Liquid Network Exploit: Blockstream Recovers 3,400 BTC After $400M Bug

TLDR: Liquid Network exploit minted 4,000 unbacked LBTC via a range proof caching flaw. Attackers used SideSwap’s peg-out authorization to convert fake LBTC into real bitcoin.  Blockstream patched the bug and recovered 3,400 BTC; 598.5 BTC remains outstanding.  Elements v23.3.4 emergency release expected within 48 hours to restore full network function. The Liquid Network suffered [...]

The post Liquid Network Exploit: Blockstream Recovers 3,400 BTC After $400M Bug appeared first on Blockonomi.