Purported White-Hat Hackers Withdraw $320M in Bitcoin From Liquid

Purported white-hat hackers have withdrawn approximately $320 million in Bitcoin from Liquid, according to Decrypt. The report said Blockstream and the individuals involved are communicating through PGP-signed messages embedded in Bitcoin transactions. The withdrawals place Bitcoin at the center of the incident, while the reported interaction between Blockstream and the hackers adds a public on-chain communications element to the case. Details supplied in the report do not establish the identities of the parties, the reason for the withdrawals, or whether the funds will be returned. The development is relevant to Bitcoin market participants monitoring activity connected with Liquid and the movement of a large amount of BTC.