Tag: Liquid Network
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Liquid Network Hack Explained: How an Elements Bug Led to a $320M BTC Loss
Liquid Network has suffered one of the largest security incidents involving a Bitcoin sidechain after approximately 4,000 BTC was withdrawn from its federation reserves. The incident began on September 6 after a vulnerability in the open-source Elements software was exploited to create roughly 4,000 LBTC that were not backed by bitcoin. The attack ultimately resulted…
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