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 Purported white-hat hackers have withdrawn ~4,000 BTC (~$320 million) from the Liquid Federation wallet.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 What we know so far is that the funds were withdrawn via the SideSwap PAK (Peg-out Authorization Key), but that key was not compromised, nor were any others.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 liquid.network site below: mempool.space/address/bc1qdl…

Someone just broke the same encryption Bitcoin uses on a public quantum computer in 45 minutes Yesterday an Italian researcher named Giancarlo Lelli broke a 15 bit elliptic curve key in 45 minutes on a publicly accessible quantum computer It's the same math that secures every Bitcoin wallet, every Ethereum address and around $2.5 TRILLION in digital assets He used around 70 qubits on cloud hardware, no national lab, no special equipment and won 1 BTC for it The estimate of qubits needed to break Bitcoin's full key has dropped from 13 million in 2022 to under 500,000 weeks ago, then days later another study cut it 50x lower at 10,000 That's a 1,300x reduction since 2022, with most of the drop in the last six months Right now 6.9 MILLION BTC, around $520 billion, sit in addresses with public keys already exposed on chain That includes Satoshi's 1.1 million BTC, permanently visible and impossible to migrate because he's not coming back to move them BlackRock tripled the quantum risk disclosure in its $64 billion Bitcoin ETF prospectus, warning quantum computing could result in "losses to Shareholders" A Federal Reserve working paper called "harvest now, decrypt later" an active threat in September 2025, meaning state actors are already collecting public keys today to crack them when the hardware catches up Quantum has been a future problem for 15 years Yesterday the future arrived

97% of Bitcoin mining hardware is manufactured in China. The U.S. Senate just responded. The Mined in America Act would certify domestic mining operations, phase out foreign adversary hardware, and formalize a Strategic Bitcoin Reserve in Treasury. Proof of Work is now a national security conversation.