Liquid Network Exploit: Blockstream Recovers 3,400 BTC After $400M Bug
Security
bitcoin
blockstream
Crypto Exploit
Elements Software
LBTC
Liquid Network
Peg-Out Mechanism
SideSwap
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 [...]
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Source: Source: Blockonomi