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Liquid Network Bug Drains $320M as Attacker Exploits Bitcoin Sidechain

Crypto Briefing Read original source (opens in a new tab)
The Story

News Summary

  • A software bug in Blockstream's Elements codebase allowed an attacker to drain $320 million from the Liquid Federation's reserves via an unbacked L-BTC exploit.
  • While roughly 3,400 BTC was subsequently returned after a patch, the attacker retained nearly 600 BTC as an unapproved bounty.
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