Bitcoin
Why Bitcoin is down 1.6% today
Analysis
Bitcoin fell 1.6% over the past 24 hours as traders reacted to fresh security concerns, including reports that the Liquid Network paused after purported “white-hat” hackers withdrew about $320 million in BTC, raising near-term risk sentiment (The Block, Decrypt). Adding to the negative tone, Cointelegraph reported a Coldcard-related attacker moved 45% of stolen Bitcoin, reinforcing fears of ongoing exploit activity and potential market overhang from stolen funds moving on-chain.
Contributing Factors (3)
Coldcard third-wave attacker moves 45% of stolen Bitcoin
Galaxy said 82% of Bitcoin stolen across all Coldcard attacks remains in the original addresses, with 18% moved in apparent laundering.
Liquid Network pauses after purported ‘white-hat’ hackers withdraw $320 million in bitcoin
The Bitcoin sidechain has been paused, with exchanges suspending LBTC deposits and withdrawals as Blockstream works to contact those responsible.
'Purported White-Hat Hackers' Withdraw $320M in Bitcoin From Liquid
Blockstream and the hackers are engaging with each other through PGP-signed messages in Bitcoin transactions.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.