Late Sunday, Liquid Network — used by exchanges as a settlement layer — faced a $320 million exploit.

The figure places it among the larger incidents of the year, well above the roughly $120 million taken across four waves of the Coldcard exploit in late July and early August. Liquid functions as settlement infrastructure rather than a consumer-facing protocol, which means the exposure profile runs through institutional counterparties.
Blockstream, which develops Liquid, is separately scheduled to publish source code for Core Lightning 26.06.7 security fixes on September 11. The two are distinct products and no connection between them has been indicated.
Details on the exploit vector, affected parties and recovery prospects remain limited.#GateEventContractTradeSharingChallenge