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Liquid Network
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Commentary resurfaces on why central banks worldwide remain tied to the US dollar despite ongoing talk of de-dollarisation and diversifying reserves into other currencies. The piece argues the dollar's deep liquidity, network effects and lack of a viable alternative keep it dominant in global reserves and trade settlement. Analysts continue to debate whether the greenback's share of global reserves will erode in the coming years.
- 2Hackers Drain $320 Million in Bitcoin From Liquid Network●Hackers Withdraw $320m Bitcoin From Liquid Network Wallet
Hackers have withdrawn $320 million worth of Bitcoin from a Liquid Network wallet, according to a report by Leadership Newspapers. The theft ranks among the larger cryptocurrency breaches reported recently, and details about how the attackers gained access, who is responsible, and whether the funds can be recovered have not yet been made public.
- 3THORChain Faces Governance Questions After Bitget Security Breach▼THORChain Faces Governance Dilemmas After Bitget's Major Security Breach
THORChain is dealing with internal governance dilemmas following a major security breach at crypto exchange Bitget. The incident has raised questions about how decentralized platforms coordinate responses to exchange-level exploits and who bears responsibility for contaminated funds moving through cross-chain liquidity networks. Observers are watching how THORChain's community resolves the dispute, as the case highlights broader governance weaknesses across decentralized finance infrastructure when major exchanges are compromised.
- 4Coldcard and Liquid Network Hacks Called Worst in Bitcoin History●Why the Coldcard and Liquid Network Hacks Were the Worst in Bitcoin's History https://gizmodo.com/why-the-coldcard-and-l
Gizmodo argues that the recent hacks of Coldcard, a hardware wallet maker, and the Liquid Network, a Bitcoin sidechain, stand out as the most damaging security breaches in Bitcoin's history. The piece examines how the incidents undermined trust in products marketed as secure and what they reveal about gaps in crypto security practices.