Bill’s Commentary:

“Everything is hackable…”

Hackers Withdraw 320 Million In Bitcoin From Blockstream’s Liquid Network Federation Reserves

The Liquid Network said Sunday that purported white-hat hackers withdrew about 4,000 bitcoin, worth about $320 million, from the federation wallet that backs L-BTC.

Bridge nodes were disabled, and the sidechain was paused. Other issued assets, including USDT, DePix and RWAs, were unaffected, the official account said on X.

The Liquid Network is a federated sidechain of Bitcoin, founded by Adam Back’s Blockstream. The Liquid chain issues a variety of assets such as LBTC, which it backs with BTC on the Bitcoin main chain, held in a large multisig of 15 corporate and known members. 11 of the 15 members need to sign a valid multi-signature transaction to move coins from the treasury. Before the hack, the treasury held over 4200 BTC; after the hack, Blockstream’s proof of reserves page reports a little over 207 BTC left. 

Read more here…

Bill’s Commentary:

“Party like it’s 1984!”

Disconnect your LG television from the internet, now

Smart televisions have a history of being a privacy problem for users. Repeated reports have surfaced over the years about them logging how you use the television, as well as misusing sensors intended to monitor the viewers.

In a September investigation by Gamers Nexus posted to YouTube, LG’s smart TVs still continue to be a privacy nightmare. It’s pretty bad, given that some models are capable of eavesdropping on your conversations.

Working with security researchers and Level1Techs, the lengthy video put LG OLED televisions under a microscope. Using various tools, including capturing packets with Wireshark, it was found to be conducting a wide array of actions that disregard user privacy, and then sending that data back to LG.

Read more here…

Bill’s Commentary:

“As a reader recently said… rainbow dust and unicorn farts!”

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