Liquid's Attackers Called Themselves White Hats, Ledger's CTO Isn't Buying It

Crypto Insight Summary: Ledger’s Chief Technology Officer has questioned the white hat label attached to the $320 million taken from Liquid Network. He stopped short of calling it a theft. Liquid described the parties as purported white hat hackers, and Blockstream is trying to reach them on-chain. Liquid Network Freezes Its Bridge as Self-Proclaimed White Hats Take 4,000 Crypto Insight Analysis: Direction: Bearish L-BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Security breach undermines Liquid Network's credibility, affecting its pegged assets.