Liquid Network

Profile narrative

Liquid Network is identified as a Canada-headquartered cryptocurrency-related organisation operating in the bitcoin ecosystem. The available information specifically describes it as a platform with wallet functionality involving bitcoin withdrawals, making digital asset handling its clearest confirmed service area. No detailed product catalogue, customer segments, or geographic market coverage is provided beyond this cryptocurrency and wallet context. The organisation’s known scale is reflected mainly through a major 2026 security incident rather than through stated user counts, transaction volumes, or business footprint metrics.

On 2026-09-05, Liquid Network reported that a white hat hacker exploited a bug to withdraw thousands of bitcoins from its wallet. The stolen amount was described as approximately 4,000 bitcoins, worth about $340 million at the time referenced in the report. The incident prompted Liquid Network to pause its operations. According to the provided account, the hacker said the funds would be returned if the vulnerability was fixed. Blockstream subsequently patched the flaw, after which roughly 3,400 of the stolen bitcoins were returned. Approximately 600 bitcoins remained under the hacker’s control, with a stated value of around $47 million.

The incident highlights the centrality of software security to Liquid Network’s operations, because the reported loss arose from a vulnerability affecting bitcoin withdrawals from its wallet. It also shows that the organisation’s operational continuity was directly affected by the exploit, as the platform remained halted while further fixes and security improvements were implemented. The only named external technical actor in the provided material is Blockstream, which patched the vulnerability. The information does not state whether Blockstream owns, controls, or otherwise has a formal corporate relationship with Liquid Network. No additional ownership, parent-company, subsidiary, regulatory, or licensing details are provided.

Incidents

1 incident linked to this organisation.