Tag: layer
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Liquid Network Security Breach Results in 320 Million Dollars in Bitcoin Exploited by White Hat Hackers as Industry Evaluates Layer 2 Vulnerabilities
The Liquid Network, a prominent Bitcoin sidechain developed by Blockstream, recently fell victim to a sophisticated exploit that resulted in the unauthorized withdrawal of approximately 4,000 Bitcoin (BTC), valued at an estimated $320 million. The incident, which unfolded over the first week of September 2026, has sent ripples through the digital asset industry, highlighting the…
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Ethereum Foundation Launches "Platform" Team to Forge a Cohesive Layer 1 and Layer 2 Ecosystem
The Ethereum Foundation has officially announced the formation of a new internal team named "Platform," dedicated to optimizing the interoperability and synergistic growth between Ethereum’s Layer 1 (L1) blockchain and its expanding network of Layer 2 (L2) scaling solutions. This strategic initiative aims to solidify Ethereum’s position as a robust and user-friendly platform, capable of…
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