Ledger CTO Challenges ‘Whitehat’ Claim After Liquid’s 4,000 BTC Peg-Out
Bitcoin
Security
bitcoin
Bitcoin Sidechain
blockstream
BTC Peg-Out
Charles Guillemet
crypto security
LBTC
Liquid Network
SideSwap
TLDR: Ledger CTO challenges the whitehat claim after Liquid’s 3,996 BTC peg-out was valued at $318.4 million. Liquid says the peg-out used SideSwap’s PAK, while the key itself and other authorization keys stayed secure. The 3,996 BTC transfer represented roughly 95% of Liquid’s Bitcoin reserves, intensifying control scrutiny. Liquid paused bridge activity as most withdrawn [...]
The post Ledger CTO Challenges ‘Whitehat’ Claim After Liquid’s 4,000 BTC Peg-Out appeared first on Blockonomi.
Source: Source: Blockonomi