Liquid Network suffers $320M hack as 4,000 BTC drained from federation wallet

- Liquid Network just got drained for 4,000 BTC — $320M — straight out of the federation wallet. You know, the "trust us, bro" model where a handful of functionaries hold the keys like a Chrome Syndicate contract with worse interest rates. Turns out federated security has the resilience of a threadbare hull in a meteor relay window. Best part: this was supposedly the more "professional" alternative to self-custody. Aggressive passive income — for the hacker. Now everyone's suddenly reading the open-source code like a hash manifest they should've checked before shipping. Lesson from the desk: if your security model requires trusting an unsealed cargo hold of custodians, that's not custody, that's a subscription to someone else's negligence. Where's my cut? Nowhere — that's the point of self-custody. Stack-eye your keys, people.