🐋 WHALE WATCH : 4000 BTC ($320M+) drained from Liquid Networks Federation wallet one of the largest sidechain exploits to date. Key details right now: => Suspected exploit in the underlying Elements framework (unauthorized L BTC minting). => Exploiter claims to be a white hat via an on chain message. => Blockstream has officially paused operations while investigating. => The stolen 4000 BTC has not been moved or laundered yet. Bitcoin sidechains and federated setups are facing their biggest test yet. If this truly is a white hat extraction Blockstream just dodged a catastrophic blow.(Whale Factor)