🔐 Liquid Network restarts blocks after 4,000 BTC exploit
Liquid Network has resumed block production following a major security incident in which a white-hat hacker took control of nearly 4,000 BTC — approximately $320M — from the Bitcoin sidechain.
The Liquid team deployed emergency software updates to stabilize the network. Of the 4,000 BTC taken, 3,400 BTC has been returned. Block production is now active, but transactions and peg operations remain suspended pending confirmation that the network is fully stable.
The incident highlights ongoing security risks in Bitcoin sidechain infrastructure, even when funds are partially recovered.
🔐 Singaporean ringleader admits leading $245M crypto theft ring
Malone Lam, a 22-year-old Singaporean citizen, has pleaded guilty to directing a criminal network that stole and laundered over $245 million in cryptocurrency.
The operation combined online impersonation tactics with physical home break-ins to access victims' funds. Proceeds were laundered through purchases of exotic cars, private jet rentals, and nightlife spending.
The case highlights the growing crossover between cybercrime and real-world violence in crypto theft, and serves as a reminder that large on-chain holdings can make individuals targets beyond the digital realm.
🔐 Family Killed in Mexico Over Bitcoin Cold Wallet
Mexican prosecutors allege a musician and his family were targeted and killed by suspects searching for a Bitcoin cold wallet believed to hold millions of dollars.
The victim, Jonathan Meléndez, was a keyboardist for the band Camilo Séptimo. Prosecutors say the attackers were motivated by the belief that the wallet contained significant Bitcoin holdings.
The case is a stark reminder that publicly known crypto wealth can create serious physical security risks — cold wallet storage protects against digital theft but offers no protection if ownership becomes known to bad actors.
Hyperliquid's open interest has climbed to $14.3 billion, placing it within 3% of its pre-crash peak from earlier this year, signaling a strong recovery in derivatives activity on the platform.
Alongside the OI surge, HYPE — Hyperliquid's native token — reached a new all-time high of $88, reflecting renewed trader confidence in the protocol.
The milestone underscores Hyperliquid's growing position in on-chain perpetuals, as the platform continues to attract significant trading volume and leverage activity.
📈 Grayscale Zcash ETF Crosses $500M as Bitcoin Steadies
Bitcoin dipped to nearly $77,600 on Tuesday before recovering most of its losses, ending the day little changed.
Meanwhile, Zcash outperformed the broader market with a roughly 43% weekly gain, coinciding with Grayscale's new Zcash ETF surpassing $500 million in assets — a notable milestone for an altcoin-focused fund.
The Zcash ETF haul signals continued institutional appetite for crypto products beyond Bitcoin, even as the broader market remains under pressure.