Liquid Network Pauses After Purported $320M White-Hat Bitcoin Withdrawal

Liquid Network paused operations after a purported $320 million Bitcoin withdrawal from multisig reserve addresses, with the party behind the transaction claiming it was a white-hat rescue tied to a suspected security flaw.
The key detail is scope. This was not Bitcoin mainnet stopping. Bitcoin blocks kept moving as normal. The issue concerns Liquid, Blockstream’s Bitcoin sidechain, where operators halted transaction processing while engineers reviewed the incident.
That distinction matter