We are aware of a security incident on @Liquid_BTC. Purported white-hat hackers have withdrawn ~4,000 BTC (~$320 million) from the Liquid Federation wallet. The @Blockstream team is working on contacting them on-chain with a signed message.
What we know so far is that the funds were withdrawn via the SideSwap PAK (Peg-out Authorization Key), but that key was not compromised, nor were any others.
Exchanges have been notified and have already paused (or will pause) LBTC deposits and withdrawals. Other Liquid assets such as USDT, DePix, and RWAs are unaffected by this security incident.
Bridge nodes have been temporarily disabled, so no new transactions can be submitted to the network. Effectively, the Liquid sidechain is paused until this issue is resolved.
Liquid wallets will be impacted, and we're sorry for any inconvenience. Federation members are actively working on resolving this so we can restore normal network activity.
You can monitor the situation via @mempool's https://t.co/M46Zhn8nlY site below:
https://t.co/B8j9u4j6i4
@0xMarcB I don’t mind it at all, quite the opposite. I want charge and sharpness to meet me on the grounds. Low energy is such a drain on everything productivity and performance related. You get measured on your work, not your break. Rest up and always bring your best game.
GSR's president Jakob Palmstierna (@palmstierna) had a great time at TP ICAP's (@TPICAPGroup) Digital Assets Forum. Thanks to all our friends and partners who participated!
GSR today announced the registration of two Cayman Islands entities under the Securities Investment Business Act (SIBA).
“Tokenized securities could become one of the largest trading opportunities our industry has seen,” said Xin Song, CEO of GSR.
https://t.co/nFrihmrze7
We’re aware of an increase in phishing attempts impersonating GSR and targeting our clients and counterparties.
Please be especially cautious of unsolicited emails, Telegram messages, or other communications claiming to be from GSR.
If something looks unusual, stop and verify the request through your established GSR contact or another official channel.
Stay vigilant.
2% of global equities moving onchain would double the size of crypto markets.
Securitize CEO Carlos Domingo (@carlosdomingo) sat down with GSR’s Frank Chaparro (@fintechfrank ) to explain the tokenization trend’s status quo and how it’s taking over Wall Street.
Watch here:
Why are tokenized equities so popular in crypto? What's next for RWAs? And how is GSR positioned to support the growth of onchain capital markets?
We sat down with Alain Kunz (@KunzAlain), our own Global Head of DeFi, and you can read his answers here:
https://t.co/4bA25FLPkH
“Checking accounts are a trap.”
In the inaugural episode of The Desk, we talk with Nick (@Nick_van_Eck) about static cash losing 40% of its purchasing power in 20 years and what can push the stablecoin market from $300 billion to $1 trillion.
Watch the full discussion here: