold the remaining USD 47 million. The attackers appear to have exploited a bug in Liquid's validation software to mint unbacked L-BTC, which they then exchanged for BTC. Read our full analysis here 👉